ICG Enterprise Trust plc (formerly Graphite Enterprise Trust plc and before that F&C Enterprise Trust plc) is a large

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...

. It is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is a constituent of the FTSE 250 Index. In particular it is one of the largest investment trusts on the stock exchange with a market capitalisation of £820 million as at 27 November 2023.

History

The company was first listed on the London Stock Exchange in 1981 as an investment trust specialising in providing

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

for unquoted companies mainly in Europe and the US. After personal equity plans ('PEP's) were introduced by the

Chancellor of the Exchequer The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, t ...

Nigel Lawson Nigel Lawson, Baron Lawson of Blaby, (11 March 1932 – 3 April 2023) was a British politician and journalist. A member of the Conservative Party, he served as Member of Parliament for Blaby in Leicestershire from 1974 to 1992, and served ...

in 1987, the company was one of only three investment trusts, and the only one specialising in

to feature in the PEP performance leagues. The company developed a strong reputation for investment performance and was the UK's best performing investment trust between 1992 and 1997. It was managed by F&C Asset Management as F&C Enterprise Trust plc until May 2001, then by Graphite Capital as Graphite Enterprise Trust plc until February 2016, and then by

Intermediate Capital Group Intermediate Capital Group is a private equity investment firm focused on providing capital to help companies grow through private and public markets and provides a number of strategies and funds aimed at institutional investors. It is headquarte ...

as ICG Enterprise Trust since then. The chair is Jane Tufnell.

Significant venture capital investments

Significant venture capital investments in unquoted companies involving ICG Enterprise Trust include: * Olicom, a Danish computer software business * Wagamama, a restaurant chain specialising in

Japanese cuisine Japanese cuisine encompasses the regional and traditional foods of Japan, which have developed through centuries of political, economic, and social changes. The traditional cuisine of Japan (Japanese language, Japanese: ) is based on rice with m ...

Weetabix Weetabix is a breakfast cereal produced by Weetabix Limited in the United Kingdom. It comes in the form of palm-sized (approx. 9.5 cm × 5.0 cm or 4" × 2") wheat Biscuit#Variations in meaning of biscuit, biscuits. Variants include Org ...

, a

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing takes many forms, from grinding grain into raw flour, home cooking, and complex industrial methods used in the mak ...

business * Huntress Group, a UK white-collar recruitment specialist * Kwik Fit, a car

service Service may refer to: Activities * Administrative service, a required part of the workload of university faculty * Civil service, the body of employees of a government * Community service, volunteer service for the benefit of a community or a ...

and repair business * Park Holidays UK, formerly Cinque Ports, a caravan parks business * The Groucho Club, a Bohemian London club for people from the publishing, media, entertainment and arts industries * Micheldever Group, the UK's second largest distributor of tyres * The Laine Pub Company, a

Brighton Brighton ( ) is a seaside resort in the city status in the United Kingdom, city of Brighton and Hove, East Sussex, England, south of London. Archaeological evidence of settlement in the area dates back to the Bronze Age Britain, Bronze Age, R ...

-based pub business with 54 public houses

References

Financial services companies established in 1981 Investment companies of the United Kingdom Financial services companies based in the City of London Companies listed on the London Stock Exchange Companies in the FTSE 250 Index {{UK-company-stub