Intermediate Capital Asia Pacific
ICG joins $250m round for Amp Energy India
Intermediate Capital Group (ICG) has joined a USD 250m investment in Amp Energy India, a renewable power platform serving various industrial and utility segments.
ICG invests in Korea's Big Mama Seafood
Intermediate Capital Group (ICG) has announced a second deal in three weeks from its fourth Asia fund – which closed last year on USD 1.1bn – with a commitment of undisclosed size to Korea-based Big Mama Seafood.
Deal focus: ICG finds alignment with doctor-shareholders
Intermediate Capital Group believes its flexible approach to deal structuring – and a willingness to share upside – helped win over doctors who are employees and part-owners of Canopy Healthcare
ICG closes fourth Asia fund on $1.1b
Intermediate Capital Group (ICG) has closed its fourth Asia Pacific fund with USD 1.1bn in commitments, with nearly one-third of the corpus already deployed across four deals.
ICG buys New Zealand's Canopy Healthcare
ICG has acquired Canopy Healthcare Group, a New Zealand-based healthcare platform that offers diagnostic imaging, medical oncology, and drug compounding services.
Livingbridge gets ESG-linked credit facility in Australia from Ares
Livingbridge has secured AUD 280m (USD 206m) in sustainability-linked credit facilities from Ares Management to support its acquisition of Australia-based waste management services provider Waste Services Group (WSG).
Private equity & credit: Seeking synergies
GPs are placing greater emphasis on Asia private debt strategies to capture deals that don’t work as private equity. Much can be achieved by pooling ideas and resources, but collaboration isn’t as straightforward as it seems
KV Asia exits Malaysian grocery retailer to ICG
Southeast Asia-focused private equity firm KV Asia Capital has exited TF Value Mart (TFVM), a Malaysia-based grocery retailer in which it has held a controlling stake since 2016, to Intermediate Capital Group (ICG).
Asia private debt: Inflection point?
With other pools of capital running dry for many companies, private debt has become a more appealing proposition. Institutional funds have a chance to impose themselves on a bank-driven market
Wooseok Jun to lead ICG Asia Pacific
Wooseok Jun, currently managing director and head of South Korea at Intermediate Capital Group (ICG), has been named head of Asia Pacific for the firm. He replaces Chris Heine, who retired at the end of 2018.
Fund focus: From Standard Chartered to Affirma
Standard Chartered's private equity team - now known as Affirma Capital - has finally secured its independence through a spin-out backed Intermediate Capital Group
ICG backs spin-out of Standard Chartered Private Equity
Intermediate Capital Group (ICG) has agreed to support a spin-out of Standard Chartered’s private equity business, taking the majority of the remaining $1 billion in assets off the bank’s balance sheet.
ICG appoints Southeast Asia PE, mezzanine head
Intermediate Capital Group (ICG) has appointed Escamillo Lin, formerly of CDH Investments, as managing director and head of Southeast Asia for private equity and mezzanine.
Growth mezzanine: Paying their dues
Growth capital situations can provide a healthy source of deals for established mezzanine investors, but high barriers to entry will pose challenges for newcomers
GP profile: Intermediate Capital Group
In recent years Intermediate Capital Group has branched out beyond traditional mezzanine to embrace deal structures that have no sponsor. It sees ample opportunities in Asia’s developed markets
Ryan Shelswell to replace Chris Heine as ICG's Asia head
Ryan Shelswell has been named head of Asia Pacific at Intermediate Capital Group (ICG), succeeding Chris Heine, who will retire from the company.
ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
Private debt: Feet on the ground
Investors see growing opportunity in Asian credit, but the region has proven difficult for foreign managers to address. Local expertise, particularly in emerging markets, can unlock the best returns
German strategic buys majority stake in ICG-backed Cura Group
German healthcare services and equipment provider Fresenius Medical Care has agreed to take control of Australia’s Cura Group, a hospital operator backed by Intermediate Capital Group (ICG).
Secondaries: The personal edge
Deep relationships within the GP community can make all the difference in terms of sourcing opportunities – and acting on them quickly – in Asia’s increasingly competitive secondaries market
PEP fully exits Australia-listed Link Group
Pacific Equity Partners (PEP) has completed its exit from Link Group, selling its stake in the Australian financial data and fund administration services provider alongside several other shareholders in a deal said to be worth A$872.3 million ($670 million).
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the...
Philippines' Monde Nissin to buy Quorn Foods from PE owners
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
PEP-owned Link Group seeks up to $665m in Australia offering
Pacific Equity Partners (PEP) portfolio company Link Group is looking to raise as much as A$946.5 million ($665 million) in an IPO on the Australian bourse.