Intermediate Capital Group to acquire a minority stake in Broadstone from Living Bridge.

Intermediate Capital Group, an alternative asset manager in private debt, credit and equity, agreed to acquire a minority stake in Broadstone, provider of specialist pensions, trustee and employee benefits from Living Bridge. Financial terms were not disclosed. “We are delighted to be partnering with ICG as we continue to build a distinctive, integrated UK employee benefits group of scale. I would like to thank Livingbridge for their significant support over the last five years. Whilst it’s very much business as usual for our clients and colleagues, this backing will help us to continue to invest in our talent, solutions and services as we help our clients deliver on their commitment to their members and employees. In addition, it provides us with capital to make further quality acquisitions," Grant Stobart, Broadstone CEO.