Caledonia sells Sloane Club to Queensway and Clearbell

The sale brings to an end a 26-year tenure for the vendor, which initially invested in the company in 1991.

Caledonia wholly owned the business prior to the sale and has generated a return of £80.2m, with £3.2m received as a pre-sale distribution of trading profit. According to a statement, The Sloane Club's net assets were valued at £61.4m as of September 2017.

Under the vendor's tenure, the club has invested in upgrading its facilities and increasing the number of rooms available to members.

Following the deal, managing director Tony Murkett will remain in his role.

Company
Founded as The Service Women's Club for serving and former lady officers of the Armed Forces in World War II, The Sloane Club is a private members club in Chelsea, London. It started admitting men in the 1970s and has 130 bedrooms, dining services and spa facilities. The business generated pre-tax profits of £2.8m in the year ending in March 2017, according to a statement.

People
Caledonia Investments – Duncan Johnson (head of unquoted investments); Tim Lewis (investment director); Alex Mills (investment manager); Sally Flanagan (director).
The Sloane Club – Tony Murkett (managing director).

Advisers
Vendor – Catalyst Corporate Finance, Andy Currie (corporate finance); Savills, Gary Witham, Rob Stapleton (corporate finance); Taylor Wessing, Ed Waldron (legal).

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