M&G plc (“M&G”), the international savings and investments business, has completed the acquisition of Swiss-based responsAbility Investments AG (“responsAbility”), a leader in impact investing, focused on private debt and private equity across emerging markets with approximately USD 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, comments: “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.”
Jack Daniels, Chief Investment Officer of M&G, says: “responsAbility brings leading capabilities in impact investment to M&G, which will help us accelerate our ambition to place sustainability at the heart of our investment process. The combination of responsAbility's specialist capabilities and our scale, investment breadth and global distribution reach represents a very powerful proposition in an area where we are seeing strong and growing client demand.”
Rochus Mommartz, Chief Executive Officer of responsAbility, says: “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.”