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An update from ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) is now available.
ICG Enterprise Trust has successfully completed a secondary sale of eight mature primary fund investments, generating £62 million in net cash proceeds. This strategic move, executed at a 5.5% discount to the previous valuation, reflects the company’s active portfolio management and focus on maximizing shareholder returns. The sale allows ICGT to capitalize on a strong pricing environment and redeploy capital into more promising opportunities, aligning with their investment objectives and enhancing long-term value for shareholders.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust is a prominent private equity investor, focusing on long-term growth by investing in profitable, cash-generative private companies mainly in Europe and the US. The company invests directly and through funds managed by ICG and other leading managers, aiming to create sustainable growth through active management and strategic change.
YTD Price Performance: -2.62%
Average Trading Volume: 66,574
Technical Sentiment Signal: Sell
Current Market Cap: £803.2M
See more data about ICGT stock on TipRanks’ Stock Analysis page.