ICG to invest in Livingbridge-backed Direct Ferries.

ICG, a private equity investment firm, agreed to invest in Livingbridge-backed Direct Ferries, a ferry aggregator. Financial terms were not disclosed. "We are impressed by the growth journey of Direct Ferries in recent years and are delighted to be its new partner alongside the existing shareholders. We see further growth in its core international consumer markets but also in its fast-growing B2B and Freight channels. It was a pleasure working with the Clearwater International team. Their combination of deep travel expertise and deal acumen was crucial to delivering a successful transaction. We look forward to working closely with Niall and the talented management team to fulfil its significant potential." Mark Piasecki, ICG Managing Director.