Disposal

RNS Number : 7364D

Intermediate Capital Group PLC

08 December 2009

 



Tuesday 08 December 2009

Intermediate Capital Group PLC announces a significant capital gain

Intermediate Capital Group PLC ("ICG") announces the largest capital gain to be realised in a single transaction of approximately £68 million as a result of the sale of its equity and mezzanine investments in Marken Group Limited. Proceeds of this transaction to ICG PLC amount to approximately £170 million. The transaction remains subject to relevant anti-trust clearances. The terms of the transaction are not disclosed.

Enquiries: 

Intermediate Capital Group PLC

Jean-Christophe Rey, Investor Relations             [phone]

Amanda Fong, Corporate Communications 

M:Communications

Charlotte Kirkham                                            [phone]

Tim Draper

About Intermediate Capital Group PLC 

ICG was founded in 1989 and listed on the London Stock Exchange in 1994. Today ICG employs 58 investment executives in nine offices worldwide, and is a leading independent investor in and fund manager of buyout debt. Since its inception, ICG and its managed funds have invested more than €12bn in mezzanine and equity in over 500 transactions. Currently ICG manages €3bn in direct investments and over €8bn in third party Mezzanine and Credit Funds. Further information can be found at: www.icgplc.com.

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