Hitachi Consulting Corporation acquired Celerant Consulting Limited from Caledonia Investments plc and others.
January 01, 2013 at 04:00 am
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Hitachi Consulting Corporation acquired Celerant Consulting Limited from Caledonia Investments plc (LSE:CLDN) and others on December 31, 2012. The transaction will comprise the sale of Caledonia's 47.3% equity holding in Celerant, together with the repayment of outstanding loan notes and accrued interest, for an immediate euro and sterling cash payments equivalent to £43.4 million. A further £4.3 million equivalent will be placed in escrow in respect of warranties, completion balance sheet adjustments and other items and, to the extent not utilised, will be released over time as the various escrow periods expire. The initial sale proceeds will be held on deposit for future investment by Caledonia Investments. Andy Currie of Catalyst Corporate Finance LLP acted as financial advisor for Caledonia and others. Tony Friend and Antonia Coad of College Hill acted as the PR advisor for Caledonia Investments. Paul Tetlow, Tom Wallace, Ian Fraser, Frank Thompson and Mike O'Neil of K&L Gates LLP acted as the legal advisor for Hitachi Consulting. Cyrus Lam, Doug Hopek, and Brian Jones of KPMG Corporate Finance LLC acted as financial advisors to Hitachi Consulting Corporation. Ian Martin, Rob Collard of Macfarlanes LLP acted as legal advisors for Celerant Consulting.
Hitachi Consulting Corporation completed the acquisition of Celerant Consulting Limited from Caledonia Investments plc (LSE:CLDN) and others on December 31, 2012.
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 
