|Bid||1,267.00 x 26300|
|Ask||1,268.00 x 17900|
|Day's Range||1,217.00 - 1,307.00|
|52 Week Range||899.00 - 1,307.00|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||12.75|
|Forward Dividend & Yield||0.31 (2.62%)|
|1y Target Est||N/A|
British asset manager Intermediate Capital Group on Wednesday posted a 29% jump in full-year assets on the back of record inflows of external client cash, sending its shares higher. ICG invests in private equity, credit and real assets and has seen demand surge in recent years as institutional investors looked to increase allocation to such 'alternative' assets offering higher returns than traditional stock and bond markets. Total assets in the year to end-March were 37.1 billion euros (32.6 billion pounds), boosted by 10 billion euros in inflows from third-party clients.
Intermediate Capital Group continued to profit from investors’ appetite for private assets with the London-listed private debt manager reporting record flows in its annual results. ICG, which has not recorded an annual net outflow since its foundation in 1989, raised €10bn in the twelve months to March compared to €7.8bn during the previous year, comfortably exceeding the €6bn annual fundraising target chief executive Benoît Durteste set in 2018. ICG specialises in providing private debt or “direct lending” to smaller or midsized companies, an area which has flourished since the 2008 financial crisis after banks pulled back.
Inbond Inversiones 2014, S.L. is the 100% owner of Grupo Konectanet S.L.U., a leading provider of customer relationship management (CRM) and Business Process Outsourcing (BPO) services in Spain and Latin America. ICG will hold 49.99% of the company going forward while 50.01% of the shares will be held by Konecta's management team upon reinvestment of c.100% of their proceeds.
Asset manager Intermediate Capital Group Plc on Friday named Vijay Bharadia as its chief financial officer, replacing Philip Keller. Bharadia, who has worked as International CFO for Blackstone Group LP ...
StanChart will sell a majority of the private equity arm's investment portfolio to funds managed by Intermediate Capital Group Plc (ICP.L), the bank said on Monday, a deal first reported by Reuters in August. The assets ICG is buying from StanChart will be directly managed by Affirma Capital, a newly-formed company consisting of the former Standard Chartered private equity team. The disposal follows StanChart's decision in late 2016 to exit the principal finance business, which invests the bank's and its clients' money, as part of a broader strategic shift by Chief Executive Bill Winters to focus more on corporate and individual customers.
UK shares eased slightly on Monday but outperformed Europe as relative calm returned after last week's tumult and Prime Minister Theresa May continued to fight for support for her Brexit deal. The FTSE 100 (.FTSE) fell 0.2 percent, giving up opening gains, but strength in the financial and mining sectors helped the index outperform a 0.7 percent slide in Europe (STOXX). "Things are a bit calmer and there's not been anything particularly exciting bearing in mind that end of last week," said Mike van Dulken, head of research at Accendo Markets.
LONDON (Reuters) - European shares reversed early morning gains and fell to two-week lows on Thursday in a broad-based selloff as British Prime Minister Theresa May's government was plunged into crisis ...
British asset manager Intermediate Capital Group (ICG) (ICP.L) on Thursday posted a 17 percent increase in first-half assets on the back of strong inflows of new money from clients, sending its shares higher. ICG, which invests across a range of assets including credit, real estate and infrastructure, has seen increasing demand from investors given weaker returns on offer in more traditional financial markets. Total assets at the end of September were 33.6 billion euros ($38.08 billion), buoyed by a record 6.1 billion euros in net inflows, underpinning group pretax profit of 124 million pounds and an interim dividend of 10 pence, up 11.1 percent.
(Adds Standard Chartered, Linde) Aug 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** PepsiCo will buy carbonated drink-machine maker SodaStream ...
Standard Chartered (STAN.L) is in talks to sell its private equity business to Intermediate Capital Group (ICP.L) (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its 'principal finance' investment business. StanChart has separately completed the sale of the other half of its principal finance unit, comprising its real estate investment business in Asia, to private equity firm Actis, the bank said on Monday. Reuters reported in November the real estate principal finance business has around $700 million (£548.4 million) in investments across Asia and Africa.
Moody's Investors Service has assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) to UK software provider IRIS Debtco Limited ('IRIS'). Concurrently, Moody's has assigned B2 ratings to the proposed GBP440 million senior secured term loan B, GBP40 million revolving credit facility (RCF) and GBP75 million acquisition facility (ACF), which shall be borrowed by IRIS Bidco Limited, all rank pari passu and are due in 2025. The outlook on all ratings is stable.
Intermediate Capital Group plc (LON:ICP), a capital markets company based in United Kingdom, saw a double-digit share price rise of over 10% in the past couple of months on theRead More...
Moody's Investors Service (Moody's) has today downgraded the corporate family rating (CFR) of German active fire detection and protection solutions provider Minimax Viking GmbH (Minimax) to B1 from Ba3. Concurrently, Moody's downgraded the ratings on the group's senior secured credit facilities to B1 (LGD3) from Ba3 (LGD2) and affirmed the probability of default rating (PDR) of Minimax at B1-PD.
HgCapital said its would invest 37.5 million pounds in IRIS as part of the deal, which the company said is the UK’s largest ever private equity led software buyout. "The renewed Hg investment, alongside (Intermediate Capital Group), is recognition of continued success," Kevin Dady, CEO of IRIS, said in the statement. HgCapital said the deal will be subject to regulatory approvals.