Funds Managed by ICG plc Acquire BIMM from Sovereign Capital Partners

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.

ECI Partners Acquires Independent Governance Group (IGG)

October 30, 2024

Professional Services

ECI Partners has acquired Independent Governance Group (IGG), the UK provider of professional pensions trusteeship and governance services; LDC has exited its majority stake but has reinvested alongside ECI. Crescent Capital's European Specialty Lending strategy led the debt financing to support the transaction. IGG employs more than 200 people, serves 386 pension schemes with around £324bn of assets and will pursue further organic growth and acquisitions under ECI's ownership.

ICG Acquires Majority Stake in Lomond; LDC and Management Reinvest

December 2, 2024

Real Estate

ICG has invested in Lomond in a transaction in which LDC exits its original investment but will reinvest alongside ICG, founding Chairman Stuart Pender and Lomond management. The recapitalization provides capital to support Lomond's continued roll-up strategy and geographic expansion after the business grew from 600 to 1,900 employees and completed 65 acquisitions under LDC's ownership.

BPEA Private Equity Fund VIII (with Nord Anglia) Acquires IMG Academy from Endeavor

April 25, 2023

Education

BPEA Private Equity Fund VIII, an affiliated fund of BPEA EQT, will acquire IMG Academy from Endeavor Group Holdings for an enterprise value of USD 1.25 billion. The transaction is being completed in partnership with portfolio company Nord Anglia Education, which plans to integrate IMG Academy's sports-focused curriculum across its global school network and support IMG's international expansion, particularly into Asia.

iM Global Partner Takes Minority Stake in Trinity Street Asset Management

April 22, 2024

Wealth Management

iM Global Partner has acquired a non-controlling minority stake in London-based Trinity Street Asset Management, which had approximately US$8.6 billion in assets under management as of 31 March 2024. The Trinity Street partners will retain the substantial majority and continue to operate independently; the transaction is subject to FCA approval and is intended to expand iMGP's European product offering and global network.

MetLife Investment Management Acquires Affirmative Investment Management

August 29, 2022

Financial Services

MetLife Investment Management (MIM), the institutional asset management arm of MetLife, agreed to acquire Affirmative Investment Management (AIM), a specialist ESG impact fixed‑income manager with approximately $1.01 billion in AUM as of June 30, 2022. The deal expands MIM’s sustainable-investing capabilities and reporting/engagement expertise for institutional clients; the transaction closed in December 2022 after customary conditions and approvals.