Foresight Group (“Foresight”), a leading alternative asset manager, is pleased to announce the appointment of Nigel Aitchison to the role of Industrial Partner.
Nigel’s focus will be on the environmental infrastructure and cleantech sector where Foresight has recently announced its fourth investment this year, backing Silvigen Ltd, a UK based producer and supplier of biomass fuels for use in the power industry.Nigel brings extensive operational experience in waste management and will broaden the existing industry expertise within Foresight.
“Combining operational experience from industry with financial skills has always been at the core of Foresight’s added value,” said Matt Taylor, partner at Foresight, “Nigel’s appointment extends our ability to drive the success of our portfolio companies as they look to roll-out local-scale infrastructure for renewable energy, waste diversion and recycling. We are looking forward to Nigel taking up his new role in September”.
Nigel has 18 years experience in the waste industry and was until 2008 a Director of Shanks Waste Management Limited. He is a Chartered Environmentalist and has held a variety of positions, not only in operations, but also in business development, particularly bidding for PFI contracts. He was instrumental in the successful bid for the East London Waste Authority PFI project and led the negotiations on key elements of this £1.5 billion contract. Nigel also led the Dumfries and Galloway PFI contract to financial close. He was appointed as a Director to all three of Shanks’ PFI project company boards and held full profit & loss responsibility for Shanks’ existing PFI portfolio, with a turnover of circa £45 million. Prior to joining Shanks, Nigel spent 10 years working for UK Waste, rising to a key role in regional management.
“Foresight has a clear vision of how to exploit the UK’s move towards increased use of renewable energy and more efficient recycling and waste management. What’s more, they’ve taken early positions in some very exciting companies. I am looking forward to building on this momentum,” said Nigel.
About Foresight Group
Foresight Group is a leading alternative asset manager focused on investing in European unquoted companies across a number of key sectors including environmental infrastructure and technology. Foresight Group currently manages around £180 million across a number of funds. These include The Foresight UK Sustainable Investment Fund, a £22.5 million EIS (Enterprise Investment Scheme) fund which focuses on investments in environmental infrastructure, and four Venture Capital Trusts (VCTs). Recent investments made by Foresight have included Closed Loop Recycling, the UK’s first recycler of waste plastic bottles back into food packaging material: O-Gen UK, which generates renewable electricity from biomass; Land Energy, a producer of wood pellets for sustainable heating in homes and schools; AWP Environmental, which plans to generate power from waste using an advanced gasification technology that reduces harmful emissions; Lynwood, which collects waste materials from manufacturers of a variety of plastic products and remoulds this into useful products. Its most recent investment is in Silvigen Ltd, a UK based producer and supplier of biomass fuels for use in the power industry. The company also has a significant investment in Iskra, a manufacturer of tree-sized wind turbines.