Business
Statement re Parkeon Realisation
Statement re Parkeon Realisation.
About this update from Icg Plc
[{"type":"text","content":"\n Statement re Parkeon RealisationREG - Intermediate Capital - Realisation19 April 2016Intermediate Capital Group plc announces realisationFurther to previous announcements of realisations, Intermediate Capital Group plc (\"ICG\") announces that the investments made by ICG, other members of its group and the ICG European Fund 2006 B (the \"Fund\") in the Parkeon Group have been realised following the sale of Parkeon. The original investments totalled €104.7m; total proceeds being repaid at the time of exit will be €281.8m, with 45.4% of the proceeds being received by ICG and its group and the remainder received by the Fund. Parkeon is headquartered in France and is a provider of parking and transport management solutions in 40 countries.ICG's transition to a fund management business model means that only a small number of co-investments of over £50m now remain on ICG's balance sheet. ICG considers that investments below this size are not material to the overall business. ICG will therefore not make further announcements of realisations other than in respect of investments in excess of £50m. A list of ICG's largest investments will be included in a data pack that will be updated every six months and is available on ICG's website at http://www.icgam.com/shareholders/Pages/results-and-presentations.aspx.Investor Enquiries:Ian StanlakeInvestor Relations, ICG plc+44 (0) 20 3201 7880Media Enquiries:Helen GustardCorporate Communications, ICG plc+44 (0) 20 3201 7760Neil Bennett Maitland+44 (0) 20 379 5151This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.Source: Intermediate Capital Group plc via GlobenewswireHUG#2004914\n \n ","length":2716,"tagName":"div"}]