ICG invests in Navarino

Intermediate Capital Group (ICG) has entered into an agreement to support Navarino's founders, Dimitris and Panos Tsikopoulos, in the company's next phase of growth. Through its European Corporate strategy, ICG is providing a minority equity investment to back Navarino's expansion ambitions while preserving its operational independence. The transaction is notable for maintaining a strong alignment of interests among all parties. The founders are reinvesting a significant portion of their stake and retaining control of the business, while Viasat, a historical minority shareholder, is exiting its position entirely. This new shareholder structure is designed to provide Navarino with the necessary financial resources to accelerate its growth, enhance its technological capabilities, and capitalize on new opportunities in its key markets. The investment comes at a time of significant transformation in the maritime sector, driven by the increasing digitalization of vessels, the development of connectivity solutions, and growing cybersecurity concerns. Against this backdrop, ICG aims to support Navarino in expanding its service offering, launching new technology solutions, and accelerating its international expansion.

The acquisition of Navarino is part of the growth strategy of ICG, which already has several external growth operations under its belt, notably Magellan Partners in 2025.