Hakim Group Partners with ICG Europe for Growth

ICG Europe’s Mid-Market Fund II has collaborated with existing private capital firm All Seas Capital to implement a unique financing arrangement for First Wave I Limited, known as Hakim Group. Hakim Group, established in 2005 by Dr. Imran Hakim, has emerged as the UK’s largest conglomerate of opticians and audiologists through extensive strategic acquisitions and partnerships across the UK, Ireland, and the Channel Islands. ICG, a prominent global alternative asset manager with a portfolio exceeding $112 billion, is investing alongside Hakim’s management team, who are converting a substantial equity stake into the new financing structure. With a robust presence in more than 20 global locations, ICG allocates client capital in areas such as structured capital, private equity secondaries, private debt, credit, and real assets. The advisory services for this transaction were provided by Goodwin, a law firm known for its prowess in private equity and corporate finance. The deal was executed by a comprehensive team from Goodwin, led by experts across various practices, including private equity, corporate finance, tax, employment, real estate, and regulatory affairs.