Intermediate Capital Group Plc
27 August 2013
Intermediate Capital Group plc announces realisation
Further to prior announcements of realisations, Intermediate Capital Group plc ("ICG") announces that the mezzanine investments made by ICG and the ICG Mezzanine Fund 2003 in Minimax Viking Group have been realised. The original investments were 45m and $11.8m; total proceeds received at the time of exit were 75.5m and $15.4m, with 60% of the proceeds being received by ICG and the remainder received by the ICG Mezzanine Fund 2003. In addition, the company has repaid a substantial part of the equity investment. Total proceeds received as a result of this equity repayment amounted to 8.5m. ICG continues to hold a small equity stake following the realisation. Minimax Viking is a leading global supplier of fire protection systems and services.
ICG will continue to make the market aware of significant realisations.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Helen Barnes
Corporate Communications, ICG plc
+44 (0) 20 3201 7760
Neil Bennett
Maitland
+44 (0) 20 379 5151