RARE ALERT: Caledonia Investments said to ...

The private equity arm of Caledonia Investments, the FTSE 250-listed investment trust, is said to be one of the companies in talks to buy privately-owned AIR-serv, which is being spun out of CSC Service Works Inc.

People following the situation said Caledonia's private capital arm is competing in an auction for AIR-serv with several other private equity firms, such as Exponent...