ICG has backed the acquisition of energy services business Inenco Group by private equity firm Vitruvian Partners.
The firm provided a unitranche debt facitilty to back the acquisition, and also made a minority equity investment in the business, according to a source close to the process. The enterprise value of the deal has not been disclosed.
The investment was made using capital from ICG Europe Fund V, the source added.
Vitruvian Partners, a UK-based mid-market buyout firm, led the acquisition using capital from its €925 million maiden fund.
Inenco was sold by energy and utility outsourcing company EnServe Group, which is owned by private equity firm Cinven. Cinven acquired EnServe in 2010 for £360 million (€417 million; $549 million).