Renewables investor Foresight Group mulls IPO on LSE

Foresight Group expects to qualify for the LSE's Green Economy Mark

Renewables investor Foresight Group said it intends to publish a registration document and is considering proceeding with an initial public offering (IPO) on the London Stock Exchange.

Foresight Group executive chairman and co-founder Bernard Fairman said the company’s significant recent growth and consistently strong performance, together with the many highly attractive opportunities that are opening up across its markets, make listing the company on the LSE the logical next step.

Fairman said: As one of Europe’s most established renewable energy and infrastructure investors, Foresight is extremely well-positioned to benefit from the accelerating global stimulus to the renewable energy and infrastructure markets and the huge boost it will provide to green energy investment.

An IPO of Foresight will support our growth strategy which involves developing our existing platform, making further acquisitions, and expanding and diversifying both geographically and into new areas of sustainable investment, he said.

Foresight Group said it expects to qualify for the LSE's Green Economy Mark on its admission to the Main Market.

The Green Economy Mark recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.

The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell.

Foresight Group also operates from 12 offices in the UK, Guernsey, Italy, Spain, Australia and Luxembourg.

Its international offices and London office focus on renewable energy and infrastructure investment, while its UK offices, including London, focus on private equity investment.

As of 30 September 2020, Foresight Group had AuM of approximately £6.8bn and managed 292 infrastructure assets and 104 private equity investments on behalf of 33 Foresight investment vehicles.