Intermediate Capital Group
{{short description|Asset management company}}
{{Infobox company
| name = Intermediate Capital Group plc
| logo = Intermediate Capital Group logo.svg
| type = Public
| traded_as = {{lse|ICG}}
FTSE 100 component
| foundation = {{start date and age|1989|02}}
| location = London, England, UK
| key_people = {{ubl
| {{wd-chairperson}}
| {{wd-ceo}}
}}
| industry = Financial services, asset management
| products =
| revenue = {{increase}} £970.9 million (2025){{cite web|url=https://www.icgam.com/wp-content/uploads/2025/05/ICG_FY25_RNS.pdf|title=ICG final results for the financial year ended 31 March 2025 |publisher=ICG|access-date=21 May 2025}}
| operating_income = {{increase}} £676.0 million (2025)
| net_income = {{decrease}} £451.2 million (2025)
| num_employees =
| parent =
| subsid =
| homepage = {{url|https://www.icgam.com}}
| caption =
| footnotes =
}}
Intermediate Capital Group is a private equity investment firm focused on providing capital to help companies grow through private and public markets and provides a number of strategies and funds aimed at institutional investors. It is headquartered in London, England, with offices in a further 17 countries,{{Cite web |title=Our offices |url=https://www.icgam.com/who-we-are/our-offices/ |access-date=2025-05-21 |website=ICG |language=en-GB}} and is a constituent of the FTSE 100 Index.
History
The business was founded by six investment professionals in 1989 and was first listed on the London Stock Exchange in 1994. In 2010 it was reported that the credit crunch was driving its growth.{{cite web|url=https://www.independent.co.uk/news/business/news/creditcrunch-boost-for-intermediate-capital-group-835703.html|title=Credit-crunch boost for Intermediate Capital Group|work=The Independent|access-date=29 March 2015}} Intermediate Capital listed a new bond on the London Stock Exchange's Order book for Retail Bonds (ORB) in 2011.{{cite web| url=https://www.lseg.com/media-centre/news/news-across-group/specialist-investment-firm-intermediate-capital-group-plc| title=Specialist Investment Firm Intermediate Capital Group PLC Launches First Retail Bond on ORB| date=December 22, 2011| publisher=London Stock Exchange Group| access-date=May 1, 2018| archive-date=July 25, 2021| archive-url=https://web.archive.org/web/20210725063732/https://www.lseg.com/media-centre/news/news-across-group/specialist-investment-firm-intermediate-capital-group-plc| url-status=dead}}
ICG has diversified its business away from its origins in private debt and equity, buying the real estate business Longbow in 2014, and taking over management of the Graphite Enterprise Trust, which is now known as the ICG Enterprise Trust, in 2015.{{cite web| url=https://www.privateequitywire.co.uk/2015/12/24/235086/graphite-capital-sells-fund-investment-business-intermediate-capital-group| title=Graphite Capital sells fund investment business to Intermediate Capital Group| date=December 24, 2015| publisher=Private Equity Wire| access-date=May 1, 2018}} It hired an infrastructure investment team in 2018 and, in 2019, announced plans to build a private equity business in North America.{{Cite web|url=https://www.institutionalinvestor.com/article/b1h6d5bpbf59xt/Architect-of-Morgan-Stanley-s-PE-Business-Moves-to-Intermediate-Capital-Group|title=Architect of Morgan Stanley's business moves to Intermediate Capital Group|website=www.institutionalinvestor.com|date=17 September 2019 |access-date=2019-10-11}} The then $42.6 billion firm had a “strong ambition” to expand in the continent.
ICG has been a beneficiary of the trend for institutional investors to allocate assets to alternative investments, raising over €10bn during the year ended 31 March 2019.{{cite web|url=https://www.morningstar.co.uk/uk/news/AN_1558515794388728000/top-news-intermediate-capital-see-record-inflows-in-excellent-year-.aspx|title=Intermediate Capital See Record Inflows In "Excellent Year"|date=22 May 2019|publisher=Morning Star|access-date=3 March 2020}}
In November 2022, it was announced ICG had acquired the Madrid-headquartered renewable energy platform, Dos Grados on behalf of its €1.5 billion ($1.56 billion) debut Infrastructure Fund (ICG Infra).{{Cite web |date=2022-11-17 |title=ICG Infra acquires Spain-based renewable platform Dos Grados |url=https://www.power-technology.com/news/icg-infra-dos-grados/ |access-date=2022-11-17 |website=Power Technology |language=en-US}}
References
{{reflist|30em}}
External links
{{Portal|Companies}}
- [https://www.icgam.com ICG official website]
{{FTSE 100 Index constituents}}
{{Private equity firms}}
{{Authority control}}
Category:Financial services companies based in the City of London
Category:Financial services companies established in 1989
Category:Private equity firms of the United Kingdom
Category:Mezzanine capital investment firms