M&G has acquired a majority stake in responsAbility Investments AG, an impact investor focused on private debt and private equity in emerging markets.

Headquartered in Zurich, responsAbility has invested more than USD 11 billion in private assets across emerging markets since it was founded in 2003. M&G has agreed to acquire approximately 90% of the issued share capital of responsAbility, and expects to acquire the remaining 10% in due course. The acquisition is subject to regulatory approval.

ResponsAbility’s 200 employees will join M&G on completion of the deal.

John Foley, Chief Executive of M&G, comments: “This acquisition strengthens M&G’s position in the rapidly growing market for sustainable investments, especially in the exciting area of emerging markets. It also accelerates the growth of our private assets franchise and augments our European institutional distribution.”

Reto Schnarwiler, Chairman of responsAbility, says: “By joining forces with M&G, responsAbility is even better equipped to make a meaningful contribution to sustainable development, the main reason why responsAbility was established in 2003.”