About Us

Group Identity

ICAP is the largest B2B Services Group with leading presence in Southeastern Europe, via 16 companies in Romania, Greece, Bulgaria, Cyprus and Serbia.

As of the beginning of 2007, ICAP’s strong majority shareholder is the SEEF fund of Global Finance, the largest private equity company in Southeastern Europe, while Coface, one of the world’s largest Credit Insurers and Business Information providers, is its minority shareholder.

The Vision of the Group is to be the most successful Business Services group in Southeastern Europe and its clients’ first choice, providing innovative solutions and diversification.

Today, ICAP’s workforce exceeds 1.000 employees, possessing the specialized knowledge, experience, capabilities and enthusiasm in order to offer high quality services to our clients. In addition, ICAP employs 2.500 people working at our clients’ premises, through the Employment Solutions Business Line.

As the leading provider of business information for credit, marketing and purchasing decisions in the Balkans, ICAP enables a wide range of business analyses to face every new business challenge. ICAP has developed modern and comprehensive solutions by exploiting its 56 year-long experience, dedicated analysts, new technologies and of course by drawing data from the largest business database in Southeastern Europe.

In addition, though ICAP’s exclusive representation of Dun & Bradstreet in Romania, Greece, Cyprus, and Bulgaria ICAP provides to its customers instant access to information on 300 million companies in more than 196 countries.

Moreover, ICAP has been recognized as Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA) and as an External Credit Assessment Institution (ECAI) by the Bank of Greece, under the regulations of Basel II and the E.U.

In Romania, ICAP operates since 2008 through its fully owned subsidiary ICAP Romania, offering the majority of the group services from its offices in Bucharest.

Our Vision is to be the most successful Business Services group in Southeastern Europe


A group of Greek and foreign entrepreneurs forms ICAP HELLAS Ltd. The first Greek Financial Directory is published. The Business Information unit commences its operation


SEEF Fund of Global Finance becomes a majority holder in ICAP Acquisition of Cycle & Action Plan. ICAP expands its operation in Bulgaria Romania and Serbia. ICAP is recognized by the Bank of Greece as an External Credit Assessment Institution (ECAI)


Accepted by the European Central Bank as a Rating Tool Source for the purpose of the Eurosystem Credit Assessment Framework. ICAP expands its operation in Cyprus. Cycle Bulgaria is established. ICAP begins a strategic partnership with Google, Hogan and Cut-e Assessments. Acquisition of Huthwaite in Greece.


ICAP is certified by the European Securities and Markets Authority -ESMA as a Credit Rating Agency (CRA). ICAP becomes a member of the Dun & Bradstreet worldwide network. ICAP begins its cooperation with NorthgateArinso and Kenexa.


ICAP’s sole representation of Dun & Bradstreet expands in Cyprus

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