Caledonia Investments plc reported interim management statement for the quarter ended 31 December 2013 and up to the date of 08 January 2014.
Investments during the period totaled £115.6 million, including £88.1 million to acquire 100% of the equity in Park Holidays UK as part of a transaction valuing the business at £172 million, with the balance financed by bank debt. Park Holidays owns and operates 23 caravan parks in the south of England. The Company also invested £8.4 million for additional part-paid shares in Cobehold, the Belgium-based investment company, of which half was called in October. Realizations during the period totaled £38.2 million, including £6.6 million for 10.7% stake in Kingdom Holdings, and £13.7 million of fund distributions and redemptions. In November 2013, the Company increased its bank facilities. It now has committed facilities of £125.0 million in place through two bilateral agreements for £62.5 million revolving credit facilities with ING and The Royal Bank of Scotland, expiring in April 2018. £25.0 million of these facilities were drawn at 31 December 2013. At 31 December 2013, the company had £17.3 million of net debt (including £25.0 million drawn against its facilities), compared with £56.6 million of net cash at 30 September 2013. Net asset value as at December 31, 2013 was £1,336 million compared to £1,288 million as on September 30, 2013. NAV per share as at December 31, 2013 was 2,397 pence compared to 2,311 pence as on September 30, 2013.
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 £2.8 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 basic materials, consumer staples, financials, healthcare, industrials, real estate, retailers, technology, telecommunications, and utilities. It invests in various regions, such as the United Kingdom, Asia, Europe, and North America.
CALEDONIA INVESTMENTS PLC 
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