Intermediate Capital Group Plc announces realis...

REG - Intermediate Capital - Realisations

6 June 2013

Intermediate Capital Group plc announces realisations

In its full year results announcement made on 22 May 2013, Intermediate Capital Group plc ("ICG") announced the repayment of its PIK investment in Medi Partenaires, which followed its announcement on 3 May 2013 of the realisation of its holding in Allflex, subject to completion.

Since this date, ICG and funds managed by it have completed the following realisations within the top 20 investments by size at the last balance sheet date:

• the A$70m mezzanine investment by ICG and the Intermediate Capital Asia Pacific Mezzanine Fund 2005 in Hoyts Group has been realised. Total proceeds received at the time of repayment were A$126m. ICG and its funds will continue to hold a minority equity position in the company and may receive future dividends. Hoyts is a leading cinema and screen advertising business in Australia and New Zealand. 

• the €93.75m mezzanine and PIK investment by ICG and the ICG European Fund 2006 in Team System has been realised. Total proceeds received at the time of repayment were €113.9m.  ICG and its funds will continue to hold a minority equity position and warrants in the company and may receive future dividends. Team System is a leading Italian provider of software solutions for payroll, tax, accounting, customer and human resources management. 

ICG will continue to make the market aware of significant realisations.

Investor Enquiries:

Ian Stanlake
Investor Relations, ICG plc
[phone]

Media Enquiries:
Neil Bennett / Rebecca Mitchell
Maitland
[phone]

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Source: Intermediate Capital Group plc via Thomson Reuters ONE

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