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ICG Enterprise Trust announces realisation of Froneri
24 October 2025 ICG Enterprise Trust announces realisation of Froneri, its largest portfolio company ICG Enterprise Trust (“ICGT”) is pleased to announce the realisation of Froneri. ICGT initially invested alongside PAI Partners in 2013 and reinvested in 2019. The investment in Froneri has delivered a strong return to ICGT, and cash proceeds from this realisation of €41 million have been received. Froneri is a manufacturer and distributor of ice cream products and was ICGT’s largest company expo
About this update from Icg Enterprise Trust Plc Gbp
[{"type":"text","content":"24 October 2025","length":15,"tagName":"p"},{"type":"text","content":"ICG Enterprise Trust announces realisation of Froneri, its largest portfolio company","length":84,"tagName":"p"},{"type":"text","content":"ICG Enterprise Trust (“ICGT”) is pleased to announce the realisation of Froneri. ICGT initially invested alongside PAI Partners in 2013 and reinvested in 2019. The investment in Froneri has delivered a strong return to ICGT, and cash proceeds from this realisation of €41 million have been received.","length":299,"tagName":"p"},{"type":"text","content":"Froneri is a manufacturer and distributor of ice cream products and was ICGT’s largest company exposure at 31 July 2025, representing 2.7% of the Portfolio.","length":156,"tagName":"p"},{"type":"text","content":"At 31 July 2025, ICGT had Total Available Liquidity of £187 million and a gearing ratio of 5%. Pro forma for this announcement, ICGT would have Total Available Liquidity of £223 million and a gearing ratio of 3%.","length":212,"tagName":"p"},{"type":"text","content":"Enquiries","length":9,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Analyst / Investor enquiries:","length":29,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Martin Li, Shareholder Relations, ICG","length":37,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"+44 (0) 20 3545 1816","length":20,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Nathan Brown, Deutsche Numis","length":28,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"+44 (0) 20 7260 1426","length":20,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"David Harris, Cadarn Capital","length":28,"tagName":"p","attribs":{}}]},{"style":"vertical-align:top;","val":[{"type":"text","content":"+44 (0) 20 7019 9042","length":20,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:top;","val":[]},{"style":"vertical-align:top;","val":[]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"text","content":"Media:","length":6,"tagName":"p","attribs":{}}]},{"style":"verti...