ICGT co-invested $15m (c. £12m) into IRI in 2018 alongside New Mountain Capital, and at 31 October 2021, IRI represented c. 2.9% of ICGT’s portfolio value. The merger represents a strong return on invested capital for ICGT.
The merger is expected to close in the second half of 2022, subject to standard antitrust and international approvals, and other customary closing requirements.
NPD is a global provider of market information and advisory services, with a client base of over 2,000 companies. The merger brings together two businesses with similar client-focused, innovative, and collaborative cultures and complementary industry expertise to create a premier global information services provider for the consumer goods industry.
Analyst / Investor enquiries:
Oliver Gardey, Head of Private Equity Fund Investments, ICG
Colm Walsh, Managing Director, ICG
Chris Hunt, Head of Shareholder Relations, ICG
Livia Bridgman Baker, Shareholder Relations, ICG
+44 (0) 20 3545 2000
Clare Glynn, Corporate Communications, ICG
+44 (0)20 3545 1395