We are pleased to announce the acquisition of the trade and assets of WHEB Asset Management LLP (“WHEB”). WHEB is a leader in impact investing, managing five funds across a single global mid-cap equity strategy that invests in listed companies whose products and services provide solutions to key sustainability challenges. All three WHEB partners will become employees at Foresight with the team continuing to manage WHEB’s investment strategies as a fully integrated part of Foresight Capital Management (FCM). Their extensive experience in impact investing will bring valuable insights and expertise to Foresight. The deal will increase Foresight Group’s assets under management by approximately £800m, with assets covering the UK, Ireland and Australia. Bernard Fairman, Executive Chairman of Foresight Group, commented: “We continue to pursue opportunities to support business growth, and today's announcement is a prime example of our proactive management. The FCM transactions further diversify our product offerings, bring significant investment experience and add scale to the division.” To read the full RNS, please click here: https://lnkd.in/eW9fZXCc To find out more about Foresight’s public market funds, please click here: https://lnkd.in/ehUCumtJ #Acquisition #ImpactInvesting #BusinessGrowth
Congrats on this acquisition, and congrats to Rob Wylie and Kim for being so visionary in building such an innovative impact investing platform.
Board Member/CFO/Entrepeneurship and Innovation Ecosystem builder/Angel investor Tech, Aviation,Portfolio Management
2moCongratulations. Great developments