ICG opens Madrid office

The mezzanine finance provider Intermediate Capital Group (ICG) has opened a new office in Madrid, building on its existing presence in the UK, France, Scandinavia, Germany, Benelux, Switzerland and Hong Kong. The office will be run by a three-strong team, headed by investment director José María Vegas Cordobés. The Madrid office will handle business in the expanding Iberian market, and will have a broad sector focus, focusing on mezzanine transactions between EUR 10-100m. Last June, ICG invested EUR 75m in the Spanish company Codere, as part of Codere's financial restructuring and expansion plan. This was the largest mezzanine investment recroded to date in Spain.

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