ICG has made an investment in Hakim Group
Hakim Group
Hakim Group is the UK’s largest family of independent opticians and audiologists. Founded by Dr lmran Hakim in 2005, Hakim Group has grown quickly over the past 20 years by acquiring and partnering with over 500 independent optometry practices across the UK and Ireland. The company provides centralized support services to practices on its platform to support their growth, enabling practice partners to continue focusing on local teams and communities with cutting-edge optometry and audiology services.
The Deal
Lincoln International acted as the exclusive buy-side advisor to ICG, drawing on its deep sector expertise across consumer and healthcare to provide both mergers and acquisitions (M&A) and capital advisory services. The team leveraged its relationship with the sellers, insights into optical and M&A industry dynamics and knowledge of key market players to support ICG. The partnership will see ICG’s European middle market team support the continued growth of the business. The company’s existing partner, All Seas Capital, has demonstrated strong conviction in the momentum, leadership and business plan by realizing its investment and deciding to reinvest alongside ICG in this exciting next phase of development for the business. The additional capital will enable the company to welcome more practices onto its platform and serve more communities across the UK and beyond whilst investing in its team, technology, innovation and service standards for customers.
Our Perspective
Matthew Lee, Managing Director in Lincoln lnternational’s Healthcare Group, commented, “We are delighted to have advised ICG on their investment in the Hakim Group. Hakim’s impressive growth and strong community presence reflect the team’s deep expertise and commitment to enhancing patient care through innovation and partnership. With ICG’s additional financing and All Seas Capital’s reinvestment, we are confident this partnership will accelerate Hakim’s expansion and ability to deliver exceptional service across the UK while expanding both its international footprint and service offering.”
Harry Kalmanowicz, Managing Director in Lincoln’s Consumer Group, added, “This transaction highlights the attractiveness of resilient, well-established consumer healthcare platforms with strong local relationships and highly capable management teams. Hakim Group’s unique model of empowering independent practices through centralized support resonates strongly with evolving market dynamics, positioning the business for sustained growth and value creation with ICG’s backing.”
Meet our Senior Team
It’s extremely rewarding to work in one of the largest and most diverse global business sectors helping support clients to realize their goals.
Matthew Lee
Managing Director, Head of UK & Co-head of Healthcare, Europe
London
I build trust with clients by putting their interests first at all times.
Aude Doyen
Managing Director & Co-head of Capital Advisory, Europe
London
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