ICG Enterprise Trust Icg Enterprise Trust Plc: Portfolio Update, Iri To Merge With Npd
April 13 2022 - 2:00AM
UK Regulatory
TIDMICGT
ICG Enterprise Trust plc
13 April 2022
Portfolio Update
IRI to merge with NPD
ICG Enterprise Trust plc ("ICGT") is pleased to announce that
New Mountain Capital has entered into a definitive agreement to
merge Information Resources Inc. ("IRI"), a portfolio company of
ICGT, with The NPD Group ("NPD"), a portfolio company of Hellman
& Friedman (the "merger"). IRI is a provider of
mission-critical data and predictive analytics to consumer goods
manufacturers via an industry-leading data management platform.
ICGT co-invested $15m (c. GBP12m) into IRI in 2018 alongside New
Mountain Capital, and at 31 October 2021, IRI represented c. 2.9%
of ICGT's portfolio value. The merger represents a strong return on
invested capital for ICGT.
The merger is expected to close in the second half of 2022,
subject to standard antitrust and international approvals, and
other customary closing requirements.
NPD is a global provider of market information and advisory
services, with a client base of over 2,000 companies. The merger
brings together two businesses with similar client-focused,
innovative, and collaborative cultures and complementary industry
expertise to create a premier global information services provider
for the consumer goods industry.
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: +44 (0) 20 3545 1395
Clare Glynn, Corporate Communications, ICG
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
statements have been made by the Directors in good faith based on
the information available to them up to the time of their approval
of this report and should be treated with caution due to the
inherent uncertainties, including both economic and business risk
factors, underlying such forward-looking information. 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.
This announcement relates to portfolio activity in April 2022.
As such, this represents a non-material post-balance sheet event
subsequent to ICGT's financial year-end of 31 January 2022.
(END) Dow Jones Newswires
April 13, 2022 02:00 ET (06:00 GMT)
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