ICG Enterprise Trust Icg Enterprise Trust Plc: Portfolio Update, Icg Enterprise Trust Investing In Newton
March 01 2022 - 2:00AM
UK Regulatory
TIDMICGT
ICG Enterprise Trust Plc: Portfolio Update, ICG Enterprise Trust
investing in Newton
ICG Enterprise Trust plc (ICGT) is pleased to announce that it
is investing in Newton Industrial Consultants Ltd (Newton)
alongside funds advised by ICGT's Manager, Intermediate Capital
Group plc (ICG).
The investment is being led by ICG Europe Mid-Market Fund I.
ICGT will invest as a limited partner in the Fund and also through
a direct investment.
In aggregate on a look-through basis, ICGT is expected to invest
approximately GBP13m in Newton. This figure relates to ICGT's
look-through position in the overall investment into Newton and is
stated before any closing adjustments.
Newton is a market-leading and fast-growing consulting firm,
with a particular focus on generating operational improvement for
its clients. The company serves the world's leading semiconductor
chip makers and equipment manufacturers. Headquartered in
Oxfordshire, Newton services a wide variety of leading corporations
and employs over 400 people.
Enquiries
Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Investor Relations, ICG
Media:
Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1395
Website:
www.icg-enterprise.co.uk
About ICG Enterprise Trust
ICG Enterprise Trust is a leading listed private equity investor
focused on creating long-term growth by delivering consistently
strong returns through selectively investing in profitable private
companies, primarily in Europe and the US.
As a listed private equity investor, our purpose is to provide
shareholders with access to the attractive long-term returns
generated by investing in private companies, with the added benefit
of daily liquidity.
We invest in companies directly and through funds managed by ICG
and other leading private equity managers who focus on creating
long-term value and building sustainable growth through active
management and strategic change.
We have a long track record of delivering strong returns through
a flexible mandate and highly selective approach that strikes the
right balance between concentration and diversification, risk and
reward.
Disclaimer
This report may contain forward looking statements. These
written materials are not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration under the US Securities Act of 1933, as
amended, or an exemption therefrom. The issuer has not and does not
intend to register any securities under the US Securities Act of
1933, as amended, and does not intend to offer any securities to
the public in the United States. No money, securities or other
consideration from any person inside the United States is being
solicited and, if sent in response to the information contained in
these written materials, will not be accepted.
Although this investment does not amount to price sensitive
material information, ICG Enterprise Trust is making this
information public on an illustrative basis to aid with market
understanding of our portfolio. Similar announcements may be made
in respect of future non-material investments.
(END) Dow Jones Newswires
March 01, 2022 02:00 ET (07:00 GMT)
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