Transaction

Raised finance for ECI to support the acquisition of IGG

Transaction

Raised finance for ECI to support the acquisition of IGG

Debt Advisory

Undisclosed

Role

Adviser to ECI to support the acquisition of IGG

Sector

Financial Services

Region

UK

We have advised ECI on raising debt facilities to support the acquisition of IGG, a provider of trustee, governance and advisory services to pension schemes. 

IGG was founded in February 2023 following the merger of two long-established firms, Ross Trustees and Independent Trustee Services (ITS), creating a singular destination for best-in-class professional pensions trusteeship, scheme secretarial, pensions managerial and governance services.

Today, IGG employs more than 200 people and its focus on an integrated approach with clients has won it 13 industry awards over the last three years. The business provides professional services to 386 pension schemes with total scheme assets of £324bn. 

Over the last 18 months, IGG has established a strong regional presence in Bristol, Birmingham, Edinburgh and Manchester alongside its London headquarters. In the process, it has added pensions and employee benefits communications and investment governance expertise to its core services, delivered under the Like Minds and IC Select brands respectively.

IGG has also invested in significant product and service innovation to help trustee boards fulfil their responsibilities to scheme sponsors and members. This includes the launch of IGGiQ, a proprietary SaaS platform that provides holistic, real-time analysis of a scheme’s investment performance, and the introduction of IGGnite, its consolidated governance model for small pension schemes.

IGG’s commitment to sustainability saw the launch of its Sustainability Charter last year, setting out commitments to work with schemes and industry to promote and drive responsible investment, as well as ensuring the long-term interests of members are best served.

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We were attracted by IGG’s fantastic track record of delivering award-winning pension services with excellent client retention, delivered by a highly skilled team. We’re looking forward to working with the IGG team on the next stage of the company’s growth, building on its phenomenal achievements so far. The company provides a strong organic growth opportunity due to growing demand for trustee and governance services as the pension regulatory environment continues to grow in complexity, and we also anticipate acquisitions to further boost growth.

Michael Butler, Partner, ECI
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It was great to have worked with ECI to understand their goals and objectives and secure a funding package that directly supported their acquisition of IGG. IGG is an exciting business which has grown considerably since LDC’s backing. We’re excited to see it continue its growth plans under ECI’s leadership.

Richard Clark, Partner, Clearwater

Advisers

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