IK Partners to acquire a minority stake in Seventeen Group.​

IK Partners, a European private equity firm specializing in investments across various sectors, agreed to acquire a minority stake in Seventeen Group, a UK-based independent insurance and risk management organization. Financial terms were not disclosed. "​Seventeen Group is proud to be the UK’s longest-serving independent insurance distribution group of scale. As we enter this next phase of growth, we are delighted to welcome the team at IK who share the passion and belief that our independent model provides a differentiated proposition for our clients, acquisition partners, and colleagues. This long-term investment reflects the conviction in our strategy, the opportunities ahead, and most importantly, is testament to the hard work of our staff which has enabled a great business to be built," Paul Anscombe, Seventeen Group CEO.