Intermediate Capital Group
ICG sells majority stake in With Intelligence to Motive Partners in GBP 400m deal
Sale to specialised financial technology investor follows a competitive process and brings acquirer closer to launch of third fundraise
Cinven emerges as frontrunner for ICG's With Intelligence
ICG aims to sign deal for financial data and intelligence provider by end of next week
ICG hires Cestar as global head of credit
Cestar has more than 25 yearsт industry experience, including with Credit Suisse in London and New York
The Bolt-Ons Digest – 26 January 2023
Unquoteтs selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Santander's Tresmares launches in UK with GBP 725m fund
GP has hired ICG's Philippe Arbour to lead evergreen fund that offers products including direct lending
LP stakes trade on wider discounts amid liquidity crunch – Palico
More than half of LP deals were discounted in Q3 2022, reversing the trend seen in Q2, Palico report shows
Pantheon, ICG appoint new ESG heads
Eimear Palmer joins Pantheon from ICG, which has poached Elsa Palanza from Barclays
ICG heads for secondaries fund close, new strategy launches
GP plans to launch specialised life sciences and US PE strategies depending on market conditions
ICG, Ares and GBL among sponsors in Sanoptis second round
Current backer Telemos wants to remain invested as a minority shareholder in the ophthalmology group
ECI sells Travel Chapter for 2.6x
ECI is selling the holiday booking platform to its management, backed by investment from ICG
Vita Group attracts early interest from ICG and Lone Star
Information memorandums have been distributed for the UK manufacturer of polyurethane foam
ICG to exit Park Holidays in GBP 900m trade sale – report
ICG acquired the caravan holiday park operator in a GBP 362m SBO from Caledonia Investments in 2016
Garnica sponsor ICG targets November for sale launch
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Aeternum et al. invest in Hg's Visma at EUR 16bn EV
Deal sees Aeternum Capital, Government Pension Fund Norway (Folketrygdfondet), Vind and GIC invest
Waterland sells Atos Kliniken to ICG
Waterland formed the orthopaedic clinic chain via a spin-off from portfolio company Media in 2016
ICG takes EUR 1.45bn ESG-linked facility for Europe VIII
Standard Chartered Bank was coordinator and mandated lead arranger on the facility
The Deals Pipeline
A highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Hannover Finanz sells Corporate Planning to ICG's ProAlpha
GP bought a majority stake in the corporate planning software developer in 2017 in a succession solution deal
Advent exits Circet to ICG
Sale ends a three-year holding period for Advent, which bought the company from CM-CIC Investissement
ICG invests in $80m round for Eliem Therapeutics
This is the first investment made by ICG Life Sciences, which was launched in January 2021
ICG buys stake in Alvinesa from Artá
With the GP's support, the business plans to further boost its growth and international expansion
ICG acquires Lucid Group from LDC
Sale ends a four-year holding period for LDC, which invested ТЃ11m in the company in exchange for a minority stake
IK, ICG to acquire minority stake in Norwegian firm Formue
Deal reportedly values the company at тЌ292m
ICG appoints Laurant as co-head of special situations
Laurant previously worked at Pimco, where he founded and ran the European credit opportunities platform