Excellera Partners with ICG for International Growth
Deal News | Aug 04, 2025 | Intermediate Capital Group (ICG)
Intermediate Capital Group (ICG) has formed a new strategic partnership with Excellera Advisory Group to facilitate the latter's future growth and international expansion. Through this collaboration, ICG replaces Xenon Private Equity as Excellera's financial partner, a transition expected to complete by autumn 2025. Excellera, an innovative platform established in 2022, aggregates seven leading advisory firms in Italy, and with ICG's support will aim to solidify its domestic position while pursuing broader international objectives across the EMEA region. Notable integration, such as the incorporation of INTWIG and the launch of Excellera Intelligence, are expected to bolster this growth trajectory. As a result, Excellera endeavors to transition from a national to an international leader in corporate affairs, retaining its constituent firms' distinct identities while merging them into a globally integrated framework. This marks a significant development as Excellera aims to challenge international consultancy giants, leveraging ICG's global platform and resources.
Sectors
- Private Equity
- Corporate Affairs
- Business Consulting
Geography
- Italy – Excellera Advisory Group is an Italian company looking to expand its presence internationally.
- EMEA – Excellera and ICG aim to solidify and expand the firm's operations within the EMEA region.
Industry
- Private Equity – This industry classification is relevant as ICG, a Private Equity firm, is entering into a partnership with Excellera Advisory Group.
- Corporate Affairs – The focus of the article is on Excellera Advisory Group, a leading player within the corporate affairs sector in EMEA.
- Business Consulting – Excellera's aggregation of advisory firms represents a significant aspect of the business consulting industry.
Financials
- Transaction set to close in autumn 2025 – ICG's financial engagement with Excellera, succeeding Xenon as partner.
- Majority of the management team's stake – Reinvestment by Excellera's management team into the partnership with ICG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Excellera Advisory Group | Target Company | Company | An Italian corporate affairs advisory group, comprising seven leading firms and focusing on strategic communications and public affairs. |
| Intermediate Capital Group (ICG) | Bidding Company/Buyer | Company | A private equity firm partnering with Excellera to support its international growth strategy. |
| Xenon Private Equity | Selling Company/Vendor | Company | Previous financial partner of Excellera before the transition to ICG. |
| INTWIG | Other Company | Company | Integrated into Excellera to support the data-driven approach of Excellera Intelligence. |
| Francesco Canessa | Individual | Person | Associated with ICG's European Mid-Market team, commenting on the partnership. |
| Auro Palomba | Chairman of the Strategic Committee | Person | Chairman at Excellera, involved in the strategic transition to ICG's partnership. |