ICG Agrees to Sale of InvestorForce to MSCI

ICG Agrees to Sale of InvestorForce to MSCI

RADNOR, Pa., Jan. 23, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE)
("ICG") today announced that one of its consolidated companies, Investor Force
Holdings, Inc., a leading software provider serving institutional investment
consultants and investment managers, has entered into a definitive agreement
to be acquired by MSCI Inc. (NYSE:MSCI), a leading provider of investment
decision support tools to over 6,000 clients worldwide, including asset
managers, banks, hedge funds and pension funds.

Under the terms of the agreement, MSCI will acquire InvestorForce for $23.5
million in cash. The transaction is subject to customary closing conditions
and is expected to be completed in the first quarter of 2013.

ICG's share of the cash proceeds related to the sale of InvestorForce is
expected to be approximately $20.7 million, approximately $2.1 million of
which will be subject to a customary indemnification holdback.Upon closing of
the transaction, ICG will record a gain of approximately $15.4 million on the
sale of its InvestorForce stake; the release of any escrowed proceeds to ICG
will result in additional gains. ICG does not expect to owe any income taxes
in connection with the transaction.

"We are pleased to be able to combine InvestorForce's innovative performance
reporting platform and its highly talented team of people with MSCI, a global
leader in the provision of investment decision tools," said Walter Buckley,
ICG's CEO. "We believe bringing these companies together will fully leverage
the unique capabilities we have built at InvestorForce to meet the needs of
the institutional investment market."

About InvestorForce

InvestorForce is the premier provider of performance reporting solutions to
the institutional investment community, providing investment consultants with
an integrated solution for daily monitoring, analysis and reporting on
institutional assets.InvestorForce's technology leverages automated data
collection to provide institutional investment consultants and their
institutional investor clients with greater operational efficiencies and
real-time insight, transparency and deeper analysis into investment
portfolios.The InvestorForce platform is used by institutional investment
consultants to report on over $3.5 trillion of assets for over 3,500
institutional plans.

About MSCI

MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and pension
funds. MSCI products and services include indices, portfolio risk and
performance analytics, and governance tools.

The company's flagship product offerings are: the MSCI indices with close to
USD 7 trillion estimated to be benchmarked to them on a worldwide basis^1;
Barra multi-asset class factor models, portfolio risk and performance
analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD
real estate information, indices and analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings; ISS
governance research and outsourced proxy voting and reporting services; FEA
valuation models and risk management software for the energy and commodities
markets; and CFRA forensic accounting risk research, legal/regulatory risk
assessment, and due‐diligence. MSCI is headquartered in New York, with
research and commercial offices around the world.

^1As of March 31, 2012, as published by eVestment, Lipper and Bloomberg in
September, 2012.

For further information on MSCI, please visit www.msci.com.

About ICG

ICG (Nasdaq:ICGE) identifies, capitalizes and grows companies in the
cloud-based software and services sectors.These companies transform the way
business is done by enabling enterprises to increase efficiencies and improve
and automate critical processes. ICG leverages its unique expertise to
carefully identify companies based on their potential to become
market-changers and market-leaders. ICG is focused on building profitable
businesses in the cloud-based software and services sectors by infusing them
with management expertise and strategic and operational guidance, as well as
growth capital.

The ICG logo is available at

 Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts
are forward-looking statements that involve certain risks and uncertainties,
including but not limited to risks associated with the uncertainty of future
performance of our companies, acquisitions or dispositions of interests in
companies, the effect of economic conditions generally, capital spending by
customers, development of the e-commerce and information technology markets
and uncertainties detailed in our filings with the Securities and Exchange
Commission.These and other factors may cause actual results to differ
materially from those projected.

CONTACT: Investor inquiries:
         Karen Greene
         Investor Relations

ICG Logo
Press spacebar to pause and continue. Press esc to stop.