Intermediate Capital Group | Stephens

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Financial Advisor

Intermediate Capital Group

Value Not Disclosed 04/01/2021 Financial Institutions Complete
Private Companies
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Transaction Details

  • On 1 April 2021, Intermediate Capital Group(“ICG”), announced the completion of its investment in The Broadstone Group (“Broadstone”) replacing the previous sponsor Livingbridge
  • Stephens advised ICG on the terms of the investment and also assisted in arranging a bank club term loan and acquisition debt facility from NatWest, AIG, Hermes and Bank of Ireland. Stephens also worked alongside ICG and Broadstone’s management team to identify additional M&A opportunities
  • Broadstone has grown rapidly under the leadership of CEO Grant Stobart, and with ICG’s support will be able to expand its areas of focus, both organically and through further M&A. Management was also able to make a substantial further investment in the business as part of the transaction

About the company

The Broadstone Group
Broadstone is a leading UK provider of specialist pension, trustee and employee benefits solutions, offering actuarial and investment advice, administration and independent trustee services, under the 20-20 Trustees' brand. The company advises employers and their employees, trustees and their beneficiaries, helping to navigate an increasingly complex regulatory landscape and evolving employee demands. Broadstone’s 520 staff work with c.1,500 clients, operating from nine offices located across the UK.

Intermediate Capital Group (ICG)
ICG is a global alternative asset manager managing €47.2bn of assets (as at 31 December 2020) in third party funds and proprietary capital, principally in closed-end funds. Provides financing solutions across the capital structure and operates across four asset classes, including corporate, capital markets, real assets and private equity solutions.

Sources: Company Materials and Press announcements
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