REG-ICG Enterprise Trust announces realisation of Datasite

ICG Enterprise TrustAnnouncement

22/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250722:nGNE9Xrdxh&default-theme=true


22 July 2025

ICG Enterprise Trust announces realisation of Datasite, its fourth largest
portfolio company

ICG Enterprise Trust plc (“ICGT”) is pleased to announce that it has fully
realised its co-investment(1) in Datasite, a provider of software focused on
virtual data rooms. At 31 January 2025, Datasite was ICGT’s fourth largest
company exposure, accounting for 1.9% of the Portfolio value. The
co-investment portion accounted for 1.6% of the Portfolio value.

As a result of the sale ICGT has received cash proceeds of $30 million (£22
million), representing a 3% premium to the valuation at Q1 FY26.

ICGT made an $18 million co-investment (£14 million) in Datasite alongside
ICG Strategic Equity V and CapVest in 2024. The transaction has generated an
attractive return, particularly given the short hold period(2).

(1) Following this transaction, ICGT will retain a small stake in Datasite
through its commitment to ICG Strategic Equity V. At 31 January 2025 this
indirect exposure represented 0.3% of the Portfolio value.

(2) Does not necessarily reflect the expected future performance and should
not be used to compare returns among multiple private equity funds.

Enquiries

 Analyst / Investor enquiries:                                     
 Martin Li, Shareholder Relations, ICG       +44 (0) 20 3545 1816  
 Nathan Brown, Deutsche Numis                +44 (0) 20 7260 1426  
 David Harris, Cadarn Capital                +44 (0) 20 7019 9042  
                                                                   
 Media:                                                            
 Clare Glynn, Corporate Communications, ICG  +44 (0) 20 3545 1395  
                                                                   
 Website:                                                          
 www.icg-enterprise.co.uk                                          

About ICG Enterprise Trust

ICG Enterprise Trust is a leading listed private equity investor focused on
creating long-term compounding growth by delivering consistently strong
returns through selectively investing in profitable, cash-generative private
companies, primarily in Europe and the US.

We invest in companies directly as well as through funds managed by ICG and
other leading managers who focus on creating long-term value and building
sustainable growth through active management and strategic change.

We have a long track record of delivering strong returns through a flexible
mandate and highly selective approach that strikes the right balance between
concentration and diversification, risk and reward.

Disclaimer

This report may contain forward looking statements. These written materials
are not an offer of securities for sale in the United States. Securities may
not be offered or sold in the United States absent registration under the US
Securities Act of 1933, as amended, or an exemption therefrom. The issuer has
not and does not intend to register any securities under the US Securities Act
of 1933, as amended, and does not intend to offer any securities to the public
in the United States. No money, securities or other consideration from any
person inside the United States is being solicited and, if sent in response to
the information contained in these written materials, will not be accepted