ICG Enterprise Trust

Last updated

ICG Enterprise Trust plc
Type Public Company
Industry Private Equity
FoundedJuly 15, 1981 (1981-July-15)
Headquarters,
Key people
Oliver Gardey (Head of Private Equity Funds Group)
ProductsPrivate equity assets
Total assets £820m million (November 2023) [1]
Website www.icg-enterprise.co.uk

ICG Enterprise Trust plc (formerly Graphite Enterprise Trust plc and before that F&C Enterprise Trust plc) is a large investment company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [2] In particular it is one of the largest investment trusts on the stock exchange with a market capitalisation of £820 million as at 27 November 2023. [1]

Contents

History

The company was first listed on the London Stock Exchange in 1981 [3] as an investment trust specialising in providing venture capital for unquoted companies mainly in Europe and the US. [4] After personal equity plans ('PEP's) were introduced by the Chancellor of the Exchequer, Nigel Lawson in 1987, the company was one of only three investment trusts, and the only one specialising in venture capital to feature in the PEP performance leagues. [5] The company developed a strong reputation for investment performance and was the UK's best performing investment trust between 1992 and 1997. [5] [6]

It was managed by F&C Asset Management as F&C Enterprise Trust plc until May 2001, [3] then by Graphite Capital as Graphite Enterprise Trust plc until February 2016, [3] and then by Intermediate Capital Group as ICG Enterprise Trust since then. [7] [8] [9]

The chair is Jane Tufnell. [10]

Significant venture capital investments

Significant venture capital investments in unquoted companies involving ICG Enterprise Trust include:

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References

  1. 1 2 "ICG Enterprise Trust". London Stock Exchange. Retrieved 27 November 2023.
  2. "Greene King (UK): Constituent Deletion: Update Changes in FTSE UK Index Series". 28 October 2019. Retrieved 27 November 2023.
  3. 1 2 3 "ICG Enterprise Trust". Companies House. Retrieved 27 November 2023.
  4. "ICG Enterprise Trust Exec Gardey Buys GBP30,000 In Shares". Morning Star. 5 February 2021. Retrieved 27 November 2023.
  5. 1 2 "Personal Equity Plans: Question of where to place your trust". The Independent. 22 March 1998. Retrieved 27 November 2023.
  6. "So you want to be a venture capitalist". The Independent. 10 October 1997. Retrieved 27 November 2023.
  7. "Graphite Enterprise changes name to ICG Enterprise Trust". Shares Magazine. 2 February 2016. Archived from the original on 28 October 2019. Retrieved 28 October 2019.
  8. "Graphite Enterprise cuts link to F&C as ICG takes over". CityWire. 23 December 2015. Retrieved 27 November 2023.
  9. "Graphite Capital sells fund investment business to Intermediate Capital Group". Private Equity Wire. 24 December 2015. Retrieved 27 November 2023.
  10. "Ruffer co-founder becomes chair of ICG Enterprise Trust". www.investmentweek.co.uk. 23 January 2020. Retrieved 27 November 2023.
  11. "F&C calls for virile small firms market". The Independent. 23 February 1993. Retrieved 27 November 2023.
  12. "Graphite hits over ten times with Wagamama". Buyouts. 23 June 2005. Retrieved 27 November 2023.
  13. "Lion in circa £102.5m Wagamama deal". The Independent. 18 June 2005. Retrieved 27 November 2023.
  14. "Deals! Deals! Deals!". Investors Chronicle. 15 August 2007. Retrieved 27 November 2023.
  15. "Graphite Enterprise Trust sells Huntress to Nomura-backed buyout group". Private Equity Wire. 22 November 2007. Retrieved 27 November 2023.
  16. "Graphite Enterprise in for the long haul". Investors Chronicle. 7 June 2011. Retrieved 27 November 2023.
  17. "Graphite Enterprise Trust plc: Disposal of Park Holidays UK". Marketscreener. 11 November 2013. Retrieved 27 November 2023.
  18. "Groucho Club sold by private equity firm". Financial Times. 18 June 2015. Retrieved 27 November 2023.
  19. "Remembers only: group buy Groucho Club and its legacy of celebrity tales". The Guardian. 19 June 2015. Retrieved 27 November 2023.
  20. "ICG Enterprise Trust sells its investment in Micheldever Group". Quoted Data. 5 January 2017. Retrieved 27 November 2023.
  21. "Independent Brighton pub company acquired by expanding market leader". Boutique Hotelier. 3 May 2018. Retrieved 27 November 2023.