DC Advisory advises Caledonia Investments plc on its investment in Blue Diamond Garden Centres

Background

• Caledonia Investments plc is a FTSE 250-listed investment trust with net assets of over £3 billion. Its Private Capital division invests between £50 million and £150 million in businesses with strong market positions, attractive growth prospects, and high-quality management teams
• Founded in Guernsey in 1904, Blue Diamond is the UK’s leading garden center operator, with 54 centers across the UK and the Channel Islands
• Under the leadership of CEO Alan Roper, the business has transformed into a destination garden center group, delivering revenue and EBITDA CAGRs of 17% and 21%, respectively, since 2013, underpinned by acquisitions and operational improvements
  

Process

• DC Advisory was engaged by Caledonia Investments as the exclusive financial advisor on its minority investment in Blue Diamond
• DC Advisory leveraged its sector expertise and market intelligence to provide buy-side M&A services throughout the process
  

Outcome

• The transaction closed in July 2026
• Caledonia will initially invest approximately £60 million in Blue Diamond, with up to £40 million in additional capital made available over the next few years
• Through this transaction, Blue Diamond is well-positioned to pursue its next phase of growth, seize opportunities in the garden center sector, and deliver value to existing shareholders through providing additional liquidity
• This transaction strengthens DC Advisory's position as a leading advisor in the Consumer, Leisure & Retail sector and showcases its experience advising in the specialist retail space