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July 17, 2020

SMFG to back ESG-focused Affirmative Investment Management

Japanese financial services company Sumitomo Mitsui Financial Group (SMFG) is looking to invest up to $25m in Affirmative Investment Management (AIM), a UK-based asset management firm.

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AIM focuses on fixed-income portfolios offering a positive environmental and social impact. The business managed $650m in assets at last year-end.

This will make SMFG Japan’s first lender to join forces with an expert in ESG bond investments, reported Reuters.

The Japanese lender plans to make an infusion of $20m in AIM.

It will make up to another $5m over the next few years. The addition investment will be based on the performance of AIM, according to the report.

Post deal completion, SMFG will own 24.9% of AIM’s total shares outstanding. SMFG will have a 4.9% interest in AIM in terms of voting rights.

None of the parties commented on the issue.

Last year, it was reported that SMFG will acquire British asset manager TT International, which focuses on emerging-market equities.

Nikkei reported that SMFG will pay around JPY20bn ($188m) as deal consideration for this acquisition.

However, it was reported that the deal’s value may increase up to JPY35bn after including performance-based compensation provisions.

Early in 2020, SMFG also announced an investment in alternative investment manager Ares Management.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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