ICG agrees to €8-per-share buyout by management-backed Bluefin Bidco

Reuters2026/07/24 16:56

By:Reuters

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Bluefin Bidco agreed to buy Irish Continental Group for EUR 8 per share in cash, valuing the equity at about EUR 1.2 billion.
Bidco is controlled by ICG senior management, including Eamonn Rothwell, David Ledwidge, Andrew Sheen, Declan Freeman, holding about 23.7%.
Offer implies a 28.2% premium to the EUR 6.24 close on July 24, 2026.
Financing includes EUR 455 million of preferred equity, backed by GIP Credit Funds, and EUR 798 million of senior debt.
Completion targeted for Q4 2026, subject to shareholder votes, regulatory clearances, and court sanction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICG - Irish Continental Group plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607241255OMX_____CNEWS_EN_GNW1001214340_en) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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ICG agrees to €8-per-share buyout by management-backed Bluefin Bidco

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