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July 16, 2019

MJ Hudson bolsters ESG capabilities with Spring Associates acquisition

London-based asset management consultancy MJ Hudson has bought Spring Associates Responsible Investment Service, an Amsterdam-based ESG consultant.

Financial terms of the transaction were not divulged.

MJ Hudson is already active in the ESG space though the deal marks its debut purchase in the industry.

The merged group will operate under the name MJ Hudson Spring.

Spring Associates serves private equity fund managers and institutional investors.

Its senior executive team will be retained.

As part of the deal, the firm’s 10-member team of professionals, support staff and clients will join MJ Hudson Spring.

MJ Hudson CEO Matthew Hudson said: “In the early years of ESG and impact investing, investors at all levels were content for funds to create their own narrative.

“Prompted by grassroots pressure and the attendant prospect of enhanced regulation, we believe that the next phase calls for more independent and consistent analysis of ESG factors within a framework that can assess the depth to which it has been internalised. The era of so-called “greenwashing” is at an end, and the Spring team saw it coming.

“From our first contact, we were immediately impressed with the quality of Spring’s analysis framework and outputs, and are excited to welcome the team’s blend of deep research capability and management consultancy skills into our business.”

In a separate expansion drive, MJ Hudson recently set up a new office in Milan, Italy.

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