ICG completed the acquisition of Hakim Group from All Seas Capital at a $638m valuation.

ICG, a private equity firm, completed the acquisition of Hakim Group, the UK’s largest family of independent opticians and audiologists, from All Seas Capital, a pan-European private capital fund, at a $638m valuation. Hakim takes on new investment from ICG, the global alternative asset manager and, as part of the transaction, All Seas has reinvested in the business to participate in Hakim’s next phase of growth, reflecting its belief in Hakim’s continued strong momentum.