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Intermediate Capital Group PLC (ICP.L)

ICP.L on London Stock Exchange

1,100.00GBp
13 Dec 2017
Change (% chg)

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740,696
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1,106.00
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673.50

Latest Key Developments (Source: Significant Developments)

Intermediate Capital Group H1 assets up 14 pct; record net inflows
Tuesday, 14 Nov 2017 

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 FY assets up 10 pct to 23.8 bln euros
Thursday, 25 May 2017 

May 25 (Reuters) - Intermediate Capital Group Plc :Total aum up 10 pct to eur 23.8bn, with eur 4.0bn of new money raised; third party fee earning aum up 19 pct to eur 18.7bn.Fundraising pipeline healthy with a number of our larger strategies expected to be raising successor funds in new financial year.Fund investment is on track whilst maintaining investment discipline in a competitive market.Fund management company profits up 21 pct to 74 mln stg (2016: 61.2 mln stg), with third party fee income up 27 pct.Investment company profits higher at 178.4 mln stg (2016: 97.6mln stg).Group profit before tax of 252.4mln stg (2016: 158.8mln stg); adjusted group profit before tax was 237.5mln stg (2016: 175.6mln stg).Final ordinary dividend up 23 pct to 19.5 pence per share and new dividend policy announced.Bond yields remain low, thereby impacting returns of traditional asset classes.Macroeconomic uncertainty, including but not limited to UK's decision to leave EU, may prolong and enhance positive trend in favour of alternative asset classes.Current fundraising environment is attracting new entrants into alternative asset management market..We have a eur 4bn per annum rolling fundraising target.We anticipate that financial year 2018 will meet or exceed long term fundraising target.  Full Article

Intermediate Capital Group AUM rise 1 pct in June quarter
Thursday, 21 Jul 2016 

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 

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

LPC-Banks line up €725m of loans for Nordic’s Alloheim buy

LONDON, Dec 7 Nine banks have lined up €725m of leveraged loans to back Nordic Capital’s acquisition of Germany's second-largest nursing home operator Alloheim, banking sources said.