ICG

Icg PLC

Financial Services First-pass screen £5.2bn

440/1000 Overall fit

AI beneficiary 35% 25

Operating leverage 25% 75

Valuation 25% 30

Downside protection 15% 60

First-pass take

No AI exposure evident in strategy or portfolio; strong operating leverage (19% fee growth, 60% margin) and low leverage (0.25x gearing) offset by lack of valuation multiples and zero AI beneficiary positioning.

Flags

no-ai-exposureno-valuation-datacyclicalasset-manager