ICG appoints Peter Kirtley and Robin Molvin to build out mid-market origination capabilities

Intermediate Capital Group (ICG) has appointed Peter Kirtley and Robin Molvin, as Managing Directors for Subordinated Debt & Equity, as the first vintage raises €1bn.

Peter and Robin have joined the Company to support the deployment of €1bn of capital (including €100m from ICG’s balance sheet) raised for the first vintage of ICG’s Mid-Market fund. The new strategy, headed by Gareth Knight, was launched during 2019 as an adjacency to ICG’s successful European strategy; the seventh vintage of which closed with €4.5bn of capital in late 2018.

Peter and Robin are highly-experienced investment executives who will work alongside the broader European team to source transactions for the new Mid-Market strategy. Peter, who has more than 20 years’ experience in private equity and debt restructuring, has joined ICG in London from Beechbrook Capital, where he worked for four years leading equity and debt investments in UK corporates. Prior to that, he spent six years at Lloyds Banking Group as an Investment Director in the corporate restructuring division, leading equity restructurings and managing the resulting equity investments to maximise value recovery. He is based in London.

Robin has joined ICG from Swedish private equity firm Ratos where he worked for 13 years – most recently as a Vice President. Prior to that he worked at Nordstjernan for six years with a focus on building Nordstjernan’s investment activities. He started his career as a corporate finance analyst at Alfred Berg in 1997. He is based in Stockholm.

Benoit Durteste, Chief Executive of ICG, said:

Our European investment strategy has grown substantially in recent years and we are delighted that our dedicated Mid-Market strategy has attracted €1bn of capital for its first vintage. The appointment of Peter and Robin gives us significant additional firepower across Europe as we seek to deploy that capital.

Peter Kirtley commented:

ICG has an impressive track record across Europe and a great reputation in the market for partnership investing. I am excited to have joined the team as we look to deploy the capital we have raised into high quality mid-market corporates.

Robin Molvin added:

ICG is well-known for providing companies with flexible solutions, a differentiated strategy which I believe will continue to be very relevant and successful in the Scandinavian mid-market.