Intermediate Capital acquires Graphite Capital’s PE Business

December 30, 2015

On December 23, 2015, Intermediate Capital Group announced the acquisition of the private equity investment arm of Graphite Capital Management LLP for approximately £20 million.

Intermediate Capital Group (“ICG”) acquired the private equity investment business responsible for managing and investing the Graphite Enterprise Trust PLC, a London-listed investment trust. Graphite Enterprise Trust PLC’s strategy is to invest in unquoted companies to provide long-term capital growth. Upon closing of the transaction, ICG will rename the trust ICG Enterprise Trust. The transaction is subject to regulatory approvals.

ICG is an asset manager with an expertise in investing in private markets. Founded more than 26 years ago, it currently has €20.6 billion of assets under management. Graphite Enterprise Trust has been listed on the London Stock Exchange since 1981 and invests in private equity.

To read the press release: please click here.


Investment Manager M&A, Private Equity M&A, Transactions