Deals Of The Day: The Latest In Wealth Management M&A – M&G, responsAbility

Editorial Staff

31 January 2022

M&G, responsibility Investments
UK-based , overseeing £370 billion ($495.8 billion) of assets as of 30 June last year, has agreed to buy about 90 per cent of , a Swiss impact investing firm concentrating on private debt and private equity across emerging markets.

The Zurich-based business has invested more than $11 billion in private assets across emerging markets since it was founded in 2003. It has about $3.7 billion of assets under management (as at year end 2021).

M&G said the move is in line with its strategy to grow its sustainable investment capabilities and become a “leader in impact investing.”

"This acquisition strengthens M&G's position in the rapidly growing market for sustainable investments, especially in the exciting area of emerging markets. It also accelerates the growth of our private assets franchise and augments our European institutional distribution,” John Foley, chief executive of M&G, said.

Under the terms of the transaction, which is subject to regulatory approval, M&G has agreed to acquire about 90 per cent of the issued share capital of responsAbility, and expects to acquire the remaining 10 per cent in due course. responsAbility's 200 employees will join M&G when the deal is complete. The business will remain based in Zurich where it will continue to serve its clients and portfolio companies across more than 70 emerging markets from its eight offices. The firm will continue under the day-to-day management of its existing team, led by CEO Rochus Mommartz.