Investment Summary

Intermediate Capital Group Invests In Staysure Group

On April 8, 2024, mezzanine finance firm Intermediate Capital Group invested in insurance company Staysure Group

Investment Highlights
  • This is Intermediate Capital Group’s 4th transaction in the Insurance sector.
  • This is Intermediate Capital Group’s 79th transaction in the United Kingdom.

Investment Summary

Date 2024-04-08
Target Staysure Group
Sector Insurance
Investor(s) Intermediate Capital Group
Deal Type Growth Capital
Advisor(s) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Staysure Group

Northampton, United Kingdom
Staysure Group is a travel insurance provider which focuses on older individuals and those with pre-existing medical conditions (PEMC). Staysure Group was founded in 2004 and is based in Northampton, United Kingdom.

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Investor(S) 1

Investor

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 289 of 293
Sector (Insurance) 4 of 4
Type (Growth Capital) 10 of 11
Country (United Kingdom) 79 of 80
Year (2024) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Groupe OCEA

Courbevoie, France

Groupe OCEA is a provider of smart water and heat metering infrastructure. Groupe OCEA is based in Courbevoie, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-25 Astek

Boulogne-Billancourt, France

Astek is an engineering and technology consulting that supports its international customers in the intelligent deployment of their products and services and the implementation of their digital transformation. Astek was formed in 1988 and is based in Boulogne-Billancourt, France.

Buy -