Foresight Group acquires WHEB Asset Management

Under the deal, WHEB will be fully integrated into Foresight Capital Management (FCM), which will more than double its assets under management following completion. All three of WHEB's partners will become employees of Foresight and the WHEB team will continue to manage the firm's investment strategies. The deal's structure will see Foresight pay a 50% consideration upfront, a 50% deferred consideration, as well as a management performance entitlement payable in cash over three years, subject to certain performance targets. Through the acquisition, FCM will also foray into the Aust...