Ontario Teachers' Pension Plan Board completed the acquisition of a majority stake in Seven Investment Management from Caledonia Investments for £255m.

Ontario Teachers' Pension Plan Board, a global investor, completed the acquisition of a majority stake in Seven Investment Management, a wealth management, asset management and platform services company, from Caledonia Investments, a self-managed investment trust company for £255m. "The team and I would like to thank Caledonia for their support and resources over the years in helping 7IM to deliver on its strategy and vision. Caledonia's enduring capital approach has allowed us to focus on what is right for 7IM, our colleagues and, most importantly, our clients. We are now well positioned for our next phase of growth, and I am excited about our new partnership with OTPP, who are deeply supportive of the team and the firm's strategy. With OTPP's support, we look forward to starting a new chapter in 7IM's history and accelerating our growth to cement our position as one of the leading vertically integrated wealth managers in the UK which encompasses an award-winning platform and leading multi-asset investment management capabilities," Dean Proctor, 7IM CEO.