ICG Enterprise Trust Realises David Lloyd Investment
In an exciting recent announcement, ICG Enterprise Trust (“ICGT”) has successfully executed the realisation of its investment in David Lloyd. This strategic decision is not only a testament to the hard work and vision behind ICGT's investment strategy but also to the significant returns that have been achieved over the years.
Historical Context of the Investment
ICGT's journey with David Lloyd began in 2013 when it partnered with TDR Capital. This long-standing relationship has proven fruitful, as the investment has generated an impressive 28% internal rate of return (IRR) for ICGT. It highlights the trust ICGT has placed in its targeted investments and the diligent work put into monitoring and supporting the portfolio.
As of July 31, 2025, David Lloyd represented 1.4% of the total ICGT portfolio, showcasing its significance in the organization's overall investment strategy. The sale, which was recently executed, was done in accordance with the last reported net asset value (NAV), meaning ICGT has stayed true to its commitment to maintaining value as it navigates the ever-changing landscape of investment.
Financial Insights Post-Realisation
Following the successful sale of David Lloyd, ICGT received cash proceeds amounting to £20 million, adding to its liquidity. As of July 31, 2025, the total available liquidity for ICGT stood at £187 million, with a gearing ratio of 5%. With the recent sale and the previous announcement, ICGT's total available liquidity now reaches £243 million with an impressive gearing ratio of only 1%.
This recalibration of funds indicates a robust positioning for ICGT as it considers future investments, presenting opportunities for potential acquisitions and supporting the ongoing growth of its existing portfolio. The flexibility demonstrated by ICGT ensures that they remain well-prepared for the fast-paced investment environment.
About ICG Enterprise Trust
As a distinguished player in the field of private equity, ICG Enterprise Trust takes pride in its stringent investment approach, focusing on long-term compounding growth and consistently strong returns. Primarily investing in profitable and cash-generating private companies across Europe and the US, ICGT has established itself as a leader in the industry.
The trust's strategy revolves around direct investments as well as partnerships with funds managed by experienced teams who prioritize long-term value creation. Through active management and innovative strategies, ICGT supports its investees in achieving sustainable growth.
ICGT’s successful record of reliable returns is a result of a meticulously crafted approach that balances diversification with concentration, ensuring an optimal risk-reward ratio that underpins its investment philosophy.
Contact ICG Enterprise Trust
For more insights into ICG Enterprise Trust’s investment strategies or to discuss potential inquiries, reach out to the following:
Analyst / Investor Enquiries
For analyst or investor inquiries, please contact:
Martin Li, Shareholder Relations, ICG - +44 (0) 20 3545 1816
Nathan Brown, Deutsche Numis - +44 (0) 20 7260 1426
David Harris, Cadarn Capital - +44 (0) 20 7019 9042
Media Contacts
Inquiries related to media should be directed to:
Clare Glynn, Corporate Communications, ICG - +44 (0) 20 3545 1395
Frequently Asked Questions
What was the outcome of ICG Enterprise Trust's investment in David Lloyd?
ICG Enterprise Trust successfully realised its investment in David Lloyd, achieving a 28% IRR and receiving £20 million in cash proceeds.
How significant was David Lloyd in ICGT's overall portfolio?
As of July 31, 2025, David Lloyd represented 1.4% of ICGT's portfolio, making it an important element of their investments.
What is ICGT's strategy for investments?
ICGT focuses on creating long-term compounding growth by investing in profitable private companies, primarily in Europe and the US.
How can investors inquire about ICG Enterprise Trust?
Investors can contact Martin Li at +44 (0) 20 3545 1816 for inquiries related to ICG Enterprise Trust.
Where can I find more information about ICG Enterprise Trust?
More information can be found on their official website at www.icg-enterprise.co.uk.
