MJ Hudson buys Amsterdam-based ESG consultancy
London-based asset management consultancy MJ Hudson has acquired Spring Associates Responsible Investment Service, a Dutch environmental, social and governance (ESG) consultancy and reporting business.
This acquisition will provide the firm with another operating base in Europe, following its recent establishment of a legal practice in Milan in January 2019, branded MJ Hudson Alma.
The deal is MJ Hudson's first acquisition in the ESG sector, although the firm has been advising its clients on ESG factors for a number of years and recently produced a guide on implementing ESG policies in private equity.
Active since 2005, Spring Associates works with fund managers to help them integrate ESG into their investment processes and support their portfolio companies. It does this by identifying and monitoring ESG risks and opportunities for value creation.
Spring Associates' client base – consisting of private equity fund managers and institutional investors – as well as a team of 10 professionals, plus certain support staff, will transition to MJ Hudson Spring.
The senior executive team will remain in position and the business will trade under the MJ Hudson Spring brand.
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