Global Finance Acquires Controlling Stake in ICAP

Global Finance, through its latest buy-out fund, acquired a majority stake in ICAP. The company is the leader in Greece in the provision of business information services (including company financials, credit analysis and ratings), printed and on-line business directories and consulting services, with presence for over 40 years in Greece and a recently launched activity in Bulgaria.

The business information market has significant untapped potential and ICAP’s aim is to grow the existing business offering by expanding the range of services in relates areas, as well as establishing presence in other neighboring countries.

ICAP’s buy-out is in-line with Global Finance’s investment philosophy which is targeting control investment and regional expansion opportunities in South-Eastern Europe.

Global Finance, with offices in Athens, Sofia and Bucharest has been investing in South-Eastern Europe since 1991. It has raised more than €700 million and has made more than 60 investments.

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