ICP.L Regulatory News (ICP)

24 Sep 2007 14:00

Intermediate Capital Group PLC24 September 2007 24 September 2007 For Immediate Release Intermediate Capital Group Announces Opening of New York Office and recruits local investment team Intermediate Capital Group PLC ("ICG") has expanded its global network with theopening of a New York office and the recruitment of 5 New York based seniorInvestment Executives to provide intermediate capital solutions to the NorthAmerican market. Christophe Evain, ICG's Managing Director with overall responsibility for the USbusiness, commented: "We are excited about expanding our network of officesthroughout Europe and Asia to include North America. Increasing demand for ourspecialty financing expertise, combined with the opportunity to hire a highlyqualified investment team, were key factors in the decision to open a US office.Our aim is to provide a valuable mix of global investment experience and sound,local knowledge." ICG America, Inc. will be managed by Jason Block, who joins from AlpInvestPartners, where he was a Partner responsible for mezzanine investments. Thesenior investment team also includes Gerald Chaney and Charles Rosse, also fromAlpInvest, Mike Anderson from ICG London, and Jon Marotta who has joined fromYork Street Capital Partners. Jason Block stated: "Over the past five years our previous company invested inICG Funds and partnered with ICG on numerous direct transactions. Based on theseexperiences, we developed a high regard for ICG and are delighted to join ournew colleagues. ICG has a terrific reputation and substantial experience inenabling companies to achieve optimal capital structures. We are excited aboutproviding financing solutions to buyout sponsors and management teams in NorthAmerica. I am also personally thrilled to be surrounded by such a strong,experienced team in the New York office." Christophe Evain said, "Sponsors and management teams alike value our long-term,partnership approach in complex financial transactions. The US Investment teamis well placed to develop our business in the region. The team has extensiveexperience in mezzanine and leveraged finance and a thorough understanding ofICG, its credit culture and people. By playing to our strengths of scale,flexibility and reliability we will build an attractive US business, therebygenerating profitable growth for our shareholders and healthy returns for ourFund investors. " The new office is located at: ICG America, Inc.250 Park AvenueSuite 810New York, NY 10177Tel: (212) 710-9650Fax: (212) 710-9651 Enquiries: Intermediate Capital Group PLC Christophe Evain, Managing Director +44 (0) 20 7628 9898 Janine Peake, Head of Investor Relations +44 (0) 20 7628 9898 ICG America, Inc. Jason Block, Co-Head of ICG America +1 (212) 710-9655 Brunswick Group Limited Helen Barnes / Leonora Pou +44 (0)20 7404 5959 Melissa Daly +1 (212) 333 3810 Further information on Intermediate Capital Group PLC Founded in 1989 and quoted on the London Stock Exchange, Intermediate CapitalGroup PLC is a leading independent investor in Leveraged Buyouts, and anestablished fund manager with over €10 billion third party funds undermanagement. ICG has a large and experienced investment team with 55 InvestmentExecutives operating out of ICG's head office in London, and offices in Paris,Madrid, Stockholm, Frankfurt, Hong Kong, Sydney, Tokyo and New York. Since itsinception, ICG has invested more than €8bn in mezzanine and equity in over 300transactions. Further information at: http://www.icgplc.com This information is provided by RNS The company news service from the London Stock Exchange