Caledonia looking to sell 7IM for £400m

After rejecting £300m unsolicited takeover bid by Brooks Macdonald

Photograph by Amit Lennon – 20 January 2020


Caledonia Investments is rumoured to be looking at the potential sale of Seven Investment Management (7IM).

According to Sky News, Caledonia is expected to kick off an auction for the business in the autumn of 2022, having valued the firm at approximately £400m.

This would see it net a tidy profit, given it bought 7IM in 2015 for £100m.

Caledonia has reportedly hired investment bank Evercore Partners to oversee the sale process, which could be delayed depending on market conditions.

If a sale does materialise, it would be one of the first big tasks for chief executive designate Matthew Masters, who is due to succeed Will Wyatt (pictured) in July.

The reports follow a declined takeover offer by Brooks Macdonald in February 2022 for £300m and two months after 7IM quietly exited Jersey with the sale of its local office to Tilney, Smith and Williamson (now Evelyn Partners).

7IM, Caledonia Investments and Brooks Macdonald all declined to comment when approached by our sister publication International Adviser.

See also: 7IM coughs up £4m to compensate for losses in dual fund wind-up

See also: 7IM ups money market exposure in 19 funds days after FCA voices concerns

This article first appeared on International Adviser.


Latest Stories