We seek investments in performing Western European mid-market businesses
Hakim Group is a portfolio of independent opticians founded by Imran Hakim with over 1,000 employees. It has grown rapidly to become one of the UK’s leading independent optician groups, including with expansion into Ireland and the USA. Hakim Group had around 120 practices upon All Seas Capital’s entry and has 170+ practices as at January 2021.
Hakim Group, headquartered in Darwen, operates through a distinct joint venture partnership model, acquiring a 50%+ controlling stake in partner practices alongside the optometrist or dispensing optician, who runs and operates the practice. Partner practices retain their brand and identity but gain access to Hakim Group’s dedicated back-office support team and infrastructure. The Hakim Group has a proven industry-leading acquisition model which has driven significant recent growth.
All Seas Capital is working with the founder and his team to continue to accelerate the on-boarding of new partner practices. We are also helping prepare Hakim Group for the next stage of growth by institutionalising and further embedding best practice within the existing business.