REG - Foresight Group Hldg - Foresight adds over £800 million to Group AUM

Foresight groupAnnouncement

28/01/2025 07:00

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RNS Number : 9332U  Foresight Group Holdings Limited  28 January 2025

LEI: 213800NNT42FFIZB1T09

28 January 2025

 

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. FOR IMMEDIATE RELEASE

 

 

Foresight adds over £800 million to Group AUM

 

Foresight Group Holdings Limited ("Foresight", the "Group") is a leading
investment manager offering institutional and retail investors a diverse range
of listed and private investment solutions in real assets located in the UK,
Europe and Australia, and growth capital for businesses across the UK and
Ireland.

 

The Group is pleased to announce the:

 

1.    Acquisition of the trade and assets of WHEB Asset Management LLP
("WHEB", the "Acquisition")

2.    Appointment as sub-investment manager and sub-distributor for the
Liontrust Diversified Real Assets Fund

3.    Raising of new additional institutional funds into Foresight Natural
Capital Ltd ("FNC")

 

Combined, this activity has increased Group Assets Under Management ("AUM") by
over £800 million, primarily driven by the Acquisition.

 

1.    Acquisition of the trade and assets of WHEB

 

Headquartered in London, WHEB is a leader in impact investing, managing a
single global mid-cap equity strategy that invests in listed companies whose
products and services provide solutions to key sustainability challenges.
WHEB's key employees, including the management team, will join Foresight and
be integrated into the Foresight Capital Management ("FCM") division. The fund
manager and investment team will retain their existing responsibilities and
continue to be based in London. The Acquisition will reinforce FCM's position
as a leader in impact investing in public markets, represents FCM's entry to
the Australian market via WHEB's joint venture with Pengana Capital Group,
unlocks distribution synergies, and supports product and customer
diversification of the division.

 

The Acquisition is anticipated to be immediately accretive to core EBITDA pre
SBP. The Acquisition is structured with 50% upfront consideration, 50%
deferred consideration and a management performance entitlement payable in
cash over a three-year period, subject to certain performance targets. The
Acquisition is structured to align incentives and will be funded from existing
cash resources, with completion expected in the first half of 2025.

 

2.    Appointment as sub-investment manager and sub-distributor for the
Liontrust Diversified Real Assets Fund

 

On 27 January 2025, Foresight was appointed sub-investment manager and
sub-distributor for the Liontrust Diversified Real Assets fund. This
appointment will become effective on 3 February 2025, with the fund manager
retaining his existing responsibilities and joining Foresight's FCM division,
bringing 18 years' investment management experience. The Fund is expected to
benefit from Foresight's distribution and investment capabilities over time.

 

3.    Fundraising in Foresight Natural Capital Ltd

 

FNC raised additional capital from two UK local government pension schemes
which doubles their existing positions. The new investment will be used to
expand the investment pipeline and provides a strong platform ahead of the
launch of our forthcoming European natural capital strategy.

 

Bernard Fairman, Executive Chairman of Foresight Group Holdings Limited,
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. We are also
pleased to see continued demand from institutional investors as we look to
leverage our substantial sector experience for our forthcoming European
natural capital strategy. In combination with recent retail fundraising, as
well as positive foreign exchange movements, this represents a strong start to
2025.

 

We reiterate our guidance to double core profitability over the five years to
FY29."

 

 Foresight Group Investors                            H-Advisors Maitland
 Liz Scorer / Ben McGrory                             Sam Cartwright / Genevieve Ryan
 +44 (0) 7966 966956 / +44 (0) 7443 821577            +44 (0) 782 725 4561 / +44 (0) 781 710 5562
 ir@foresightgroup.eu (mailto:ir@foresightgroup.eu)   Foresight@h-advisors.global (mailto:Foresight@h-advisors.global)

 

About Foresight Group Holdings Limited

Founded in 1984, Foresight is a leading investment manager in real assets and
capital for growth, operating across the UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive
investment opportunities at the forefront of change. Foresight actively builds
and grows investment solutions to support the energy transition, decarbonise
industry, enhance nature recovery and realise the economic potential of
ambitious companies.

A constituent of the FTSE 250 index, Foresight's diversified investment
strategies combine financial and operational skillsets to maximise asset value
and provide attractive returns to its investors. Its wide range of private and
public funds is complemented with a variety of investment solutions designed
for the retail market.

Foresight is united by a shared commitment to build a sustainable future and
grow thriving companies and economies.

Visit https://foresight.group (https://www.foresight.group/) for more
information.

Follow us on LinkedIn for key updates.

 

 

 

 

 

 

 

Disclaimer - Forward-looking statements

This announcement, prepared by Foresight Group Holdings Limited (the
"Company"), may contain forward-looking statements about the Company. Such
forward-looking statements can be identified by the use of forward-looking
terminology, including the terms "believes", "projects", "estimates", "plans",
"anticipates", "targets", "aims", "continues", "expects", "intends", "hopes",
"may", "will", "would", "could" or "should" or, in each case, their negative
or other various or comparable terminology. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and other factors which
are beyond the Company's control and are based on the Company's beliefs and
expectations about future events as of the date the statements are made. If
the assumptions on which the Company bases its forward-looking statements
change, actual results may differ from those expressed in such statements.
There are a number of factors that could cause actual results and developments
to differ materially from those expressed or implied by these forward-looking
statements, including those set out under "Principal Risks" in the Company's
annual report for the financial year ended 31 March 2024. The annual report
can be found on the Company's website (https://www.foresightgroup.eu/).
Forward-looking statements speak only as of the date they are made. Except as
required by applicable law and regulation, the Company undertakes no
obligation to update these forward-looking statements. Nothing in this
announcement should be construed as a profit forecast.

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