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Intermediate Capital Group PLC (ICP.L)

ICP.L on London Stock Exchange

23 Feb 2018
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-22.00 (-2.05%)
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Latest Key Developments (Source: Significant Developments)

Intermediate Capital Group H1 assets up 14 pct; record net inflows
Tuesday, 14 Nov 2017 02:15am EST 

Nov 14 (Reuters) - Intermediate Capital Group Plc :Says ‍total assets at end-September up 14 percent from end-March to 27.2 billion euros..Says raised record ‍5.7 billion euros of new money, driven by Senior Debt Partners Strategy, which raised 4.2 billion euros over the six-month period​..Third-party fee earning assets under management down 1 percent to 18.5 billion euros due to impact of FX..Says ‍interim ordinary dividend up 20.0% to 9.0 pence per share​.Fundraising pipeline strong with a number of its larger strategies expected to begin raising successor funds in next 12 months.​.Investment company profits lower at 51.2 million pounds, (H1 2017: 92.2 million pounds), due to lower investment income​..Group profit before tax of 95.5 million pounds (H1 2017: 126.2 million pounds)​..Weighted average fee rate of 0.89 percent, down from 0.91 percent due to shift in mix of investment strategies​..Expects conditions driving long term attractiveness of alternative asset classes to remain even if central banks increase interest rates.​.Source text for Eikon: [ID:].  Full Article

Intermediate Capital Group says inflows in Q1 were 600 mln euros
Tuesday, 25 Jul 2017 02:00am EDT 

July 25 (Reuters) - Intermediate Capital Group Plc :Says inflows in Q1 were 600 million euros ($699.84 million)with robust demand for current fund raising.Says inflows in Q2 will be higher as a result of fund closes.Says total assets under management 2 percent lower at 23.3 billion euros and third party fee earning aum 3 percent lower at 18.2 billion euros.Says fund investment in line with expectations despite a competitive investment market.  Full Article

PAI Partners says in talks to sell majority stake in Domusvi
Thursday, 8 Jun 2017 05:10am EDT 

June 8 (Reuters) - PAI Partners::PAI Partners-entered negotiations with Intermediate Capital, Sagesse Retraite Santé for sale of majority stake in Domusvi, operator of nursing homes.PAI Partners: completion is subject to consultation with domusvi's works council, clearance from competition and regulatory authorities.PAI Partners- PAI was advised by Rothschild, BNPP and Goldman Sachs. Lazard was acting as financial advisor to ICG and SRS.  Full Article

Intermediate Capital Group assets up 3 pct in December quarter
Tuesday, 31 Jan 2017 02:08am EST 

Intermediate Capital Group Plc : Says total assets under management up 3 percent to 22.6 billion euros in the three months to end December. . Says raised 600 million euros of new third party money in the quarter. . Says third party fee earning assets under management up 5 percebt to 17.3 billion euros. . Says fundraising performance in line with expectations. . Says investment portfolio fell 4 percent in the quarter. .Says investment portfolio performance remains robust and funds performing in line with expectations..  Full Article

Intermediate Capital Group says H1 assets up 2 pct
Tuesday, 15 Nov 2016 02:19am EST 

Intermediate Capital Group : H1 assets under management up 2 percent to 22.0 billion euros. . Says group profit before tax of 126.2 million stg, driven by a strong period of capital gains. .Says to pay interim ordinary dividend of 7.5 pence per share, up 4.2 percent..  Full Article

Intermediate Capital Group AUM rise 1 pct in June quarter
Thursday, 21 Jul 2016 02:00am EDT 

Intermediate Capital Group Plc : Aum increased by 1% to eur 21.9bn . New third party money raised in quarter to 30 june 2016 totalled eur 0.8bn . Long term, market conditions remain favourable following eu referendum result . It is too early to assess impact of eu referendum, if any, on performance of underlying portfolio companies . Will continue to monitor brexit developments and react quickly to any possible impactInvestment and realisation pace may slow as uk m&a activity is expected to reduce in short term .Third party fee earning aum increased 2% to eur 16.1bn.  Full Article

Intermediate Capital assets up 20 pct to record 21.6 bln euros
Tuesday, 24 May 2016 02:09am EDT 

Intermediate Capital Group Plc : Total assets under management up 20 percent to a record 21.6 billion. . Group profit before tax of 158.8 million pounds (2015: 178.5 million pounds). . Board proposes a 200 million pounds special dividend to be paid in July 2016. .Firm says market environment continues to support its strategies; with strong demand from investors for diversified sources of higher yield and attractive investment opportunities..  Full Article

UPDATE 1-Intermediate Capital Q3 assets up 1 pct, lifts fundraising target

* Ups fundraising target, fund company operating margin (Adds detail from statement, CEO quote, bullet points)