Impax Asset Management completed the acquisition of the European assets from SKY Harbor Capital.

Impax Asset Management, a specialist asset manager, completed the acquisition of the European assets from SKY Harbor Capital, an investment management firm. Financial terms were not disclosed. "This transaction marks an important milestone in our strategy to expand Impax's fixed income capabilities globally. Both founder-led specialist asset managers, SKY Harbor and Impax share a strong business culture and a complementary investment approach. The addition of SKY Harbor's deep expertise and track record in high yield investing and its team's experience in client service fit well with those brought by the Absalon team and will be a significant asset as we broaden our fixed income offering. We are looking forward to offering SKY Harbor and Impax clients alike a wider range of investment solutions dedicated to investing in the opportunities and managing the risks associated with the transition to a more sustainable economy," Ian Simm, Impax Asset Management Founder and CEO.