13th Nov 2025 15:48
(Alliance News) - ICG Enterprise Trust PLC on Thursday announced the realisation of its investment in David Lloyd.
The investor in private companies, primarily in Europe and the US, said it initially invested alongside TDR Capital in 2013. It said the investment has delivered a 28% internal rate of return over the period.
The firm said the sale was completed in line with the last reported net asset value, and added that it has received cash proceeds of GBP20 million.
David Lloyd is an operator of health clubs and was ICG Enterprise's 10th largest company exposure at the end of July, representing 1.4% of the portfolio.
At the end of July, ICG Enterprise had total available liquidity of GBP187 million and a gearing ratio of 5%.
Pro forma from this announcement and the realisation of its largest portfolio company Froneri in October, ICG Enterprise said it would have total available liquidity of GBP243 million and a gearing ratio of 1%.
Shares in ICG Enterprise Trust were down 1.0% at 1,493.02 pence on Thursday afternoon in London.
By Michael Hennessey, Alliance News reporter
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