iCON Infrastructure Partners has agreed to acquire an 87.4% stake in Choice Care Group from Caledonia Investments for £99.4m. "Caledonia's unquoted strategy is to invest in leading businesses with quality management teams, seeking long-term capital. We are delighted with how Choice has grown under our ownership, enabling it to provide its high-quality residential services to third more patients than five years ago, and we congratulate Edwina and her team for their stewardship of the business during that time. We wish them and the company every success under their new ownership." Duncan Johnson, Caledonia Head of Unquoted Investments.