News

Process Technologies - Investment for Jenson Seed EIS FUnd

The Jenson Seed EIS Fund is an exciting joint venture between the professional services firm Jenson Solutions and the fund manager Foresight Group. Further information about Seed EIS and the Jenson Seed EIS Fund is available by contacting us on 020 7873 2122 or SEIS@jensonsolutions.com or, alternatively, look at the website at www.jensonseedeis.com

UK Green Investment Bank and Foresight Group forge investment consortium to construct £47.8m renewable energy plant in Birmingham

"As the UK works towards its targets to generate more power from green sources, it’s important that we bring on new technologies. I’m pleased the Green Investment Bank has been able to support the first gasification plant of its kind in the UK and hope it offers a positive demonstration effect that others will follow.

Foresight Group assets under management exceed £1 billion

In July, Foresight invested £20m from its UK Waste Resources and Energy Investments (UKWREI) fund, corner stoned by GIB, in the £81m 15.8MWe Evermore CHP (Combined Heat and Power) plant, to be built in Derry Londonderry port and expected to be operational in 2015, which, over its lifetime will divert more than 2 million tonnes of wood from landfill, save 3.7 million tonnes of CO2e emissions and produce enough electricity to support the equivalent of 25,000 homes. The Evermore plant will be the largest renewable energy plant in the region increasing renewable electricity generation in Northern Ireland by around 10%.

Foresight Group and NVM Private Equity exit Alaric Systems in sale to NCR Corporation

NVM first supported Alaric’s Mike Alford (Managing Director) and Peter Parke (Director) in 2000 with an investment of £2.3 million at an early stage of development when it was apparent that Alaric’s solutions had significant potential, when payment volumes were growing and fraud was becoming an ever growing burden on the financial industry. The company was developing an innovative new Java product suite based on the latest technologies to meet a growing demand for card authorisation/switching and fraud detection solutions. In 2002, Foresight joined NVM in subsequent funding rounds to support Alaric’s international growth strategy.

Foresight Group launches £40m Foresight Nottingham Fund

The Foresight Nottingham Fund has a generalist investment mandate and will seek to leverage the region’s expertise across three powerful emerging Nottingham sectors identified in the Growth Plan, namely Life Sciences, Digital Content and Clean Technology. In addition, Foresight will target investment opportunities in sectors including; specialist engineering and manufacturing, software development, high tech services, leisure, energy efficiency and smart metering, where Foresight has a strong track record of achieving investee company growth and delivering exceptional returns to investors.

Foresight Nottingham Fund supports the £1.75 million Management Buy Out (“MBO”) of Positive Outcomes Ltd

In addition, the business, which is currently based in South Normanton, Derbyshire will be relocating back to Nottinghamshire, where the company was originally founded, as a condition of the Fund’s investment, bringing 100 jobs to the region and many more thereafter as the company grows and thrives.

Peekabu Studios Ltd – Investment for Jenson Seed EIS Fund

Peekabu have built an API that can turn an ordinary laptop into a novel recognition and motion control experience, can turn toys into controllers, and pictures into passwords. Their strength is based in an audience hungry for new technologies that make sense for their lives. Peekabu build for real applications, real environments and real people. That’s what makes this a technology, and a company, that will sit at the heart of these new experiences.

Launch of Foresight Nottingham Fund at Nottingham Castle

Evance established as clear leader with 50 percent share of small wind turbine market

"Last year we installed half of the total sold nationally - 1 in every 2 turbines were Evance R9000s!” commented Kevin Parslow, CEO of Evance Wind Turbines. "One of the key reasons that we succeeded in growing our market share from 33% to 50% last year is the sheer range of customers for whom our R9000 turbine appeals.”

Foresight Group opens for business in Nottingham's Creative Quarter

Councillor Nick McDonald, Portfolio holder for Jobs and Growth at Nottingham City Council said: "Securing this £40 million investment is a real coup for Nottingham and has involved a lot of hard of work on the part of Foresight Group and the City Council. This Nottingham investment fund has been developed to enable us to realise the potential of those start-up and established businesses in the city looking to grow and create jobs. We will be working closely with the team at Foresight over the next few years to maximise the potential of this fund for the local economy. The Fund will make a huge difference to the attractiveness of Nottingham as a place to do business, and will create a substantial number of jobs locally.”

Foresight invests £2.5 million for a minority stake in Stockport-based fire suppression and air conditioning firm Fire and Air Services Limited

Andrew Shannon, Senior Investment Manager at Foresight commented "We are looking forward to working with the management team at FAS, accelerating the growth of this dynamic business which has proved its strong growth potential in the recent challenging market conditions.  This transaction continues to build the deal flow momentum at Foresight following recent investments in Aerospace Tooling and Procam.” FAS were advised by Rebecca Grisewood at Gateleys Manchester and Graham Norfolk of Acorn Capital Partners. Financial DD was provided by BDO LLP and commercial DD was provided by CIL.  Graham Norfolk joins the board of FAS having previously been a director of two Foresight businesses.

The UK's first recycling facility for shopping bags and plastic films

PlasRecycle’s new high tech plant will also create 32 jobs, a useful boost to the local economy in Woolwich, South East London. The plant should be fully operational in 4th quarter 2013 and is sourcing feedstock from waste companies and retailers. The plant can process 20,000 tonnes per year of used plastic films, to produce a clean plastic granulate with multiple uses including in the manufacture of new black sacks and carrier bags.