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ICG Enterprise Belief Plc: Portfolio Replace

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ICG Enterprise Belief plc

25 November 2022

Portfolio Replace

ICG Enterprise Belief makes two new direct investments

ICG Enterprise Belief plc (ICGT) is happy to announce that it has not too long ago made two new direct co-investments:

Gateway Companies: direct co-investment alongside ICG
ICGT has made an funding in Gateway Companies (Gateway). This follows quite a few profitable investments by ICGT within the pet care sector, which has benefited from important secular development traits during the last decade.

Gateway is a market chief in its sub-sector, working a community of pet crematoria and pet cemeteries throughout over 150 places in 40 US states and 4 Canadian provinces. The Firm has a various buyer base with a concentrate on veterinary clinics and pet hospitals. Gateway intends to proceed its technique of buying and partnering with different firms within the sector throughout the US and Canada.

In mixture, on a look-through foundation, ICGT is anticipated to take a position roughly $9.0m (£7.9m) in Gateway. This determine pertains to ICGT’s look-through place within the general funding into Gateway and is acknowledged earlier than any closing changes.

Vistage Worldwide: direct co-investment alongside Gridiron
ICGT has made a $5.0m (£4.2m) follow-on co-investment alongside Gridiron Capital Fund V in Vistage Worldwide (Vistage). It is a follow-on to our co-investment in Vistage in August 2022 taking our whole co-investment in Vistage to $10.0m (£8.3m).

Headquartered in San Diego, California, Vistage is the world’s largest government teaching organisation for small and medium sized companies, working for over 65 years with over 28,000 members. Vistage offers a bundled subscription that features peer advisory conferences, one-on-one teaching, entry to audio system and occasions, and on-line content material.

At 31 July 2022, 4 firms managed by Gridiron had been amongst ICGT’s 30 largest firm exposures and collectively accounted for 4.5% of the Portfolio worth: Leaf Residence Options (sixth largest publicity), AML RightSource (tenth largest publicity), Class Valuation (twenty fourth largest publicity) and Journey Nurse Throughout America (thirtieth largest publicity).

Enquiries

Analyst / Investor enquiries: +44 (0) 20 3545 2000
Oliver Gardey, Head of Non-public Fairness Fund Investments, ICG        
Colm Walsh, Managing Director, ICG                
Chris Hunt, Head of Shareholder Relations, ICG
Livia Bridgman Baker, Shareholder Relations, ICG                                

Media:
Clare Glynn, Company Communications, ICG: +44 (0) 20 3545 1395

Web site:
www.icg-enterprise.co.uk

About ICG Enterprise Belief

ICG Enterprise Belief is a number one listed personal fairness investor centered on creating long-term development by delivering persistently robust returns by way of selectively investing in worthwhile personal firms, primarily in Europe and the US.

As a listed personal fairness investor, our objective is to offer shareholders with entry to the enticing long-term returns generated by investing in personal firms, with the additional advantage of every day liquidity.

We put money into firms immediately and thru funds managed by ICG and different main personal fairness managers who concentrate on creating long-term worth and constructing sustainable development by way of lively administration and strategic change.

We now have an extended monitor report of delivering robust returns by way of a versatile mandate and extremely selective method that strikes the best stability between focus and diversification, danger and reward.

Disclaimer

This report could include ahead wanting statements. These written supplies should not a proposal of securities on the market in the US. Securities will not be provided or offered in the US absent registration below the US Securities Act of 1933, as amended, or an exemption therefrom. The issuer has not and doesn’t intend to register any securities below the US Securities Act of 1933, as amended, and doesn’t intend to supply any securities to the general public in the US. No cash, securities or different consideration from any particular person inside the US is being solicited and, if despatched in response to the knowledge contained in these written supplies, is not going to be accepted.

Though this funding doesn’t quantity to cost delicate materials data, ICG Enterprise Belief is making this data public on an illustrative foundation to help with market understanding of our portfolio. Related bulletins could also be made in respect of future non-material investments.



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