ICG agreed to acquire a majority stake in Excellera from Xenon.

ICG, a global alternative asset manager, agreed to acquire a majority stake in Excellera, an Italian corporate affairs advisory group, from Xenon, a private equity firm. Financial terms were not disclosed. "Today marks the beginning of a new chapter in the Excellera journey, a project we launched almost three years ago with the support of Xenon Private Equity. I am grateful for their trust, their vision, and all the work we’ve done together to build the strong foundations underpinning our growth. We are thrilled to welcome ICG as our new partner for the next stage of our journey. Their commitment to our ambition and their ability to inject new energy in our expansion path – including international acquisitions throughout the EMEA region – will be instrumental in shaping our future," Paolo Zanetto, Excellera CEO.