ICG Enterprise Trust Plc: Portfolio Update - New Direct Investment for ICG Enterprise Trust

ICG Enterprise Trust plc

4 July 2023

Portfolio Update - New Direct Investment for ICG Enterprise Trust

ICG Enterprise Trust plc (‘ICGT’) is pleased to announce that it is making a €10m coinvestment alongside Cinven, a leading international private equity manager, to support the acquisition of Archer.

Upon completion of the transaction, ICGT will hold both a Direct investment in Archer and a Primary investment, via its position as a Limited Partner in the Cinven fund.

Archer is a leading provider of governance, risk and compliance (‘GRC’) software globally in a highly fragmented market. Founded in 2000, Archer has a 20+ year track record of providing integrated risk management (‘IRM’) and software solutions to a diverse and growing customer base of large and mid-sized enterprises. Archer has a strong global footprint, with operations in the US, Europe, the Middle East, and Asia/Pacific. Cinven will work in close partnership with management to continue internationalising the business, including executing opportunities to expand Archer’s presence in key markets and verticals across both North America and Europe.

Enquiries

Analyst / Investor enquiries: +44 (0) 20 3545 2000

Oliver Gardey, Head of Private Equity Fund Investments, ICG        

Colm Walsh, Managing Director, ICG                

Chris Hunt, Head of Shareholder Relations, ICG

Livia Bridgman Baker, Shareholder Relations, ICG                                

Media:

Clare Glynn, Corporate Communications, ICG: +44 (0) 20 3545 1395

Website:

-enterprise.co.uk

About ICG Enterprise Trust

ICG Enterprise Trust plc (‘ICGT’) is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US, while offering the added benefit to shareholders of daily liquidity.

ICGT invests in companies directly as well as through Primary and Secondary investments in funds managed by Intermediate Capital Group plc ('ICG') and other leading private equity managers who focus on creating long-term value and building sustainable growth through active management and strategic change.

We have a long track record of delivering strong returns through a flexible mandate and selective approach that strikes the right balance between concentration and diversification, risk and reward.

Disclaimer

The information contained herein does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust plc (the ‘Company’) or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person ("U.S. Person") as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or to any national, resident or citizen of an Excluded Jurisdiction.

The information on the pages herein may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.