ICG European Mid-Market Invests in Staysure Group

IK Investment Partners Acquires Majority Stake in You Sure

October 8, 2020

Insurance

IK Investment Partners, through its IK Small Cap II Fund, has agreed to acquire a majority stake in You Sure Investments B.V. from Synergia Capital Partners. The Netherlands-based insurance distribution platform, which operates as a broker and Managing General Agent (MGA) serving over 60,000 customers with more than 130 employees, will partner with IK to pursue further consolidation and organic growth in the P&C insurance market.

IK Partners Takes Minority Stake in Seventeen Group

March 13, 2025

Insurance

IK Partners' Partnership Fund III has agreed to acquire a minority stake in Seventeen Group, a London-headquartered independent insurance and risk management group that includes James Hallam and Touchstone. The investment will support Seventeen's growth strategy — including technology investment and consolidation opportunities across the UK and internationally — subject to regulatory approvals; financial terms were not disclosed.

Summit Partners Invests $122M Growth Round in Stay22

February 27, 2026

Cloud & SaaS

Stay22, a Montreal-based creator and travel monetization platform, raised a $122 million minority growth investment from Summit Partners to fund international expansion, product innovation and new vertical development. Summit Partners partners Colin Mistele and Daniel Kim joined Stay22's board as part of the transaction.

Intermediate Capital Group (ICG) Acquires Iver from EQT Private Equity

July 2, 2021

IT Services

Intermediate Capital Group plc (ICG) has agreed to acquire Iver Holding AB, a leading Nordic managed IT services provider, from EQT Private Equity (EQT Mid Market Europe fund). Iver, headquartered in Stockholm with more than 1,300 employees and strong multi-cloud, cybersecurity and IT outsourcing capabilities, was created by EQT through a merger and expanded via multiple add-ons; the transaction is expected to close in August 2021 for an undisclosed amount.

Management Buyout of Kee Safety Group Ltd Supported by Intermediate Capital Group

April 7, 2021

Industrial Services

The management team of Kee Safety Group Ltd has acquired the business in a management buyout supported by Intermediate Capital Group (ICG). The transaction provides an exit for private equity investors Investcorp and LDC; Kee Safety is a UK-headquartered global provider of fall protection and safe access solutions with c.£100m revenue and ~780 employees across 10 countries.

Ageas Acquires esure from Bain Capital to Create Top-3 UK Personal Lines Platform

April 14, 2025

Insurance

Ageas has agreed to acquire esure from Bain Capital for £1.295 billion (€1.51 billion), combining esure with Ageas UK to form one of the top three UK personal lines insurers. The deal expands Ageas's UK distribution (including strong PCW and direct channels), creates material operational synergies and is expected to close in H2 2025 subject to regulatory approvals.