24th Oct 2025 09:54
(Alliance News) - ICG Enterprise Trust PLC announced Friday the realisation of its largest portfolio company Froneri.
The investor in private companies, primarily in Europe and the US, said that cash proceeds of EUR41 million from the realisation were received.
ICGT said the realisation increased its liquidity to GBP223 million from GBP187 million at July 31.
Froneri is a manufacturer and distributor of ice cream products, such as Haagen-Dazs and Oreo, headquartered in Yorkshire, England.
The company was ICGT's largest company exposure at July 31, accounting for 2.7% of ICGT's portfolio on July 31.
ICGT initially invested in Froneri alongside Paris-headquartered private equity firm PAI Partners in 2013, before reinvesting in 2019.
Shares in ICGT rose 0.8% to 1,584.38 pence on Friday morning in London.
By Roya Shahidi, Alliance News reporter
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