Intermediate Capital Group

LBC Credit Partners Supports Growth Financing for Ambient Enterprises

Retrieved on: 
Wednesday, January 10, 2024
LBC, Real assets, Credit, London Stock Exchange, Heat, Partnership, Air conditioning, Pacific Northwest, History, Private equity, Ventilation, Consumer, Environment, Investment, HVAC, ICG, Intermediate Capital Group, Ambient, DMG, Security (finance)

RADNOR, Pa., Jan. 10, 2024 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Ambient Enterprises LLC ("Ambient"), a portfolio company of Intermediate Capital Group ("ICG").

Key Points: 
  • RADNOR, Pa., Jan. 10, 2024 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to Ambient Enterprises LLC ("Ambient"), a portfolio company of Intermediate Capital Group ("ICG").
  • The financing helped support Ambient's refinancing of its existing debt facility, the recent partnership with Johnson Barrow & DMG HVAC, and ongoing organic and inorganic growth initiatives.
  • LBC served as Sole Lead Arranger and Syndication Agent for the senior secured credit facility.
  • Ambient is a collective of heating, ventilation and air conditioning ("HVAC") design and implementation experts.

EV Charging Installer Platform ChargeGuru Strengthens European Position with Zeplug Merger

Retrieved on: 
Tuesday, November 28, 2023
European Commission, ICG, ACEA, Intermediate Capital Group, Growth, EV, Renewable energy

Paris, France – Tuesday, November 28th – EV charging installer platform ChargeGuru has strengthened its position in Europe by merging with Zeplug, the leading operator of charging infrastructures in apartment and office buildings.

Key Points: 
  • Paris, France – Tuesday, November 28th – EV charging installer platform ChargeGuru has strengthened its position in Europe by merging with Zeplug, the leading operator of charging infrastructures in apartment and office buildings.
  • The merger creates one of Europe's largest EV charging providers, with a comprehensive offering that spans the entire value chain, from installation to operation.
  • ChargeGuru's new offering is designed to meet the growing demand for EV charging services with a solution specifically designed for multi-family housing and office buildings.
  • Our objective at ChargeGuru in proposing the super innovative Zeplug offer that has proved its worth on the French market, is to emerge as the premier European leader in electric charging.

KBRA Releases Research – European CLO Manager Style Comparisons: October 2023 Update

Retrieved on: 
Thursday, November 16, 2023
Professional Services, Finance, Climate, Albacore, KBRA, Intermediate Capital Group, CQS, CLO, PGIM

KBRA UK (KBRA) releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.

Key Points: 
  • KBRA UK (KBRA) releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.
  • But this evaluation method can sometimes produce counterintuitive results and does not always consider a manager’s style and objectives.
  • Also, Ostrum, Brigade, CQS, and Nassau have been among the top 10 conservative managers in three out of the past five KBRA reports.
  • Opportunistic managers have become more convincingly opportunistic since our July report, while more conservative managers have become less convincingly conservative.

Mercatus Finance Announces Launch of Cash Flow Lending Business with Backing from Arena Investors

Retrieved on: 
Friday, October 13, 2023
Pillar, Investment, Intermediate Capital Group, ORIX, GB, Security (finance), Real estate, Mercatus

NEW YORK, Oct. 13, 2023 /PRNewswire/ -- Mercatus Finance ("Mercatus"), a cash flow lending specialty finance company, announced its official launch.

Key Points: 
  • NEW YORK, Oct. 13, 2023 /PRNewswire/ -- Mercatus Finance ("Mercatus"), a cash flow lending specialty finance company, announced its official launch.
  • Strategically backed with equity from Arena Investors, LP ("Arena"), Mercatus fills an important void for smaller companies seeking cash flow based loans from $20 million to $75 million.
  • Mercatus also has the flexibility, primarily in conjunction with first lien loans, to consider smaller second lien and subordinated debt and equity investments.
  • Mercatus targets lending to companies across industries requiring liquidity to support business transitions, organic growth, acquisitions, restructurings, and changes in ownership or control.

With Intelligence Announces That Motive Partners Has Acquired a Majority Stake

Retrieved on: 
Thursday, July 20, 2023
Professional Services, Data Analytics, Technology, Software, Finance, Asset Management, Fintech, Heartland Industrial Partners, Intelligence, Partnership, IOI, Institutional Limited Partners Association, BNY Mellon, EY, BlackRock, Value chain management capability, River, General partnership, OC, Intermediate Capital Group, Houlihan Lokey, Acquisition, Alvarez, Growth, Commercial, AI, Innovation, White, ICG, Cryptocurrency, Motive

With Intelligence, a leading provider of investment data and intelligence for allocating, fund-raising and business development in the public and private markets, announced that it has received a majority investment from funds advised by Motive Partners (“Motive”), a specialist private equity firm focused on financial technology.

Key Points: 
  • With Intelligence, a leading provider of investment data and intelligence for allocating, fund-raising and business development in the public and private markets, announced that it has received a majority investment from funds advised by Motive Partners (“Motive”), a specialist private equity firm focused on financial technology.
  • Intermediate Capital Group ("ICG"), who originally invested in With Intelligence in 2020, will invest further alongside Motive.
  • With Intelligence blends data from a variety of the platform’s proprietary brands, delivering insights that include profiles, fund information, performance metrics and analyst perspectives.
  • Motive Partners' financial advisor was Raymond James, and they were also advised by MDW Capital Advisory (Debt Advisor), White & Case (Legal), Plural Strategy, Oliver Wyman (Commercial), and EY (Financial & Tax).

