skip to content

Market News

Caledonia sells 20% stake in Bowers & Wilkins

03 May 2016 10:56

Caledonia Investments has sold its 20% stake in B&W Group Ltd for the sterling equivalent of GBP24m cash, together with payment of an accrued dividend of GBP0.5m, as part of the wider sale of Bowers & Wilkins to EVA Automation Inc, a US-based technology company.

Caledonia originally invested in Bowers & Wilkins in December 2011 and its exit at this time follows the majority owner's strategic decision to partner with EVA to leverage the Bowers & Wilkins brand through the broader market reach and technology platforms that EVA can offer.

The investment has returned to Caledonia a money multiple of 1.2x and an IRR of 3.6%.

At 10:56am: (LON:CLDN) Caledonia Investments Plc share price was -11.5p at 2473.5p

Story provided by

Related Company: CLDN

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg -

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.