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Foresight Group

From Wikipedia, the free encyclopedia

Foresight Group Holdings plc
Company typePublic
LSEFSG
IndustryFinancial services
Founded1984
HeadquartersLondon, England
Key people
Bernard Fairman (Executive Chairman)
RevenueIncrease £119.2 million (2023)[1]
Increase £42.2 million (2023)[1]
Increase £23.6 million (2023)[1]
Websitewww.foresightgroup.eu

Foresight Group Holdings plc is a British private equity and venture capital business focussed on clean energy generation and associated infrastructure. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History

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The company was founded by Bernard Fairman and Peter English in 1984.[3] They initially raised £20 million in venture capital.[4] The company subsequently built up a regional presence with offices in Edinburgh, Cambridge, Manchester, Milton Keynes, Leicester, Nottingham, and Dublin.[5]

The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £455 million, in April 2021.[6] In August 2023, having already established funds dedicated to other parts of the UK, it announced that it had raised £90m for a fund dedicated to the North East of England.[7][8][9]

Operations

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The company had £12.2 billion of assets under management as at 31 March 2023.[1]

References

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  1. ^ a b c d "Annual Report 2023" (PDF). Foresight Group Holdings. Retrieved 23 August 2023.
  2. ^ "FTSE UK Index Series Quarterly Review September 2023". FTSE Russell. 30 August 2023. Retrieved 15 September 2023.
  3. ^ "No regrets, but what do you expect in a company called Foresight?". The Times. 3 June 2023. Retrieved 23 August 2023.
  4. ^ "Foresight Group". Investment Week. Retrieved 23 August 2023.
  5. ^ "Foresight Group set to provide jobs boost for Yorkshire as it supports fast growing companies". Yorkshire Post. 21 September 2022. Retrieved 23 August 2023.
  6. ^ "Investment manager floats in £455m IPO". FT Advisor. 4 February 2021. Retrieved 23 August 2023.
  7. ^ "Foresight Group closes £20m North East SME fund". UK Tech News. 18 April 2023. Retrieved 23 August 2023.
  8. ^ "Foresight Group makes £30m addition to North East fund thanks to pension funding backing". Business Live. 6 August 2023. Retrieved 23 August 2023.
  9. ^ "Foresight Group hits £90m for new UK regional fundraise". Alternative Assets. 7 August 2023. Retrieved 23 August 2023.
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