ICG Enterprise Trust realises Froneri investment with €41 million proceeds

ICG Enterprise Trust plc (LON:ICGT) has announced the realisation of Froneri. ICGT initially invested alongside PAI Partners in 2013 and reinvested in 2019. The investment in Froneri has delivered a strong return to ICGT, and cash proceeds from this realisation of €41 million have been received.

Froneri is a manufacturer and distributor of ice cream products and was ICGT’s largest company exposure at 31 July 2025, representing 2.7% of the Portfolio.

At 31 July 2025, ICG Enterprise Trust had Total Available Liquidity of £187 million and a gearing ratio of 5%. Pro forma for this announcement, ICGT would have Total Available Liquidity of £223 million and a gearing ratio of 3%.

Share on:

Written by: Amilia Stone

Latest Company News

ICG Enterprise Trust FY’26 results: look to future realisations

June 11, 2026

ICG Enterprise Trust’s end-January 2026 results reflected the benefits of its defensive growth strategy, with strong operating company performance, conservative NAV valuations and a 32% discount that appears anomalous against its long-term record and outlook.

ICG Enterprise Trust reports resilient FY26 portfolio performance

May 7, 2026

ICG Enterprise Trust posted a 4.8% local-currency portfolio return for the year to 31 January 2026, with strong realisations, high liquidity and continued shareholder returns.

ICG Enterprise Trust: Balancing growth, returns and risk (LON:ICGT)

April 1, 2026

Hardman & Co analyst Mark Thomas outlines ICG Enterprise Trust’s strong 2025 performance, disciplined capital allocation, and long-term strategy focused on delivering private equity returns with reduced risk and enhanced liquidity.

ICG Enterprise Trust Shareholder seminar 2026: resilience and growth

March 18, 2026

The 2026 seminar highlighted double-digit EBITDA growth, active portfolio management, and strong liquidity. With a focus on defensive private equity and shareholder returns, ICGT combines long-term outperformance with an unusually wide discount to NAV.

ICG Enterprise Trust – Doubling realisations: sustainability and impact

February 9, 2026

ICG Enterprise Trust’s 3QFY’26 update shows a sharp acceleration in realisations, with the nine-month run-rate around double that of FY’24–25.

ICG Enterprise Trust reports 2.4% Q3 NAV total return, raises FY26 dividend guidance

January 30, 2026

ICG Enterprise Trust plc delivered a 2.4% NAV per share total return for the three months to 31 October 2025, supported by £82m of realisations and disciplined investment activity.

ICG Enterprise Trust realises Froneri investment with €41 million proceeds

Latest Company News

Search

Follow us on Social Media: