In July 2003, CVC Funds acquired the formerly quoted company IG Group. IG Group is the United Kingdom’s leading provider of speculative investment products with a collection of well-known and successful brands covering a global client base: from the leisure and retail markets through to high-end institutional investors across the globe.
These products include financial spread betting, contracts for differences (CFDs), foreign exchange trading, sports spread betting and binary betting. In May 2005, IG Group was successfully re-floated on the London Stock Exchange. CVC Funds now own 11.5% of the listed shares.
The original rationale was to back the management to continue to grow revenues and profitability by introducing new products, broadening the client base and driving international expansion.