ICG Enterprise Trust Unlocks €53 Million from Minimax Exit

 

ICG Enterprise Trust plc (LSE:ICGT) has successfully completed the divestment of its stake in Minimax, a global fire protection systems provider, generating €53 million (approximately £45 million) in cash. Combined with a prior secondary transaction earlier in April, the company has now secured over £100 million in proceeds for the month. These funds will be reinvested in line with ICGT’s long-term investment strategy, which focuses on value creation and capital growth through a disciplined approach to private equity.

Portfolio Strength and Strategic Outlook

This recent exit underscores the effectiveness of ICGT’s active portfolio management and highlights the strength of its investment pipeline. The trust continues to focus on high-quality mid-market businesses across North America and Europe, targeting companies with strong fundamentals and defensive growth potential. The realisation of Minimax reinforces ICGT’s track record of identifying and managing profitable, cash-generative assets that contribute to sustainable shareholder returns.

Company Overview

ICG Enterprise Trust is a listed private equity investor with a strategy centered on generating long-term capital appreciation. It primarily backs private, cash-generative businesses through a mix of direct and fund investments, leveraging the expertise of Intermediate Capital Group and other top-tier managers. The company maintains a diverse portfolio designed to weather economic cycles while delivering consistent performance.

Key Metrics:

• Year-to-Date Performance: -8.37%

• Average Daily Volume: 73,197 shares

• Technical Outlook: Hold

• Market Capitalization: £738.8 million

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