Hakim Group Partners with ICG to Boost Expansion Plans
Deal News | May 22, 2025 | Intermediate Capital Group (ICG)
Hakim Group, the largest family of independent opticians and audiologists in the UK, has announced a partnership with Intermediate Capital Group (ICG) to accelerate its growth. The new collaboration involves a bespoke financing solution from ICG’s European Mid-Market team, complemented by reinvestment from Hakim Group's existing partner, All Seas Capital. Founded by Dr. Imran Hakim, Hakim Group has expanded rapidly by acquiring and partnering with over 500 independent optometry practices across the UK and Ireland. The additional capital from ICG will enable Hakim Group to further expand its platform, improve services, and deliver its long-term vision to become the UK's leading provider in the sector. The deal, subject to competition clearance in Ireland, underscores the investors' confidence in Hakim Group’s growth potential and strategic goals.
Sectors
- Healthcare Services
- Private Equity and Investment Management
Geography
- United Kingdom – Hakim Group is based in the UK and the expansion plan primarily involves the UK optometry market.
- Ireland – The transaction is subject to competition clearance in Ireland, indicating its relevance to the geographic scope.
Industry
- Healthcare Services – Hakim Group operates in the healthcare services sector, particularly focusing on optometry and audiology services.
- Private Equity and Investment Management – ICG and All Seas Capital are involved in the private equity and investment management industry, providing structured capital solutions to support business growth.
Financials
- Undisclosed – The specific terms and financial details of the transaction are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hakim Group | Target Company | Company | The largest family of independent opticians and audiologists in the UK. |
| Intermediate Capital Group (ICG) | Investor | Company | A global alternative asset manager providing the capital to support Hakim Group's growth. |
| All Seas Capital | Investor | Company | A private capital firm reinvesting alongside ICG to support Hakim Group's expansion. |
| Dr. Imran Hakim | Founder and CEO | Person | The founder and current CEO of Hakim Group, leading the company's growth strategy. |
| Rothschild | M&A Advisor | Company | Advised Hakim Group on the transaction. |
| Cleary Gottlieb | Legal Advisor | Company | Provided legal advice to Hakim Group. |
| PwC | Financial and Tax Advisor | Company | Advised Hakim Group on financial and tax matters. |
| OC&C | Commercial Advisor | Company | Provided commercial advice to Hakim Group. |