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Caledonia Investments

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Caledonia Investments

Caledonia Investments plc (LSE: CLDN) is a UK investment trust company based in London and is listed on the London Stock Exchange.

Operations

Caledonia is a self‐managed investment trust with net assets of £1.3bn (31 March 2013). It takes significant holdings in listed equities, private companies and funds. Taking a long term investment approach, Caledonia Investments is a value investor with a global outlook. [1] It invests in 30-40 companies at any one time.[2] Roderick Kent is the chairman and Will Wyatt the chief executive.[3]

History

The company which became Caledonia Investments was incorporated in 1928 as the Foreign Railways Investment Trust Ltd.[4] It was acquired by the Cayzer family in 1951 to hold their diverse interests and was renamed Caledonia Investments Ltd.[4] In 1955 Caledonia acquired the Cayzer family's interest in the British & Commonwealth Shipping Co. Ltd, formed out of the merger of Clan Line (started by the Cayzer family in 1881) and Union-Castle Line.[4] In 1960 the company was listed on the London Stock Exchange and in 1981 their name was changed to Caledonia Investments PLC.[4] After their holding in British & Commonwealth was sold in 1987, Caledonia Investments became a diversified trading and investment company, which in turn was converted into a UK Investment trust company on 1 April 2003.[5] The Cayzer family collectively owns some 48% of the share capital of Caledonia Investments plc.[6]

References

  1. ^ Caledonia Factsheet 31 March 2013
  2. ^
  3. ^
  4. ^ a b c d
  5. ^ Annual report 2003
  6. ^

External links

  • Homepage of Caledonia
  • JP Morgan Case Study about Caledonia Investments Plc
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