ICG plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, venture debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary (direct) and secondary (indirect) investments, traditional, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing. The firm does not invest in property companies, early-stage funds or start-ups. Within fund of fund, it specializes in secondary investments. It also invests in the debt, fixed income and alternate asset markets. The firm's alternative capital solutions invest in mid-market companies, in Europe, the United States and Asia Pacific. It invests in corporate businesses through private debt, senior, junior and sub-ordinate debt, mezzanine, structured loans and equity in Europe, Asia Pacific and North America. The firm prefers to invest in all sectors with a focus on insurance, energy, materials, environmental and facilities services, human resources and employment services, leisure products, consumer staples, healthcare, infrastructure services, media and entertainment, utilities, equity real estate investment trusts, education and childcare. The firm seeks to invest in life sciences in Western Europe and the United States. The firm invests in a diversified portfolio of senior secured loans to established companies in Australia and New Zealand. The firm focuses on European senior direct lending, investing in a diversified portfolio of mid-market and upper mid-market corporate borrowers in Western and Northern Europe. The firm is focused on limited partnership liquidity solutions in North America and Europe. It prefers to invest in commercial real estate assets and commercial property in the United Kingdom. It seeks to invest in companies whose principal place of business is Africa/Middle East, DACH region, European Union, Pan-European, Spain, Nordic, United States, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, Grenada, Guadeloupe, Haiti, Jamaica, Martinique, Montserrat, Netherlands Antilles, Saint Kitts & Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago, Turks & Caicos Islands, Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Canada, United Kingdom, France, Italy, Liechtenstein, Monaco, Netherlands, Bulgaria, Romania, North America, South-East Asia and the Asia Pacific, Hong Kong, South Korea, Singapore, Taiwan, China, Japan, Australia, Luxembourg, Belgium and New Zealand. It prefers to invest between $100 and $200 million. The firm prefers to invest in companies with an enterprise value of at least $34.13 million. The firm provides mezzanine financing to firms with an enterprise value between $40.62 million and EUR 1000 million ($1353.94 million). In corporate strategies, it prefers to invest in firms with enterprise value of EUR 100 million ($107.36 million) and EUR 2000 million ($2147.23 million). The firm invests between $50 million and $1000 million in North American Private Debt in companies with EBITDA between $25 million and $250 million. The firm seeks to acquire minority and majority stakes. It generally structures its financing in the form of subordinated loans with equity warrants, as preference shares, preferred equity, mezzanine debt, convertible loans, leveraged loans, senior, junior, and mezzanine loans, and CDOs. The firm provides loans for a maturity period between seven years and ten years with repayments to be made in one payment at final maturity. Its mezzanine investments are usually structured to provide a cash yield between three percent and four percent over the relevant interbank rate, plus an additional return to reflect the risk involved. Alternative Credit strategies are structured in portfolio format, such as CLOs, RMBS, CMBS and correlation tranches. It focuses on structured credit and credit portfolios sourced from banks' balance sheets. The firm's direct lending strategies invest in senior secured and subordinated debt investments in companies across Europe either as the lead arranger or the sole lender. In strategic secondaries, it focuses on restructuring, mainly in North America, the United States and Europe with a focus on leading restructuring and recapitalization transactions for mature private equity funds. In fixed income solutions, the firm invests in leveraged loans and high yield bonds; corporate loans and bonds - segregated loan strategies as well as multi-asset credit funds; multi-asset credit strategies - European loans and European high yield bonds; CLOs in Europe and in the United States; Asset Backed Securities and securitized debt in Europe and in the United States. It is also a manager of third-party mezzanine, CDO, and Institutional Client Funds. It seeks to make balance sheet investments and seeks board attendance rights from its portfolio companies. ICG plc was founded in 1989 and is based in London, United Kingdom, with additional offices across Europe, North America, the Middle East and Asia Pacific.

Currency in GBP	2026
Net Income	478.40 Million
Eps	1.67
Epsdiluted	1.64
Weighted Average Shs Out	286.78 Million
Weighted Average Shs Out Dil	291.87 Million
Depreciation And Amortization	17.20 Million
Interest Expense	36.10 Million
Period	FY
Ebitda	N/A
Net Cash Provided By Operating Activities	N/A

ICG plc Annual Reports (10-K)