Foresight supports fund launch with further expansion of Private Equity team

Foresight Group ("Foresight”), a leading independent infrastructure and private equity investment manager, has appointed Rodney Appiah as Senior Investment Manager, and promoted Chris Wardle to Investment Manager in its Private Equity team.

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Rodney, who was recently announced as a "Rising Star” finalist at the annual Black British Business Awards, joins Foresight from the Business Growth Fund, where he helped deliver the firm’s first investment post launch and first full exit to trade following the £114 million sale of Unruly Media to News Corp in 2015. After graduating from Royal Holloway with a BSc in Economics, Rodney joined Merrill Lynch where, over a five year period, he closed more than 15 transactions ranging from $50 million to $1.2 billion in size.

Chris Wardle’s promotion to Investment Manager follows his contribution to various transactions in the Private Equity team, including the recently completed MBO of Agar Scientific.  Chris joined Foresight in 2014 from Accenture’s M&A practice, where he managed pre-deal due diligence and post-deal corporate strategy project for private equity, consumer goods, and technology clients.

Foresight’s Private Equity team has seen rapid growth this year following the launch of the Foresight Regional Investment Fund, which recently completed its first investment with a £2.75 million investment in the BIMBO of gardens and landscapes business Euxton Group, and the opening of its regional office in Manchester. Foresight now has a UK presence in London, Nottingham, and Manchester.

Russell Healey, Partner, Foresight commented:

"We’re very pleased to welcome Rodney to our team. Rodney’s skills and the extensive industry contacts he has gained from previous roles will be an asset to the Group.

"I’m also happy to announce Chris’ promotion to Investment Manager. Chris has contributed strongly to both deal origination and portfolio management over the past couple of years at Foresight.”

 Rodney Appiah, Senior Investment Manager, Foresight commented:

"It is an exciting time to join Foresight’s Private Equity team and have the opportunity to work more closely with the UK’s most dynamic businesses. I’ve admired Foresight’s focus on entrepreneurial, fast growing businesses for some time and look forward to contributing to its continued success.”  

Chris Wardle, Investment Manager, Foresight added:

"We have a great team at Foresight and it is a pleasure to work with the management teams who drive the continued success of our portfolio. It’s great to be supporting some of the UK’s most exciting SMEs.”

 

ENDS

 

For more information contact:

Annabel Arrowsmith, Foresight Group Marketing Manager aarrowsmith@foresightgroup.eu / 020 3667 8179

Notes to editors:

About Foresight Group LLP ("Foresight”):

Foresight is a leading independent infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for more than 30 years. Foresight has some £1.9 billion of Assets under Management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).

 Foresight’s Private Equity team, comprising fifteen investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs. www.foresightgroup.eu

 

About Foresight Regional Investment Fund ("FRIF”):

The Foresight Regional Investment Fund was launched in January 2016 to invest up to £5 million of equity into UK Growth SMEs, targeting established profitable businesses with strong management teams across a broad range of sectors. The Fund is targeting companies based in the North West of England, North East Wales and South Yorkshire. The fund has a flexible investment mandate in terms of deal type investing in MBOSs, MBIs Equity Release and Growth Capital transactions.

The Fund achieved first close at £38 million in January of this year, and the Fund is targeting final close of £60 million.

The Fund is Foresight Private Equity’s second institutionally backed, commercially focused regional fund following the Foresight Nottingham Fund, a £40 million fund to invest in businesses in Nottinghamshire.