11th Jun 2026 09:18
(Alliance News) - Foresight Group Holdings Ltd on Thursday said it has struck a deal to sell its public markets investment division, Foresight Capital Management, to London-based fund manager Guinness Global Investors.
Foresight is an investment manager, offering institutional and retail investors access to private and listed real assets in the UK, Europe and Australia and to small and medium enterprises in the UK and Ireland.
Foresight said the sale involves the transfer of all of FCM's funds, totalling around GBP1.0 billion in assets under management, 7% of group AUM as of March 31. No other financial details of the deal were revealed.
The sale helps "streamline" Foresight's operating model, it said, enabling a focus on its core real assets and private equity businesses.
FCM will be held within discontinued operations as part of the group's full-year results. Taking the disposal into account, the group is anticipated to meet its financial 2026 core earnings before interest, tax, depreciation and amortisation pre-share based payments consensus estimates.
In April, Foresight said it expects financial 2026 core Ebitda pre-share based payments to be in line with market expectations of GBP65.2 million to GBP70.2 million compared to GBP62.2 million the year prior. Foresight's financial year runs to the end of September.
Foresight launched the FCM division in 2017 with AUM growing to GBP1.6 billion by 2022.
"Today, however, the market opportunity has changed with ongoing challenges in this sector creating a need to operate at ever increasing scale, often through consolidation, in order to deliver attractive returns," Foresight said on Thursday.
"It is a consequence of these factors and a desire to rationalise our business, that has led to this disposal. Going forward, Foresight will focus on private markets, deploying long duration capital across our core Real Assets and Private Equity divisions, leveraging our competitive advantages and a history of strong investment performance."
Completion of the disposal is expected during the third quarter of 2026.
Shares in the company fell 0.5% to 432.50 pence each on Thursday.
By Jeremy Cutler, Alliance News reporter
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