Hardman & Co Research ICG Enterprise Trust (ICGT): Investor Day - defensive growth in practice

Retrieved on: 
Monday, July 10, 2023
Trust, Intermediate Capital Group, ICG, Security (finance)

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • ICGT hosted an Investor Day on 13 June 2023.
  • The 1Q trading update noted a small fall in NAV (forex-driven), with the underlying portfolio value growing 10.2% over the past 12 months in constant currency.
  • Please click on the link below for the full report:
    If you are interested in meeting the company, you can register your interest by clicking on the above link

Antares Capital Taps Seth Katzenstein as Managing Director to Build Out Firm’s Broadly Syndicated Loan Business

Retrieved on: 
Tuesday, January 10, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, Diamond, Business administration, Capital, ICG, University, Bachelor of Business Administration, Triple accreditation, Antares, Salomon Brothers, Intermediate Capital Group, CLO, Asset management, Business, Security (finance)

Antares Capital (“Antares”) announced today that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business.

Key Points: 
  • Antares Capital (“Antares”) announced today that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business.
  • Mr. Katzenstein will be based in New York and report to Vivek Mathew, Head of Asset Management.
  • Mr. Katzenstein brings more than 25 years of experience managing senior secured loan, high yield bond and distressed debt strategies across multiple market cycles.
  • “We are thrilled to welcome Seth, a seasoned professional, to the Antares team,” said Timothy Lyne, CEO of Antares Capital.

EQS-News: Andera Partners participates in the $138 Million Series C Financing of Amolyt Pharma led by Sofinnova Partners and co-led by Intermediate Capital Group

Retrieved on: 
Sunday, January 22, 2023
ICG, CTX, Novo Holdings A/S, Serum, Acromegaly, Calcium, Biomarker, Intermediate Capital Group, Series, Sofinnova, Growth, Patient, Hypercalciuria, Hypoparathyroidism, Vitamin D, Therapy, Pharmaceutical industry, Fine chemical

Funds will be used to complete phase 3 clinical development of eneboparatide (AZP-3601) for hypoparathyroidism, and advance AZP-3813 into the clinic for acromegaly.

Key Points: 
  • Funds will be used to complete phase 3 clinical development of eneboparatide (AZP-3601) for hypoparathyroidism, and advance AZP-3813 into the clinic for acromegaly.
  • $138M) Series C equity financing.
  • The financing was led by Sofinnova Partners and co-led by Intermediate Capital Group (ICG).
  • Cédric Moreau, partner at Sofinnova Partners and Toby Sykes, managing director at ICG, will join Amolyt’s Board of Directors.

Amolyt Pharma Announces $138 Million Series C Financing led by Sofinnova Partners and co-led by Intermediate Capital Group

Retrieved on: 
Friday, January 6, 2023
ICG, CTX, Novo Holdings A/S, Serum, Acromegaly, Calcium, Biomarker, Intermediate Capital Group, Series, Sofinnova, Growth, Patient, Hypercalciuria, Hypoparathyroidism, Vitamin D, Therapy, Pharmaceutical industry

$138M) Series C equity financing.

Key Points: 
  • $138M) Series C equity financing.
  • The financing was led by Sofinnova Partners and co-led by Intermediate Capital Group (ICG).
  • Cédric Moreau, partner at Sofinnova Partners and Toby Sykes, managing director at ICG, will join Amolyt’s Board of Directors.
  • “We are very pleased to complete this large Series C financing, which will enable us to build on our momentum with eneboparatide and accelerate the growth of Amolyt Pharma and its pipeline globally,” stated Thierry Abribat, Ph.D., founder, and chief executive officer of Amolyt Pharma.

Seaway Plastics Engineering Acquires MME Group

Retrieved on: 
Wednesday, October 26, 2022
Finance, Manufacturing, Professional Services, Engineering, Chemicals, Plastics, A&D, Health, Memorandum, Intermediate Capital Group, Risk, MME, Sale, Growth, Attention, ICG, Judgement, Investment, Consumer, History, Plant, All American Direct, Private equity, Acquisition, Exercise, Alvarez and Marsal, CEO, Real assets, Accounting, Environment, Plastic, London, Kirkland & Ellis, Terminology, FDA, Credit, Ownership, London Stock Exchange, Engineering, Bank, Insurance, Risk management, Seaway

Seaway Plastics Engineering (Seaway), a leading provider of injection-molded engineered components and value-added services to the medical device, healthcare, specialty industrial, A&D, and other end markets in the United States, today announced the acquisition of MME Group (MME).

Key Points: 
  • Seaway Plastics Engineering (Seaway), a leading provider of injection-molded engineered components and value-added services to the medical device, healthcare, specialty industrial, A&D, and other end markets in the United States, today announced the acquisition of MME Group (MME).
  • We are thrilled to have MME and its exceptional team join our business, said Tom Orr, President & CEO of Seaway.
  • The strategic combination of MME with Seaway enhances the strengths of both businesses and enables us to expand sales coverage and production capacity.
  • Seaway Plastics Engineering has established high standards for excellence and quality within highly regulated industries requiring tooling, plastic injection molding and secondary operations.