Caledonia Investments plc along with Cooke Optics Group Limited's management team acquired Cooke Optics Group Limited from Growth Capital Partners and Cooke Optics Group Limited's management team for an enterprise value of £96.5 million.
July 13, 2018
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Caledonia Investments plc (LSE:CLDN) along with Cooke Optics Group Limited's management team acquired Cooke Optics Group Limited from Growth Capital Partners and Cooke Optics Group Limited's management team for an enterprise value of £96.5 million on July 13, 2018. Caledonia has subscribed £62.5 million of equity and £30 million of debt to acquire 89% of Cooke Optics Group. Cooke Optics Group Limited's management team have reinvested £7.8 million of their sales proceeds for the remaining 11% equity. For the year ended June 30, 2017, Cooke Optics Group had a revenue of EBITDA of £7.7 million, profit before tax of £2.8 million, and at that date had gross assets of £33.8 million. Ian Shawyer and Adam Orr of Travers Smith LLP acted as legal advisors, Adrian Balcombe of Alvarez & Marsal United Kingdom acted as financial due diligence advisor, Tabitha Elwes of CiL Management Consultants provided commercial due diligence advice, Tim Haden of Deloitte UK acted as tax advisor while Mike Barnes of Wyvern Partners provided debt advice to Caledonia Investments. Cara Haffey, Cara Haffey, Krushi Hindocha, James Lander and Onyekachukwu Obi of PwC Corporate Finance LLP acted as corporate finance advisor to Cooke Optics Group Limited, Growth Capital Partners and Cooke Optics Group Limited's management team while Paul Mann of Squire Patton Boggs (UK) LLP acted as legal advisor to Growth Capital Partners and Cooke Optics Group Limited's management team.
Caledonia Investments plc (LSE:CLDN) along with Cooke Optics Group Limited's management team completed the acquisition of Cooke Optics Group Limited from Growth Capital Partners and Cooke Optics Group Limited's management team on July 13, 2018
Caledonia Investments plc is a United Kingdom-based self-managed investment trust company. The Company holds investments in both listed and private markets, covering a range of sectors and particularly through its fund investments. It invests in managed businesses that combine long-term growth characteristics with, in many cases, an ability to deliver increasing levels of income. It manages assets of circa £2.9 billion across an international, multi-asset portfolio, with a focus on companies that have the potential to generate long-term shareholder value. The Companyâs fund types include private equity funds, funds of private equity (PE) funds, and quoted market funds. It invests in a range of sectors, such as information technology, industrials, consumer staples, materials, healthcare, financials, communication services, utilities, real estate and consumer discretionary. It invests in various regions, such as the United Kingdom, Asia, Europe, and North America.
Caledonia Investments plc along with Cooke Optics Group Limited's management team acquired Cooke Optics Group Limited from Growth Capital Partners and Cooke Optics Group Limited's management team for an enterprise value of £96.5 million.
CALEDONIA INVESTMENTS PLC 
