8th Dec 2009 07:00
Tuesday 08 December 2009
Intermediate Capital Group PLC announces a significant capital gain
Intermediate Capital Group PLC ("ICG") announces the largest capital gain to be realised in a single transaction of approximately £68 million as a result of the sale of its equity and mezzanine investments in Marken Group Limited. Proceeds of this transaction to ICG PLC amount to approximately £170 million. The transaction remains subject to relevant anti-trust clearances. The terms of the transaction are not disclosed.
Enquiries:
Intermediate Capital Group PLC
Jean-Christophe Rey, Investor Relations +44 (0)20 7628 9898
Amanda Fong, Corporate Communications
M:Communications
Charlotte Kirkham +44 (0)20 7920 2331
Tim Draper
About Intermediate Capital Group PLC
ICG was founded in 1989 and listed on the London Stock Exchange in 1994. Today ICG employs 58 investment executives in nine offices worldwide, and is a leading independent investor in and fund manager of buyout debt. Since its inception, ICG and its managed funds have invested more than €12bn in mezzanine and equity in over 500 transactions. Currently ICG manages €3bn in direct investments and over €8bn in third party Mezzanine and Credit Funds. Further information can be found at: www.icgplc.com.
Related Shares:
ICP.L