View more on these topics

7IM close to takeover deal with Caledonia

Business-Handshake-Meeting-Deal-Low-Angular-700x450.jpg

A takeover of Seven Investment Management by Caledonia Investment Management is just weeks away, according to reports.

The £9bn wealth manager is in advanced talks with Caledonia over the proposed acquisition, reports Sky News.

More than half of 7IM is owned by Aegon and Zurich Insurance, which Caledonia would be purchasing, with the remainder of the company owned by partners and employees.

Caledonia is a listed investment company, which has a number of fund investments.

7IM wants to find a purchaser that ties in with the wealth manager’s long-term plans, say insiders.

It was reported in February that Aegon and Zurich were eyeing a sale for 7IM, appointing investment bank Evercore to explore the options.

Last month, it was thought private equity firms were in the mix for the takeover, which could value the company at £100m.

Recommended

Dean Julie Cazenove

Sanditon launches UK fund for Julie Dean

Sanditon Asset Management has announced details of the TM Sanditon UK Fund which it is set to launch on 22nd June. The fund, managed by investment manager Julie Dean, will invest in 35 to 65 listed equity securities issued by UK companies. It will sit in the IMA UK All Companies sector. It seeks to achieve returns 2 per […]

Sue McNelly

Coping with cancer — a nurse’s story

According to recent statistics from Cancer Research UK, one in two people* born after 1960 in the UK will be diagnosed with cancer in their lifetime. The good news is that more people than ever are beating cancer. Now 50 per cent survive for 10 years or more*. A cancer diagnosis can be overwhelming, not […]

Sickness absence

Sickness absence — a key piece to the productivity puzzle?

We recently wrote about the productivity puzzle and how the UK lags very far behind most of the other major economies of the G7 on this particular measure. There are of course many pieces to this particular puzzle – and a timely report by The Work Foundation highlights how sickness absence plays a part in this issue also.

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment