Our Portfolio

30 largest underlying companies

48%

OF THE PORTFOLIO

12%

LTM EARNINGS GROWTH (DEC 17)

10.6x

VALUATION MULTIPLE (DEC 17)

At 30 April 2018, our largest 30 underlying companies, which represent 48% of the portfolio, continue to perform well, with aggregate LTM earnings growth of 12% and revenue growth of 11%. As we look at the entire portfolio, the growth and valuation trends are similar, reflecting the high quality of the portfolio overall.

Top 30 Underlying companies

High conviction underlying investments Third party fund underlying investments
 
Name
Manager
Year invested
Value as a % of portfolio
1.
City & County Healthcare Group
Graphite Capital
2013
3.4%

Provider of home care services

UK

2.
DomusVi 1
ICG
2017
2.9%

Operator of retirement homes

France

3.
Visma 1
ICG & Cinven
2014 & 2017
2.5%

Provider of accounting software and accounting outsourcing services

Europe

4.
David Lloyd Leisure 1
TDR Capital
2013
2.3%

Operator of premium health clubs

UK

5.
Education Personnel 1/2
ICG
2014
2.2%

Provider of temporary staff for the education sector

UK

6.
Roompot 1
PAI Partners
2016
2%

Operator and developer of holiday parks

Netherlands

7.
nGAGE
Graphite Capital
2014
2%

Provider of recruitment services

UK

8.
Gerflor 2
ICG
2011
2%

Manufacturer of vinyl flooring

France

9.
PetSmart 1
BC Partners
2015
1.8%

Retailer of pet products and services

USA

10.
Ceridian 1
TH Lee
2007
1.8%

Provider of payment processing services

USA

11.
The Laine Pub Company 1
Graphite Capital
2014
1.8%

Operator of pubs and bars

UK

12.
ICR Group
Graphite Capital
2014
1.7%

Provider of repair and maintenance services to the energy industry

UK

13.
Froneri 1/2
PAI Partners
2013
1.6%

Manufacturer and distributor of ice cream products

UK

14.
Cambium 2
ICG
2016
1.6%

Provider of educational solutions and services

USA

15.
System One 1
TH Lee
2016
1.6%

Provider of specialty workforce solutions

USA

16.
Beck & Pollitzer
Graphite Capital
2016
1.6%

Provider of industrial machinery installation and relocation

UK

17.
Skillsoft 1
Charterhouse
2014
1.5%

Provider of off the shelf e-learning content

USA

18.
Frontier Medical 1
Kester Capital
2013
1.5%

Manufacturer of medical devices

UK

19.
TMF 2
Doughty Hanson
2008
1.5%

Provider of management and accounting outsourcing services

Netherlands

20.
Yudo 1
ICG
2018
1.4%

Manufacturer of components for injection moulding

South Korea

21.
Endeavor Schools 1
Leeds Equity Partners
2018
1.2%

Operator of schools

USA

22.
YSC
Graphite Capital
2017
1.1%

Provider of leadership consulting and management assessment services

UK

23.
Swiss Education 1
Invision Capital
2015
1.1%

Provider of hospitality training

Switzerland

24.
New World Trading Company
Graphite Capital
2016
1.1%

Operator of distinctive pub restaurants

UK

25.
U-POL 2
Graphite Capital
2010
1%

Manufacturer and distributor of automotive refinishing products

UK

26.
Cognito 1
Graphite Capital
2002
0.9%

Supplier of communications equipment, software & services

UK

27.
Compass Community
Graphite Capital
2017
0.9%

Provider of fostering services and children’s residential care

UK

28.
Random42
Graphite Capital
2017
0.8%

Provider of medical animation and digital media services

UK

29.
Intervias
TDR Capital
2014
0.7%

Operator of petrol station forecourts

UK

30.
Odgers 1
Graphite Capital
2009
0.6%

Provider of recruitment services

UK

1  All or part of this investment is held directly as a co-investment or other direct investment.
2  All or part of this investment was acquired as part of a secondary purchase.

Share price (ICGT)

852p
-4.48P (-0.52%)
4:30PM 16 Aug 2018
The share price information is delayed by at least 15 minutes

Net Asset Value

970p
As of 30 April 2018
Next update: October 2018 – Q2 results
Year Net assets NAV per share Share price Dividends per share
Jan 2018 £664m 959p 818p 21p
Jan 2017 £613m 871p 698p 20p
Jan 2016 £521m 731p 545p 11p
Jan 2015 £507m 695p 575p 15.5p
Jan 2014 £494m 677p 563p 15.5p
Jan 2013 £460m 631p 487p 5p
Jan 2012 £415m 569p 357p 5p
Jan 2011 £389m 534p 308p 2.25p
Dec 2009 £338m 464p 305p 2.25p
Dec 2008 £327m 449p 187p 4.5p

Disclaimer

The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the "Company") or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an “Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person ("U.S. Person") as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or to any national, resident or citizen of an Excluded Jurisdiction.

The promotion of the Company and the distribution of this website and the materials contained by it in the United Kingdom are restricted by law. Accordingly, this website and any materials contained by it should only be accessed by, and are directed only at:
(i) persons outside the United Kingdom to whom it is lawful to communicate to; or
(ii) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”); or
(iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order, provided that in each case the website and any materials in are only directed at persons who are "qualified investors" as defined in article 2(1)(e) of Directive 2003/71/EC (as amended) (the "Prospectus Directive") ("Relevant Persons"). Accordingly, this website does not constitute, and does not contain the information required to be contained in, a prospectus as required under the Prospectus Directive.

This website is communicated by ICG Alternative Investment Limited (“ICG AIL”), which is authorised and regulated by the UK Financial Conduct Authority. In communicating this website ICG AIL is acting for the Company and is not responsible for advising persons viewing this website or any other person, or for providing them with the protections which would be given to those who are clients of ICG AIL under the rules of the FCA.
The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance.

Your access to this website is governed by the above terms. The Company may change these terms. The changes will be posted on the website. Your access to this website is governed by the version of these terms then in force.

By clicking "I understand and agree" below, you represent, warrant and agree that you (1) have read and understood these terms and the other information set out above, (2) agree to be bound by the terms, (3) do not have a registered address in, and are not resident or located in, an Excluded Jurisdiction (or, if you do, you will not seek to make any investment in the securities of the Company), (4) are not a U.S. Person or a national, resident or citizen of an Excluded Jurisdiction (or, if you are, you will not seek to make any investment in the securities of the Company), (5) are permitted under applicable laws and regulations to receive the information contained in the pages that follow, and (6) agree that you will not transmit or otherwise send any information contained in this website to any person in the United States or to any U.S. Person for the purpose of that person considering an investment in the securities of the Company, or to any publication with a general circulation in the United States.
If you cannot so certify and agree, you must click the button labelled "I decline" or otherwise exit this website.