Our role

We are pleased to have advised IK Partners (“IK”), a leading European mid-market private equity firm, on its minority investment into Seventeen Group (“Seventeen”). This transaction represents IK’s first investment in the UK Insurance market, building on a well-established track record of supporting similar businesses across Europe.

The investment represents a major milestone in Seventeen’s history. With the support of IK, the Group aims to further accelerate its growth, enhance innovation and leverage technology to capitalise on attractive opportunities in new and existing markets – all while staying true to the core values that have shaped the business to date. Investec acted as exclusive financial advisor to IK Partners. This transaction highlights our specialist expertise in the UK insurance market and experience in advising private equity investors across the mid-market.

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €19 billion of capital and invested in over 200 European companies.  IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects.

About Seventeen Group

Founded in 1982 and headquartered in London, UK, Seventeen is a multi-disciplinary insurance group which provides a comprehensive range of services, including broking, underwriting, risk and claims management.

At present, Seventeen operates from 25 offices across the UK, DACH and the Isle of Man, collectively managing around £400 million in premiums.