WHEB Asset Management Acquired by Foresight Group
Deal News | Jan 29, 2025 | EIN
WHEB Asset Management, a leading impact investor with a focus on listed equities, has been acquired by Foresight Group Holdings. Foresight, an investment manager headquartered in London, is known for providing investment solutions aimed at reducing carbon emissions, improving social infrastructure, and supporting business growth. The acquisition will see WHEB's three partners become employees within Foresight, with WHEB operating as an integral part of Foresight Capital Management. This integration will significantly increase the assets managed by Foresight’s Capital Management division, allowing it to offer a broader range of impact investment products. WHEB’s flagship fund was the first to receive a Sustainability Impact label under the UK’s Financial Conduct Authority’s new Sustainability Disclosure Requirements. Both companies view this acquisition as a strategic move to strengthen their positions in impact investing within the UK and globally.
Sectors
- Wealth Management
- Impact Investing
Geography
- United Kingdom – Both WHEB Asset Management and Foresight Group Holdings are headquartered in the UK, which is significant in the context of the acquisition.
Industry
- Wealth Management – The acquisition involves companies in the wealth management sector, focusing on impact investment strategies.
- Impact Investing – Both WHEB Asset Management and Foresight Group Holdings are involved in impact investing, which aims to produce social and environmental benefits alongside financial returns.
Financials
- – The financial details of the acquisition, such as deal price or any related valuations, were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| WHEB Asset Management | Target | Company | WHEB is a provider of impact investment strategies focused on listed equities. |
| Foresight Group Holdings | Bidding Company | Company | Foresight is an investment manager providing listed and private investment solutions, focused on reducing carbon emissions and enhancing social infrastructure. |
| George Latham | Managing Partner | Person | George Latham is the managing partner at WHEB Asset Management. |
| Nick Scullion | Partner, Head of Foresight Capital Management | Person | Nick Scullion is the partner and head of Foresight Capital Management. |