Intermediate Capital Group (ICG) is a specialist financial group supplying capital in the form of mezzanine finance, leveraged credit or minority equity. Established in 1989, the company has grown to become one of the largest independent mezzanine providers in the world with investment portfolios in Europe, Asia Pacific and the US.
Despite the difficult market conditions, the group reported an excellent set of results for the year to 31 March 2012, with adjusted pre-tax profits, earnings per share and the dividend all increasing. In a trading update issued in July, the group revealed that assets under management had increased by 3.5% to €11.8bn since the year end whilst there was also a strong pipeline of investment opportunities.
The group has successfully extended £640m of debt due to mature in May 2013 for a further three years to 2016. The balance sheet remains strong with unutilised bank lines of £449m at 30 June 2012.
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