|
Foresight Group Holdings Ltd - Guernsey-based infrastructure and private equity investment manager completes the acquisition of London-based investment firm Downing LLP's non-healthcare venture businesses.
In June, Foresight announced it bought the technology ventures division with Downing LLP, as well as the management of Downing's venture capital trusts and the Enterprise Investment Scheme for an initial £13.6 million. The businesses are namely Downing One VCT PLC, and Downing Four VCT PLC. Downing One notes that its investment services agreement has been changed to Foresight from Downing. Meanwhile, Downing Four states its investment management agreement has been changed to Foresight from Downing.
The acquisition is expected to increase Foresight's VCT net asset value to £542 million, as well as private equity assets under management to £1.2 billion.
Current Foresight Group Holdings stock price: 390.50 pence
12-month change: up 4.8%
Current Downing One VCT stock price: 55.00p
12-month change: down 4.8%
Current Downing Four VCT stock price: 4.00p
12-month change: down from 900p
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
