Portfolio update: ICG Enterprise Trust investing in Newton

ICG Enterprise Trust plc (ICGT) is pleased to announce that it is investing in Newton Industrial Consultants Ltd (Newton) alongside funds advised by ICGT’s Manager, Intermediate Capital Group plc (ICG).

The investment is being led by ICG Europe Mid-Market Fund I. ICGT will invest as a limited partner in the Fund and also through a direct investment.

In aggregate on a look-through basis, ICGT is expected to invest approximately £13m in Newton. This figure relates to ICGT’s look-through position in the overall investment into Newton and is stated before any closing adjustments.

Newton is a market-leading and fast-growing consulting firm, with a particular focus on generating operational improvement for its clients. The company serves the world’s leading semiconductor chip makers and equipment manufacturers. Headquartered in Oxfordshire, Newton services a wide variety of leading corporations and employs over 400 people.


Analyst / Investor enquiries:

Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Head of Shareholder Relations, ICG
+44 (0) 20 3545 2000


Clare Glynn, Corporate Communications, ICG
+44 (0)20 3545 1395