Caledonia Investments swoops in for tyre company DTM with £55m majority stake Investing Investment trust Caledonia has bought a majority stake in Direct Tyre Management (DTM) for £55m, meaning it now owns the entire firm. DTM, which provides outsourced tyre management services to fleet operators, has reinvested alongside Caledonia to acquire 100 per cent of the business from investors including Palatine Private Equity. Blackpool-based DTM has delivered year-on-year [...]
Good news for London’s property market as US investment rebounds property Significant deals have included MCR Hotels' £275mn purchase of the BT Tower in central London and Elliott Management and Oval Real Estate's £300mn acquisition in the West End.