News

Foresight sells Camwood stake to management team to realise return of over 3x for investors

Russell Healey, partner of Foresight said:  “Our journey with Camwood has been an outstanding success.  Foresight has been delighted to have supported Camwood and its visionary management team in achieving such success for the company and in delivering such value to stakeholders.”

Foresight appointed by the Department of Business, Innovation and Skills to manage an initial £50m fund targeting green infrastructure projects in the UK.

This appointment is the second such mandate that Foresight has been awarded following a rigorous and competitive process. In spring 2011, Foresight was appointed to manage a similar fund which benefited from a cornerstone investment of £35 million from the London Green Fund, alongside a further £25million of institutional funds raised by Foresight to create the innovative Foresight Environmental Fund (FEF) with a remit to support the drive towards London becoming a world leading low carbon city.

Foresight raises over £30m for Infrastructure VCT Shares making it the largest single VCT fundraising of the 2011/12 tax year

Mr Currie commented: “Our innovative Infrastructure VCT Share class has been extremely popular with investors this year. Offering a target return of 130p over five years, and with the endorsement of Tax Efficient Review which granted it the highest ranking for VCTs this fundraising season, infrastructure is the asset class of the moment, with its combination of diversification, steady yield and capital preservation.”

Foresight Group makes £1.25m investment in Biofortuna Limited

Foresight’s £1.25m investment in Biofortuna is spread across three of Foresight’s family of market leading VCTs and represents 60% of the £2.1m fundraise for the company, with the balance put up by existing institutional investors (RSGF II, Catapult and MLEF), private investors and management. The new funds will enable the business to expand its manufacturing operations in line with sales growth, support applications for regulatory approvals, most notably in the US market, and broaden its product range to address companion diagnostics, antibody screening and disease identification.

Foresight boosts UK PV Solar portfolio to 16MW with acquisition of Somerset power plants

Ricardo Piñeiro, Investment Manager at Foresight, said: “We are delighted to have strengthened our UK portfolio with this latest acquisition which achieves economies of scale across our UK and European portfolio. Having raised more than £65m for the Foresight Solar VCT and Foresight Solar EIS in the past 15 months we will continue to add quality ground based PV assets to our portfolio.”

Foresight sells stake in Factory Media to Forward Internet Group

Subject to working capital adjustments, the transaction (including loan repayments) will realise c.£8.0m for Foresight funds, over two times cost of c.£3.8m. In addition, further consideration is held in escrow and, subject to various other conditions, a further c.£1m may be released to Foresight funds over the next two years.

Foresight Group sells stake in Autologic generating 3.4 times return for investors

Foresight invested £3.75m in Autologic in February 2009, on behalf of the Foresight VCT, Foresight 2 VCT, Foresight 3 VCT and Foresight 4 VCT. The secondary buyout by ISIS Equity Partners, together with a recapitalisation of the company completed in July 2011, has returned £12.7m in aggregate to the four funds, representing a return of 3.4 times the original investment.  Foresight is retaining a minority shareholding and loan position in the new company

Foresight contributes to groundbreaking report “Towards the Circular Economy” published by Ellen MacArthur Foundation

As well as the potential savings that the UK economy could make by re-evaluating the current waste infrastructure (estimated to be up to $697 million annually by keeping food waste out of British landfills), at its core, a circular economy aims to ‘design out’ waste. Products are designed for disassembly and reuse and a clear distinction is made between non-toxic consumables that can be safely returned to the biosphere and used as "food” and durables, such as engines or computers, that are designed for reuse from the start.

Foresight completes £4m MBI of plastics manufacturer and distributor Industrial Engineering Plastics

About IEP Industrial Engineering Plastics (IEP) was established in 1986 and is a leading provider of industrial plastics operating throughout the UK via distribution centres in Hampshire and the Midlands.   About Foresight Group LLP Foresight Group LLP ("Foresight”) is an independent alternative asset manager, which focuses primarily on investments in unquoted UK and European companies or projects and offers investors exclusive access to attractive income and growth opportunities.

Sale of Land Energy Bridgend Limited to funds managed by Foresight

Foresight recently successfully closed fundraisings for Foresight Solar VCT at £38m and Foresight Solar EIS at £27.5m and has launched a £30m fundraising for Infrastructure VCT Shares, which targets investments in the Secondary PFI, Onsite Energy (including Solar) and Energy Efficiency sectors.

Foresight Group appoints Sarah Cole as Head of Institutional Investor Relations