ICG Enterprise Trust

ICG Enterprise Trust plc
Company type	Public Company
Traded as	LSE : ICGT ; FTSE 250 component ;
Industry	Private Equity
Founded	July 15, 1981
Headquarters	London , United Kingdom
Key people	Oliver Gardey (Head of Private Equity Funds Group)
Products	Private equity assets
Total assets	￡820m million (November 2023)
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]

History [ edit ]

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 [ edit ]

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

Olicom, a Danish computer software business ^[11]
Wagamama , a restaurant chain specialising in Japanese cuisine ^[12]^[13]
Weetabix , a food processing business ^[14]
Huntress Group, a UK white-collar recruitment specialist ^[15]
Kwik Fit , a car service and repair business ^[16]
Park Holidays UK, formerly Cinque Ports, a caravan parks business ^[17]
The Groucho Club , a Bohemian London club for people from the publishing, media, entertainment and arts industries ^[18]^[19]
Micheldever Group , the UK's second largest distributor of tyres ^[20]
The Laine Pub Company, a Brighton -based pub business with 54 public houses ^[21]

References [ edit ]

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

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[mcap-1] "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 .

[ch-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 .

[inde-5] "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 .

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