ICG Enterprise Trust Icg Enterprise Trust Plc: Portfolio Update - Icg Enterprise Trust Investing In Kronosnet
October 04 2022 - 2:00AM
UK Regulatory
TIDMICGT
ICG Enterprise Trust plc
4 October 2022
Portfolio Update
ICG Enterprise Trust investing in KronosNet
ICG Enterprise Trust plc (ICGT) is pleased to announce that it
is investing in KronosNet, a business combination of Konecta and
Comdata to create the sixth largest player in the customer
experience BPO market.
ICGT is investing EUR10.0m alongside funds advised by ICGT's
Manager, Intermediate Capital Group plc (ICG).
In aggregate on a look-through basis, ICGT is expected to invest
approximately EUR14.0m in KronosNet. This figure relates to ICGT's
look-through position in the overall investment into KronosNet and
is stated before any closing adjustments.
KronosNet will help global clients in a variety of end
industries such as financial and insurance, technology, telco,
retail and e-commerce, utilities, industrial and healthcare. The
new Group will serve more than 500 large corporates across Europe
and America with the local expertise of over 130,000 employees.
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
Livia Bridgman Baker, Shareholder 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
Intermediate Capital Group plc (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
October 04, 2022 02:00 ET (06:00 GMT)
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