ICG Invests in Navarino as Viasat Exits Minority Stake

Reuters01-05
ICG Invests in Navarino as Viasat Exits Minority Stake

ICG plc has announced an agreement to support the founders of Navarino, a leading maritime technology company, as the company enters its next growth phase. As part of the transaction, Navarino's founders, Dimitris and Panos Tsikopoulos, will reinvest in the business and retain control, while ICG will provide a bespoke financing solution to support their long-term strategic objectives. Existing investor Viasat will divest its minority stake and will no longer hold an equity interest in Navarino following the close of the transaction, which is expected by the end of March 2026 pending regulatory approvals. The financial terms of the deal were not disclosed.

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