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Business & Economics

IK Partners to buy minority stake in UK broker Seventeen Group

GlobalData
Summary
Nutrition label

80% Informative

IK Partners has agreed to acquire a minority stake in insurance and risk management company Seventeen Group .

The stake will be purchased from the founding shareholders and management team.

The deal awaits regulatory clearances.

It is IK 's first investment in the UK insurance space.

IK partner: "We have been very impressed by Seventeen ’s journey to date".

VR Score

75

Informative language

70

Neutral language

89

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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