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ICG Enterprise Trust plc, a leading listed private equity investor, has released its preliminary results for the twelve months ended January 31, 2025. The companys actively-managed portfolio, focused on global mid-market private companies, has shown resilient growth, with a Net Asset Value (NAV) per Share of 2,073p and a NAV per Share Total Return of 10.5% during the year. The portfolio return on a Sterling basis was 10.6%, and portfolio companies reported approximately 15% earnings growth over the last twelve months.
During the year, ICG Enterprise Trust plc executed 40 Full Exits at a weighted-average uplift to carrying value of 19.0%. The company also returned £59 million to shareholders in FY25, through buybacks and dividends.
The companys sector positioning, strong origination network, and robust balance sheet position it well in the current market environment. Post-period end, the company announced an additional £107 million in proceeds from a secondary sale and the realisation of Minimax, its largest portfolio company.
The Chair of ICG Enterprise Trust, Jane Tufnell, and the Portfolio Manager, Oliver Gardey, both expressed confidence in the companys investment strategy and its ability to deliver long-term value. Tufnell highlighted the companys proactive approach to capital allocation and its commitment to providing value for shareholders.
The companys financial statements for the year ended January 31, 2025, are included in the report, along with a statement of expenses, details of the companys investment strategy, and a summary of principal risks and uncertainties.