ECOFIN GLOBAL UTILITIES AND
INFRASTRUCTURE TRUST PLC ('EGL')
LEI: 2138005JQTYKU92QOF30
Redwheel Acquisition of Ecofin
The board of Ecofin Global Utilities
and Infrastructure Trust plc notes the
recent announcement of the purchase of Ecofin, our Investment
Manager, by Redwheel, a UK-based specialist investment manager.
Redwheel is purchasing the assets of Ecofin in a transaction which
is expected to complete by 30 September 2024. The Ecofin brand will
be preserved.
Redwheel was established in 2000 and
is home to investment teams specialising in Sustainable &
Thematic Equities, Active Engagement, Emerging Markets, Value &
Income and Convertible Bonds, with $17.6 bn (as at 30 June 2024) in
assets under management, including the LSE-listed Temple Bar
Investment Trust Plc.
On behalf of the board, David
Simpson, chairman, said
"We welcome the expertise and
resources which Redwheel will offer to Ecofin and EGL. We are
pleased that EGL's portfolio manager, Jean-Hugues de Lamaze, and
the rest of Ecofin's investment team will all transfer to Redwheel.
The strategy and investment process for EGL will remain
unchanged."
For further information, please
contact:
For Ecofin:
Michael Hart
mhart@ecofininvest.com
tel: 07815 061 420
For the board:
Faith Pengelly
For and on behalf of
Apex Fund Administration Services
(UK) Limited
Company Secretary
cosec-uk@apexgroup.com
12 July 2024
Notes to Editors
About Redwheel
Redwheel is a specialist, independent
investment manager with an active investment heritage built on a
foundation of innovation, original thought, and high conviction.
The business was established in 2000 with the ambition to create an
environment in which exceptional fund managers can operate with a
high degree of investment autonomy and maximise the benefits of
their skills over the long-term. The seven investment teams
specialise in Sustainable & Thematic Equities, Active
Engagement, Emerging Markets, Value & Income and Convertible
Bonds. A total of $17.6.bn (as at 30th June 2024) is managed across
these strategies on behalf of clients who include some of the
foremost global institutions and advisors.
With more than 170 people, including
59 dedicated investment professionals, Redwheel has offices in
London, Copenhagen, Miami, and Singapore.
For additional information, please
visit www.redwheel.com
About Ecofin
Ecofin is an investment firm with an
environmental focus, principally investing in global companies
focused on electrification, decarbonisation, and sustainable
infrastructure. The firm manages global equity thematic strategies
with the aim to deliver strong risk-adjusted returns to clients,
who include leading institutions, family offices, foundations, and
investment advisors, while investing to help solve some of the
planet's biggest challenges.
Ecofin, headquartered in London, has
employees based in both the UK and North America.
For additional information, please
visit www.ecofininvest.com
About Ecofin Global Utilities and Infrastructure Trust
plc
Ecofin Global Utilities and
Infrastructure Trust plc is an authorised UK investment trust whose
objectives are to achieve a high, secure dividend yield on a
portfolio invested primarily in the equities of utility and
infrastructure companies in developed countries
and long-term
growth in
the capital
value of
the portfolio
while preserving shareholders' capital
in adverse
market conditions.
For additional information, please
visit www.ecofininvest/egl.com