Raju Shukla and the Ocean Dial Group management team led by David Cornell and Robin Sellers signed an agreement to acquire Ocean Dial Group Limited from Caledonia Investments plc (LSE:CLDN) on April 8, 2013. Shukla will be subscribing additional capital into Ocean Dial in order to take a controlling stake in Ocean Dial. David Cornell will become the Chief Investment Officer of Ocean Dial Asset Management Limited, a subsidiary of Ocean Dial Group, and with effect from ... July 2013, will be based in London. Gaurav Narain will be the Head of Equities. Sanjoy Bhattacharyya will join as Principal Advisor to Ocean Dial Asset Management Limited. The transaction is conditional on regulatory approval from from the Financial Conduct Authority. Nathan Brown of Numis Securities Limited acted as financial advisor while Philip Secrett of Grant Thornton UK LLP acted as legal advisor for India Capital Growth Fund Limited.
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Hitachi Consulting Corporation entered into an agreement to acquire 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.
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