Investment Week: ICG Enterprise Trust PLC unveils £25m opportunistic share buyback programme ICG Enterprise Trust PLC (ICGT) is set to implement an "opportunistic" buyback programme for up to £25m, as part of the private equity trust's shareholder distributions for the 2025 financial year. In a stock exchange notice today (8 May), the £1.3bn trust said the scheme will run alongside its progressive dividend policy and long-term share buyback programme, which saw £13m worth of shares bought back in the year ended January 2024. According to chair Jane Tufnell, the latest share buyback programme will enable the trust to "take advantage of current trading levels where the opportunity to purchase shares in meaningful size and at a significant discount presents itself". Capital at risk. Professional investors only. For more information on ICG Enterprise Trust PLC, please contact Cadarn Capital at [email protected]. https://lnkd.in/eb2auZy2
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Main topic of discussion at last week’s IPEM conference in Paris: IRR < DPI - Distributions to Paid-In capital supersedes the once sacrosanct Internal Rate of Rate as a measure for outperformance across PE markets vs Public markets. GPs are utilising the #secondariesmarket to increase DPI as a result of the IPO exit and M&A slowdown. Buyout executives say distributions are ‘magic word’ after exit slowdown https://on.ft.com/4goq5UX
Buyout executives say distributions are ‘magic word’ after exit slowdown
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Private equity buyouts involve investment firms acquiring majority stakes in companies to enhance operations and increase value, with the goal of selling them at higher valuations. This process employs financial engineering, operational improvements, and strategic guidance to achieve these objectives. Private equity buyouts often involve leveraging debt to finance the acquisition. Investment firms are actively involved in the day-to-day operations of the acquired company. Private equity buyouts have the potential to transform businesses and drive growth. #private_equity #LBOs #MBOs #buyouts #Debt #leverage #Finance
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These concepts are the first few fundamentals that budding stock investors should learn about before they begin stock market investments. Initial public offer (IPO) and follow-on public offer (FPO) are two basic fundamental ways a company raíses money from the equity market. Companies can also raise money through corporate bond issuance. Explained ahead is the difference between IPO and FPO in detail, against different parameters. Did you like the information? Follow Abhishek Rawat for more such insights #stockmarket #finance #business #economy #personalfinance #wealth #nifty50 #sensex #banknifty #stockmarketindia #ipo #cfa #investing #equityresearch
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Where’s the value in share buybacks? Fund managers Matthew Tillett and Michael Shrives explain how businesses like Grafton are recognising their power. https://bit.ly/4aIeX13 For investment professionals only. Capital at risk. #valueinvesting #UKvalue #sharebuybacks
Share buybacks: an under-appreciated source of value? - Premier Miton Group
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I have been thinking a lot in the wake of the SPAC boom about whether alternative listing mechanisms such as direct listings might provide market participants like PE sponsors with more opportunities should the IPO window fully re-open. Check out my thoughts published at IFLR. https://lnkd.in/emcrXSVW
US direct listings may provide an attractive alternative to IPOs for PE
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Check out this great explainer on Leveraged Buyouts (LBOs). LBOs can be a complex topic, but this breaks it down well. What are your thoughts on the use of LBOs? Anyone have experience with LBOs they'd like to share? Do let me know! CA BHUSHAN SHAH Revati Watve Sahil Parakh Samyak Parakh DAMODAR PANCHAL Anirudh Chhajed Prashant Shah Vijay Vishwakarma Rahul Vaswani Krunal Patil
A leveraged buyout (LBO) is a financial strategy that is pivotal in the realm of investment banking and corporate finance. But what exactly does it entail? How It Works: The goal of an LBO is to allow companies to make large acquisitions without having to commit a lot of capital. By leveraging debt, the acquiring entity can potentially achieve a high return on equity. After the acquisition, the focus shifts to improving the financial health and performance of the acquired company to either sell it for a profit or to pay down the debt over time. Why It Matters: LBOs play a critical role in restructuring industries, driving efficiency, and fostering growth by enabling companies to undertake transformative acquisitions that may not have been possible through traditional financing methods. Leveraged buyouts are a testament to the strategic use of debt to fuel growth and reposition companies for future success. Stay tuned as we continue to explore more intricate financial terms that shape the world of investment banking. #bsmart #financial #strategy #investment #banking #lbo #profit #performance #equity #growth #transformative #traditionalfinancing #futuresuccess #industries #investmentbanking
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Evercore shares study on performance of continuation funds formed between 2018-2022. The firm published the findings of an independent study by HEC Paris Professor Oliver Gottschalg analyzing the Q2 2023 performance of 140 CVs. The study also compared the performance of single-asset CVs with buyout funds. Single-asset CVs perform largely in line with buyout funds but with lower return dispersion, it found. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets Nigel Dawn Lea Lazaric Calvert https://lnkd.in/dfsY4rAp
Evercore shares study on performance of continuation funds formed between 2018-2022
secondarylink.com
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In the latest issue of The FAST Take, Co-Head of the Financial Advisor Solutions Team Brendan McCurdy discusses private equity secondaries and explores some key benefits driving the growing popularity of the asset class. More from Brendan here: https://lnkd.in/emMn96SW #Secondaries #PrivateEquity
Why would someone sell good private equity assets at a discount? This answer is the key to the secondaries market—which has returned similar to private equity buyout funds from 2000-2023. More in the latest issue of The FAST Take on Secondary Private Equity: https://lnkd.in/gPcZPTAb
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The #PrivateEquity industry’s precipitous decline in deal count over the past two years leveled off in early 2024, and buyout funds globally are now on track to finish the year essentially flat vs. 2023’s count total. Explore our midyear report in-depth here. https://atbain.co/3yETIzL
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The #PrivateEquity industry’s precipitous decline in deal count over the past two years leveled off in early 2024, and buyout funds globally are now on track to finish the year essentially flat vs. 2023’s count total. Explore our midyear report in-depth here. https://atbain.co/3yETIzL
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