Intermediate Capital Group related stories
All articles and analysis
ICG backs tertiary buyout of ATPIIntermediate Capital Group has backed the tertiary buyout of corporate travel company ATPI using both equity and mezzanine debt, providing an exit for Equistone in the process.
- Fitch warns of 'double defaults'
Many of the European companies that have already defaulted on leveraged loans may do so again, the ratings agency warns – although there are signs of progress in certain industries.
- Intermediate Capital closes fund at €650m
Intermediate Capital Group has held the first closing of its new fund at €650 million, while a six-month interim report shows record gains on investments of £93.3 million.
- ICG to exit largest equity investment to Cinven
Cinven has agreed to acquire patent software provider CPA Global for £950m. ICG made its largest equity investment – about £37m – in CPA Global in 2010.
- Morgan Stanley credit fund is 40% invested
The bank’s $956m mezzanine vehicle has completed its tenth investment in about two years.
- Stepping down and stepping back
Succession has long been a tricky issue to deal with for private equity firms, but several groups have demonstrated in recent weeks that it need not be a painful process.
- ICG's former chief retires
Tom Attwood, the former chief executive of mezzanine provider ICG, will retire from the firm in March next year.
- Fisher Lynch hires MD for London expansion
The firm has brought on former Cinven partner Marcus Wood to lead the firm’s expansion into the European market.
- Morgan Stanley gets active with mezzanine
The bank's $956m dedicated mezzanine vehicle, which closed in January, provides financing for private equity deals in which it can also make direct equity investments and co-investments.
- ICG holds first close on €1.1bn
The firm has already completed its first investment with its fifth European mezzanine fund, backing the buyout of business intelligence provider Bureau van Dijk.