European private equity firm IK Partners, via the IK Small Cap III Fund, is to acquire FCG, from international private equity group Bridgepoint.
The deal, which is subject to customary regulatory approvals, is expected to close in the second quarter of 2022. Financial terms of the transaction have not been disclosed.
FCG is a GRC services provider, offering advisory, outsourcing, GRC technology and fund administration services to the financial services industry.
Together with IK, FCG plans to continue its international growth strategy, further strengthen the service offering within key growth areas such as ESG. IK is acquiring its stake alongside management and key employees who will be reinvesting and remain significant shareholders. FCG will continue to be led by the CEO Kristian Bentzer and his team.
