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December 28, 2015updated 04 Apr 2017 1:32pm

Asset manager ICG buys Graphite Capital’s private equity funds investment business

UK-based specialist asset manager Intermediate Capital Group (ICG) has acquired the private equity funds investment business of Graphite Capital Management for £20m.

By Verdict Staff

UK-based specialist asset manager Intermediate Capital Group (ICG) has acquired the private equity funds investment business of Graphite Capital Management for £20m.

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The unit will be responsible for managing and investing the Graphite Enterprise Trust, a London-listed investment trust focusing on primary and secondary fund investments and co-investments.

Following the acquisition, the trust will be renamed as ICG Enterprise Trust, effective 1 February 2016. The deal is subject to regulatory approvals.

Additionally, the trust’s investment team, led by Emma Osborne, will move to ICG where it will form a new business unit within the firm.

The transaction will help GET grow to its next stage of development leveraging ICG’s global scale and wide range of investment strategies.

ICG chief financial officer Philip Keller said: "ICG is delighted the Graphite Enterprise Trust Board have chosen to move the management of the investment trust to ICG for its future development, we see great opportunities to continue to develop the strategy for existing shareholders as well as to deliver a new strategic business area for ICG."

Graphite Capital managing partner Rod Richards, said: "Under our management, the £23 million raised in the early 1980s increased to £681 million of which £180 million was returned in cash, representing a multiple of 29 times the amount subscribed."

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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