Acquisition of responsAbility Investments completed
M&G plc, the international savings and investments business, has completed the acquisition of Swiss-based responsAbility Investments AG, a leader in impact investing, focused on private debt and private equity across emerging markets with approximately $3.7 billion in assets under management (as at 31 December 2021).
M&G has reached agreement to acquire 100% of the issued share capital of responsAbility. The acquisition, which has secured regulatory approval, enhances M&G’s capabilities in impact investing. It also expands and strengthens M&G’s international footprint, adding an investment hub in Zurich, and offices in new markets, enhancing M&G’s existing asset origination capabilities.
As part of the M&G plc group, responsAbility continues to serve its clients and portfolio companies across more than 70 emerging markets under the leadership of chief executive officer Rochus Mommartz, supported by his team of approximately 200 employees. Will Nicoll, M&G’s chief investment officer, private and alternative assets, becomes chair of responsAbility’s board.
John Foley, chief executive of M&G commented, “We are delighted to welcome responsAbility to M&G and look forward to working with the team to develop the huge potential this acquisition offers us in the fast-growing market for sustainable and impact investments.”
Rochus Mommartz, chief executive officer of responsAbility added, “M&G is committed to our core impact investing purpose and to our innovative spirit. By leveraging their powerful partnership, we will be able to accelerate our most pioneering projects, whether it be helping to drive the transition to Net Zero emissions, finding solutions to invest in sustainable food or increasing access to finance through the latest developments in fintech.”
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