Caledonia Investments

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Caledonia Investments Group
Founded 1992
Headquarters Sydney, Australia
Key People Mark Nelson, CEO; Will Vicars, MD; Michael Darling, chairman
Products Investment management
Website http://www.caledonia.com.au/index.htm

Caledonia Investments Group is a privately-owned Australian investment group which, as the largest shareholder in the Chicago Board of Trade (CBOT), played a pivotal role in the takeover battle for control between the Chicago Mercantile Exchange and the Intercontinental Exchange.

History

Caledonia Investments Pty Limited was established in 1992 as a family office equity portfolio manager. The group expanded in 1998 with Caledonia (Private) Investments Pty Limited, which offers investment services to third parties. The combined group manages over A$3.5bn for almost four hundred investors, with a three-to-five year investment view.[1].

Caledonia Investments Pty. Ltd rose to international prominence when it initially voted against the CME's agreed bid for the CBOT, less than two weeks before a rescheduled shareholders' vote on the tie-up, and despite lobbying from executives at both exchanges[2].

The CME subsequently raised its offer for a third time and secured support from Caledonia[3]. The move was viewed as a key swing towards securing final backing for the CME deal.[4].

References

  1. Profile. Caledonia Investments.
  2. Biggest CBOT investor votes against Merc deal. Crain's Chicago Business.
  3. Press Release. CME.
  4. CME raises offer for CBOT. Financial Times.