SPIE Group Acquires ICG Group from H.I.G. Capital

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.

H.I.G. Capital to Acquire CGH Group

July 4, 2024

Manufacturing

H.I.G. Capital (via an affiliate) has signed a definitive agreement to acquire CGH Group S.A., a manufacturer of large, engineered storage tanks and tank accessories serving EMEA. The deal is subject to antitrust clearance and will support CGH’s growth plans including geographical expansion, product extension, and additional production capacity.

ICG and DGS Management Acquire DGS S.p.A. from H.I.G. Capital

June 11, 2024

IT Services

H.I.G. Capital has agreed to sell its portfolio company DGS S.p.A. to the company's co-founders and management team in partnership with ICG. The transaction transfers ownership from H.I.G. to a management-led group alongside ICG, positioning DGS for continued growth in cybersecurity and digital transformation services in Italy.

SPIE Acquires 85% Stake in Correll Group

December 7, 2023

Energy

French multi-technical services group SPIE will acquire 85% of Correll Group, a UK-based specialist in electrical engineering, installation and maintenance for the offshore wind sector. The deal expands SPIE Oil & Gas Services' footprint in offshore wind (it will be renamed SPIE Global Services Energy) and is expected to close in January 2024; Correll will retain 15% with management and contributes ~€55m revenue and c.109 employees plus 500+ contractors (2023).

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.

H.I.G. Capital Acquires Majority Stake in Infratech Bau GmbH

May 10, 2021

Infrastructure

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire a majority stake in Infratech Bau GmbH, a Meppen-based general contractor that builds FTTH broadband networks across northern and western Germany. The founders will remain in management and retain a significant share; H.I.G. said it will support Infratech's nationwide growth organically and through selected acquisitions.