FORESIGHT 4 VCT PLC - Foresight Group

PART IV
THE INVESTMENT MANAGER
Foresight Group
Foresight is an alternative asset manager and, together with Foresight GP, has a 26 year track record
and specific expertise in VCT management and private equity. The team has over 200 years of collective
investment experience and combines investors’ capital and its own hands-on expertise with the intention
of creating long-term value and generating attractive returns for shareholders. The Foresight Group
offers both private and institutional investors access to a range of investment opportunities and a
comprehensive management service in its chosen areas of specialisation.
Members of the Foresight Group team take non-executive positions on the boards of investee
companies where this is appropriate. Foresight Group expects to be central to decision-making in the
following areas:
. definition and review of strategy and its implementation
. recruitment and incentivisation of key management and board members
. fundraising from banks and other external sources
. mergers, acquisitions and exits
The Foresight Group has taken a lead or sole investor role in the majority of its VCT investments and
intends to continue this approach in making future investments for the Company.
The Team at Foresight Group
Bernard Fairman
Is the chairman of the Foresight Group, studied economics at Nottingham University before joining
Panmure Gordon in 1970 as an oil analyst. In 1973 he joined Edward Bates, a specialist investment
bank. On leaving in 1976 he gained investment experience at various small oil and electronics
companies. He joined 3i Ventures in 1981 and co-founded Foresight GP in 1984. He is a former director
of Foresight 4, as well as Foresight VCT plc and Foresight 2 VCT plc.
Peter English
Has worked in a variety of engineering and marketing management roles in the UK and USA. His
experience includes telecommunications (Nortel) and semiconductors (GEC Semiconductors). He
joined 3i Ventures in 1982 and co-founded Foresight GP in 1984, where he continues to work part-time.
David Hughes
Joined 3i as an investment executive in 1974. While there, he qualified as a certified accountant and
became a director of 3i Corporate Finance. He joined Framlington Group in 1993 to establish and
manage an investment trust investing in smaller quoted companies and in 1997 was recruited by Bank
Austria AG to develop its private equity activities. He joined Advent’s VCT team in September 2001 and,
following Foresight GP’s acquisition of Advent Fund Managers Limited, he was appointed a partner of
Foresight GP in July 2004.
Donald Maclennan
Joined Foresight GP as a partner in April 2001. He is a member of the Investment Committee and leads
Foresight GP’s management buy-out and growth capital activity. Donald is a chartered accountant and
has more than 30 years of private equity experience. He has worked with 3i, NatWest Equity Partners
(now Bridgepoint Capital) and Close Ventures (now Albion Ventures).
Andrew Page
Studied engineering at Nottingham University before joining Unilever’s management programme in
1991. He joined Ascot plc in 1996 and held a management role within a £25 million turnover chemical
manufacturing subsidiary before joining 3i in August 2000. He joined Advent’s VCT team in September
2003. He joined Foresight GP in July 2004 as an investment manager, following Foresight GP’s
acquisition of Advent Fund Managers Limited and was appointed a partner in September 2005.
36