ICG Enterprise Trust PLC - London-based private equity investor - Invests EUR10.0 million in KronosNet, in funds advised by Intermediate Capital Group PLC. Says that in total, on a look-through basis, ICG expects to invest EUR14.0 million in KronosNet.
"KronosNet will help global clients in a variety of end industries such as financial and insurance, technology, telco, retail and e-commerce, utilities, industrial and healthcare. The new group will serve more than 500 large corporates across Europe and America with the local expertise of over 130,000 employees," the company says.
Current stock price: 1,074.21 pence, up 8.6% on Tuesday
12-month change: down 9.0%
By Sophie Rose; sophierose@alliancenews.com
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ICG Enterprise Trust (ICGT)