REG - Intermediate Capital - Realisation
19 April 2016
Intermediate Capital Group plc announces realisation
Further to previous announcements of realisations, Intermediate Capital Group plc ("ICG") announces that the investments made by ICG, other members of its group and the ICG European Fund 2006 B (the "Fund") in the Parkeon Group have been realised following the sale of Parkeon. The original investments totalled 104.7m; total proceeds being repaid at the time of exit will be 281.8m, with 45.4% of the proceeds being received by ICG and its group and the remainder received by the Fund. Parkeon is headquartered in France and is a provider of parking and transport management solutions in 40 countries.
ICG's transition to a fund management business model means that only a small number of co-investments of over £50m now remain on ICG's balance sheet. ICG considers that investments below this size are not material to the overall business. ICG will therefore not make further announcements of realisations other than in respect of investments in excess of £50m. A list of ICG's largest investments will be included in a data pack that will be updated every six months and is available on ICG's website at http://www.icgam.com/shareholders/Pages/results-and-presentations.aspx.
Investor Enquiries:
Ian Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Helen Gustard
Corporate Communications, ICG plc
+44 (0) 20 3201 7760
Neil Bennett
Maitland
+44 (0) 20 379 5151