Gresham House has agreed to acquire a majority interest in Molpus Woodlands Group, creating a forestry investment platform with about $8bn in assets under management. The transaction marks Gresham House’s first corporate acquisition in the US. Financial terms were not disclosed and completion remains subject to regulatory approvals. Gresham House manages roughly $5bn in forestry assets, while Molpus Woodlands Group oversees around $3bn. The combined business will operate across the UK, Ireland, the US, Australia and New Zealand, managing more than 2.2mn acres of forest land. Molpus, based in Mississippi, will retain its brand and ...