ICG Enterprise Trust Icg Enterprise Trust Plc: Portfolio Update - New Direct Investment For Icg Enterprise Trust
04 Julho 2023 - 3:00AM
UK Regulatory
TIDMICGT
ICG Enterprise Trust plc
4 July 2023
Portfolio Update - New Direct Investment for ICG Enterprise
Trust
ICG Enterprise Trust plc ('ICGT') is pleased to announce that it
is making a EUR10m coinvestment alongside Cinven, a leading
international private equity manager, to support the acquisition of
Archer.
Upon completion of the transaction, ICGT will hold both a Direct
investment in Archer and a Primary investment, via its position as
a Limited Partner in the Cinven fund.
Archer is a leading provider of governance, risk and compliance
('GRC') software globally in a highly fragmented market. Founded in
2000, Archer has a 20+ year track record of providing integrated
risk management ('IRM') and software solutions to a diverse and
growing customer base of large and mid-sized enterprises. Archer
has a strong global footprint, with operations in the US, Europe,
the Middle East, and Asia/Pacific. Cinven will work in close
partnership with management to continue internationalising the
business, including executing opportunities to expand Archer's
presence in key markets and verticals across both North America and
Europe.
Enquiries
Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Head of Shareholder Relations, ICG
Livia Bridgman Baker, Shareholder Relations, ICG
Media:
Clare Glynn, Corporate Communications, ICG: +44 (0) 20 3545
1395
Website:
www.icg-enterprise.co.uk
About ICG Enterprise Trust
ICG Enterprise Trust plc ('ICGT') is a leading listed private
equity investor focused on creating long-term growth by delivering
consistently strong returns through selectively investing in
profitable, cash-generative private companies, primarily in Europe
and the US, while offering the added benefit to shareholders of
daily liquidity.
ICGT invests in companies directly as well as through Primary
and Secondary investments in funds managed by Intermediate Capital
Group plc ('ICG') and other leading private equity managers who
focus on creating long-term value and building sustainable growth
through active management and strategic change.
We have a long track record of delivering strong returns through
a flexible mandate and selective approach that strikes the right
balance between concentration and diversification, risk and
reward.
Disclaimer
The information contained herein does not constitute an offer to
sell, or the solicitation of an offer to acquire or subscribe for,
any securities in any jurisdiction where such an offer or
solicitation is unlawful or would impose any unfulfilled
registration, qualification, publication or approval requirements
on ICG Enterprise Trust plc (the 'Company') or its affiliates or
agents. Equity securities in the Company have not been and will not
be registered under the applicable securities laws of the United
States, Australia, Canada, Japan or South Africa (each an "Excluded
Jurisdiction"). The equity securities in the Company referred to
herein and on the pages that follow may not be offered or sold
within an Excluded Jurisdiction, or to any U.S. person ("U.S.
Person") as defined in Regulation S under the U.S. Securities Act
of 1933, as amended (the "U.S. Securities Act"), or to any
national, resident or citizen of an Excluded Jurisdiction.
The information on the pages herein may contain forward looking
statements. Any statement other than a statement of historical fact
is a forward looking statement. Actual results may differ
materially from those expressed or implied by any forward looking
statement. The Company does not undertake any obligation to update
or revise any forward looking statements. You should not place
undue reliance on any forward looking statement, which speaks only
as of the date of its issuance.
(END) Dow Jones Newswires
July 04, 2023 02:00 ET (06:00 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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