Intermediate Capital to profit from divestment of CPA Global
Investment firm and asset manager Intermediate Capital Group (ICG) said it has sold its stake in intellectual property management firm CPA Global to European private equity group Cinven.
Investment firm and asset manager Intermediate Capital Group (ICG) said it has sold its stake in intellectual property management firm CPA Global to European private equity group Cinven.
The transaction will generate total proceeds of £387m for ICG and the funds advised by ICG, of which £113m will be paid in cash on completion.
"The transaction will result in an additional £43m capital gain for ICG plc, which will be booked in the second half of the current financial year," ICG said in a statement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
ICG initial acquired a "significant" minority equity stake in Jersey-based CPA in February 2010.
By 14:57 on Wednesday, ICG shares were trading 6.22% higher at 266.3p.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Ofgem energy price cap to rise by 2% from October
Gas and electricity bills are set to increase in the final quarter of 2025 for millions of people on the energy price cap
-
73% of savers plan to rely on partner’s pension in retirement
A new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension