Canadians buy controlling stake in 7IM for £255m

Investment trust Caledonia Investments has sold its majority stake in investment manager and platform 7IM for £255m.

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Platform 7IM increases profits 4% to £19.4m

7IM boosted profits and assets for the year ending 31 December 2017, according to its latest annual results.

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Seven Investment Management taken over in £100m deal

Seven Investment Management is being taken over by Caledonia Investments in a £100m deal, following bids by nearly 20 groups. Read more...