Caledonia Investments signs deal to sell Seven Investment Management (7IM) for £255 million
LONDON, UK: Caledonia Investments plc has agreed terms for the sale of its majority stake in Seven Investment Management (7IM), a vertically integrated retail wealth management business, to Ontario Teachers’ Pension Plan Board (OTPP), a global investor with approximately C$250 billion in net assets. The transaction is subject to change in control approval by the…