Announcement • Jun 03
Corient Private Wealth LLC completed the acquisition of Stonehage Fleming Family & Partners Limited from Caledonia Investments Plc (LSE:CLDN) and others. Corient Private Wealth LLC agreed to acquire Stonehage Fleming Family & Partners Limited from Caledonia Investments Plc (LSE:CLDN) and others valued for approximately £850 million on September 2, 2025. Caledonia will be selling its minority interest in Stonehage Fleming Family & Partners Limited alongside other shareholders. Caledonia is expected to receive cash proceeds, net of transaction expenses, of £288 million for the sale of its equity interests. Of this sum approximately £251 million will be received on closing with a further approximately £37 million split across two equal tranches payable 6 and 12 months after closing. In addition, contingent consideration up to a maximum of £9 million may become payable to Caledonia. The amount of contingent consideration payable is dependent on Stonehage Fleming's achievement of certain revenue growth targets over the three year period following completion. In a related transaction, Corient Private Wealth is also acquiring Stanhope Capital. Upon closing of the transactions, the business will operate globally as Corient. The acquisitions are being funded with an equity contribution.
Giuseppe Ciucci, Executive Chairman of Stonehage Fleming, will be Partner and Chairman and Daniel Pinto, Chairman of the Board, Chief Executive Officer and Founding Partner at Stanhope Capital will be Partner and Chief Executive Officer of Corient’s international business. Both will join Corient’s global Board of Directors. Stuart Parkinson, the Chief Executive Officer of Stonehage Fleming, will be Partner and President of Corient’s international business. Keith Bloomfield, Founder and CEO of FFT Wealth Management, will join as Partner and Vice Chairman. Ciucci, Pinto and other members of their executive teams will become Partners and significant equity holders in Corient.
The transaction is subject to change in control approval by the Financial Conduct Authority in the United Kingdom and several other international regulators and is expected to complete in the first half of 2026.
Spencer House Partners LLP acted as financial advisor for Stonehage Fleming Family & Partners Limited. Macfarlanes LLP acted as legal advisor for Stonehage Fleming Family & Partners Limited. Adam Orr and Max Conway of Travers Smith LLP acted as legal advisor for Caledonia Investments Plc. Jefferies LLC and Goldman Sachs & Co LLC acted as financial advisors to Corient Private Wealth LLC. Katja Butler, Richard Youle, James Anderson, Trevor R. Allen and Ryan J. Dzierniejko of Skadden, Arps, Slate, Meagher & Flom LLP with offices in New York and London acted as legal advisors to Corient in the transaction.
Corient Private Wealth LLC completed the acquisition of Stonehage Fleming Family & Partners Limited from Caledonia Investments Plc (LSE:CLDN) and others on June 1, 2026. Completion follows after obtaining recent receipt of regulatory approval. Announcement • May 26
Caledonia Investments plc Announces Appointment of Farah Buckley as Non-Executive Director of Foxtons Group Plc, Effective June 1, 2026 Caledonia Investments plc announced that Farah Buckley, a non-executive director of the Company, had been appointed as a non-executive director of Foxtons Group plc with effect from June 1, 2026. Declared Dividend • May 21
Final dividend of UK£0.04 announced Shareholders will receive a dividend of UK£0.04. Ex-date: 2nd July 2026 Payment date: 6th August 2026 Dividend yield will be 2.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years. 
