Statement re Significant Capital Gain
Intermediate Capital Group plc announces a significant capital gain
Intermediate Capital Group plc ("ICG") announces the sale of its stake in CPA Global. The transaction is subject to the approval of a Scheme of Arrangement in Jersey and regulatory clearances, and is expected to close by the end of the first quarter of 2012.
The transaction will generate total proceeds of £387 million for ICG plc and the funds advised by ICG. Upon completion ICG plc will receive total cash proceeds of approximately £113 million. The transaction will result in an additional £43 million capital gain for ICG plc, which will be booked in the second half of the current financial year.
The terms of the transaction are not disclosed.
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Analyst / Investor enquiries:
Christophe Evain, CEO, ICG +44 (0) 20 3201 7700
Philip Keller, CFO, ICG +44 (0) 20 3201 7700
Jean-Christophe Rey, Investor Relations, ICG +44 (0) 20 3201 7768
Media enquiries:
Neil Bennett/Tom Eckersley/Andrea Coleman, Maitland +44 (0) 20 379 5151
About ICG
Founded in 1989, ICG is a specialist investment firm and asset manager providing mezzanine finance, leveraged credit and minority equity, managing €12 billion of assets in proprietary capital and third party funds. ICG has a large and experienced investment team operating from its head office in London with a strong local network of offices in Paris, Madrid, Stockholm, Frankfurt, Amsterdam, Hong Kong, Sydney and New York. Its stock (ticker symbol: ICP) is listed on the London Stock Exchange. Further information is available at: www.icgplc.com.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Intermediate Capital Group plc via Thomson Reuters ONE
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