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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Sadif Analytics Prime

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Caledonia Investments plc announces sale of Oval Limited for 210 mln pounds to Arthur J. Gallagher & Co's subsidiary

Tuesday, 1 Apr 2014 10:27am EDT 

Caledonia Investments plc:Says it has sold its entire stake in Oval Limited, to Friary Intermediate Limited a wholly owned subsidiary of Arthur J. Gallagher & Co.Transaction values Oval at 210 mln pounds.Under the terms of the transaction, Caledonia has sold its 25.4 pct equity holding in Oval and received repayment of outstanding loan notes and accrued interest, for a total consideration of 70.0 mln pounds.Caledonia initially committed 15.0 mln pounds of funding to Oval through a combination of equity and convertible loan notes and subsequently provided a further 29.7 mln pounds as the business developed.Initial sale proceeds will be held on deposit for future investment. 

Company Quote

7.0 +0.29%
24 Apr 2015