9 May 2014
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, other members of its group and the ICG European Fund 2006 (the "Fund") in the Applus Group will be realised following the IPO of Applus. The original investment totalled 118m; total proceeds being repaid at the time of exit will be 163.2m, with 55.93% of the proceeds being received by ICG and its group and the remainder received by the Fund. In addition, the company will shortly repay a substantial part of the equity investment. Total proceeds received as a result of this equity repayment are expected to amount to approximately 33m. ICG continues to hold a minority equity stake following the realisation. Applus is headquartered in Spain and is a leading inspection, certification and technological services company in both the automotive and non-destructive testing and inspection markets.
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