Caledonia Investments (CLDN): Stonehage Fleming sale

This situation live

£1,872m · 369.5p · −2% since the first step

Disposal of a part (break-up)

Stonehage Fleming sale

First reinvestment completed in Blue Diamond

Price£290.0m · 15.5% of market value

Every step · 2

25 Nov 2025 Sale agreed 2 September 2025; awaiting completion – On 2 September 2025 we announced the agreed sale of Stonehage Fleming, a leading multi-family office providing advisory services to the ultra-high net worth market. ↗
19 May 2026 First reinvestment completed in Blue Diamond – Agreement to sell Stonehage Fleming: Expected proceeds of c.£290m, generating a 3.2x multiple on cost and 30% uplift to March 2025 carrying value ↗

What is happening

Caledonia Investments: Stonehage Fleming sale – First reinvestment completed in Blue Diamond. ['First reinvestment completed in Blue Diamond']

In short: After the £290m Stonehage Fleming exit completed on 1 June, Caledonia agreed on 17 June to put about £60m into Blue Diamond. That investment completed on 3 July, so about £60m is deployed. Up to £40m of follow-on capital is available over five years.
Announced: 25 Nov 2025 · Sale agreed 2 September 2025; awaiting completion
Latest: 19 May 2026 · Agreed; still shown as expected proceeds, not completed
Stonehage proceeds: £290m cash, net of transaction expenses, at completion
First reinvestment: £60m in Blue Diamond, completed 3 July 2026
Follow-on capital: up to £40 million over five years, subject to agreed conditions

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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