Foresight Group recently announced that it was buying most of Downing’s venture business, including two VCTS and EIS funds. To talk about this, this episode’s guests are Matt Smith, a long-standing Partner at Foresight, and Jack Eadie, who moved across with the Downing business.
After introducing the deal itself, we discuss some of the motivations for the transaction and where Foresight sees complementarity with its existing business. We also talk about how the integration will work, what effect there will be on day-to-day management and how these will affect investors. Finally, we touch on current market conditions and the outlook and how that may affect things going forward.
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Matt Smith is a Partner based in Foresight Group’s London office. Prior to Foresight, Matt worked at Rothschild. Matt holds a post graduate Diploma with distinction in Physiology and an MA in Biological Sciences, both from Oxford University.
Jack Eadie is a Managing Director based in Foresight Group’s London office. Prior to Foresight, Jack worked at Downing Ventures as a Partner, he also previously worked at venture funds Next 47 and Eight Roads Ventures. Jack holds a BSc in Economics from the University of Bath.
Disclaimer
Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments. Your capital is at risk. Past performance is not a reliable indicator of future performance. Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.
