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.
“I was very clear in my mind, what I was looking for from an investor. There were many that ticked some of those boxes, but only one that ticked them all. All Seas listened to our needs and structured a deal that was moulded around mutual objectives – None of the alternative options had the same flexibility and pragmatism in their approach. Through the investment process and our initial days of working together the team have delivered value at board level and throughout the organisation beyond my expectations – I’m confident I’ve chosen the right partner for our business and I’m looking forward to working together over the coming years.”
Imran Hakim, CEO, Hakim Group