Foresight Group, which manages £2.6bn of assets including VCTs and EISs, is understood to be up for sale.
The Sunday Times reports that founders Bernard Fairman and Peter English, chairman and partner respectively, have appointed investment bank Lazard to handle the deal. They are set to reap hundreds of millions from the sale, after founding Foresight in 1984 with £20m from merchant bank Robert Fleming, following their departure from investment firm 3i. According to The Sunday Times, it is unclear whether Foresight will be sold as a whole or broken up. Foresight offers a range of tax advantaged and other funds to private investors, including venture capital trusts (VCTs), enterprise i...
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