By Anthony O. Goriainoff
M&G PLC said Thursday that it has agreed to acquire a majority stake in responsAbility Investments AG for an undisclosed amount.
The London-listed investment management company said the acquisition of the company–which deals in impact investing focusing on private debt and private equity–is in line with its strategy to expand its sustainable-investment capabilities. It will also expand its international presence and private asset-origination capabilities, the company said.
M&G said that it has agreed to acquire around 90% of responsAbility’s issued share capital, and that it expects to acquire the remaining 10% in due course.
The company said responsAbility will remain based in Zurich and retain its brand identity.
“There is strong and growing demand for impact and sustainable investment products from our clients. The combination of responsAbility’s specialist capabilities in this area and our scale, investment breadth and global distribution reach represents a very powerful proposition,” the company said.
Write to Anthony O. Goriainoff at [email protected]
Source: https://www.marketwatch.com/story/m-g-to-acquire-responsability-investments-271643269225