MJ Hudson, an asset management consultancy, has acquired Spring Associates Responsible Investment Service, an ESG (environmental, social and governance) consultancy and reporting business, based in Amsterdam.
This acquisition follows MJ Hudson's establishment, in January, of a legal practice in Milan, and the acquisition of North American and European data & analytics and benchmarking specialist, Amaces, in December.
The deal is MJ Hudson's first acquisition in the ESG sector, although it has been advising its clients on ESG factors for a number of years and recently produced a widely read guide on implementing ESG policies in private equity.
The acquisition of the Amsterdam-based ESG business also provides the firm with another operating base in one of Europe and the EU's key asset management centres.
MJ Hudson Spring will continue to help fund managers integrate ESG into their investment processes, and support their portfolio companies by identifying and monitoring ESG risks and opportunities for value creation. The team also supports institutional investors in a number of ways, including analysing, monitoring and reporting on ESG risks in their own fund portfolios.