ICG plc (LSE:ICG) entered into an agreement to acquire an unknown minority stake in Navarino Single Member S.A. from Viasat, Inc. (NasdaqGS:VSAT) on January 5, 2026. As part of the transaction, Navarino?s founders, Dimitris Tsikopoulus and Panos Tsikopoulos, will reinvest in the business, while existing investor Viasat will exit. ICG will collaborate closely with Dimitris Tsikopoulus and Panos Tsikopoulos, who will retain control of the company.

The transaction is subject to regulatory approvals. The transaction is expected to close by the end of March 2026.

Domius Capital Advisors LLP acted as financial advisor to Navarino Single Member S.A. Jordan Simpson and James McClymont of Milbank LLP acted as legal advisor to ICG plc (LSE:ICG).