ICC Consultants

What ICC Consultants does

ICC Consultants B.V. is an independent Dutch financial advisory firm headquartered in Utrecht, founded in 1979 by Eddy Markus as International Currency Consultants to provide foreign exchange hedging advice to Dutch importers and exporters. The firm has progressively expanded its service offering in three waves — interest rate advisory in 2000 following the introduction of the euro, debt and capital advisory in 2002 with the addition of experienced credit specialists, and commodity risk advisory in 2016 — and now operates through two wholly-owned subsidiaries, International Commodity Consulting ICC B.V. and ICC Debt & Capital B.V., both holding AFM investment firm licenses under article 2:96 of the Dutch Financial Supervision Act.

The company's core offering is split into two service areas. Debt & Capital Advisory covers growth finance, refinancing, leveraged finance, non-bank funding (access to over 100 domestic and international lenders), venture capital, M&A advisory (delivered in partnership with IMAP Netherlands), and business succession planning. Market Risk Advisory covers interest rate risk, currency risk, and commodity risk, including strategy development, benchmarking of bank proposals, pricing negotiation, transaction execution, and ongoing monitoring of derivative positions (IRS, Cap, Collar) with notionals ranging from EUR 10 million to EUR 1 billion. Underlying technology consists of professional-grade derivatives pricing systems identical to those used by major banks; ICC builds no proprietary software platform.

ICC operates a pure professional services revenue model, charging engagement-based fees paid solely by clients and explicitly never acting as a counterparty to transactions. Go-to-market is enterprise field sales targeting mid-market Dutch companies with financing portfolios exceeding EUR 10 million, primarily family-owned businesses and private equity-owned portfolio companies. Distribution is exclusively direct — relationship-led engagement with CFOs and managing directors — supported by content marketing through Eddy's Weekly Market Update newsletter, the biweekly Global Financial Markets report (published for 46 years), LinkedIn advertising, and a published library of client case studies. The firm employs approximately 30 people in Utrecht, structured as a flat organization with a senior bench in their 40s and 50s and a rapidly growing younger cohort intended to assume future leadership.

Name

ICC Consultants

Legal name

ICC Consultants B.V.

Website

https://icc-consultants.nl

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

ICC Consultants is an independent Dutch financial advisory firm founded in 1979 that provides debt and capital advisory alongside interest rate, currency, and commodity risk management services to mid-market companies, primarily Dutch family businesses and PE-owned firms with financing portfolios exceeding EUR 10 million.

Ownership category

akta.pro rank

Product category

Corporate Treasury Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Fee-Only Advisory (FSAEAAAL)

Keywords

• Debt advisory
• Treasury advisory
• Interest rate hedging
• Currency risk management
• Commodity risk management

Headquarters

HQ city

Utrecht

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Advisory Fees: ICC operates on a professional services model, charging clients directly for advisory services. The company is paid solely by clients and never acts as a counterparty to transactions. Services include debt advisory, interest rate hedging advisory, currency risk management advisory, and commodity risk management advisory.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

ICC Consultants is an independent financial advisory firm providing Debt & Capital Advisory (growth finance, refinancing, leveraged/acquisition finance, non-bank funding, venture capital, M&A, business succession) and Market Risk Advisory (interest rate, currency, and commodity risk hedging). The firm serves Dutch mid-market companies with total financing portfolios above EUR 10 million, working on a fee-only basis with no counterparty exposure. Services span strategy, benchmarking, negotiation, transaction execution support, and ongoing portfolio monitoring of derivatives notionals up to EUR 1 billion.

Product overview

ICC Consultants is a financial consulting firm offering advisory services rather than a software product platform. The company provides two core service areas: Debt & Capital Advisory (including growth finance, refinancing, leveraged finance, non-bank funding, venture capital, M&A, succession planning, and lender discussions) and Market Risk Advisory (covering interest rate risk, currency risk, and commodity risk). The firm also publishes the Global Financial Markets Report (biweekly for 46 years) and weekly market updates. ICC holds AFM licensing for investment advisory services and works primarily with mid-market companies with financing portfolios exceeding EUR 10 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Debt & Capital Advisory Independent advisory on financing strategies for mid-market companies, covering growth finance, refinancing, leveraged/acquisition finance, non-bank funding, venture capital, M&A, and business succession. Targets CFOs and managing directors of Dutch mid-market firms seeking optimal capital structure and favourable financing terms.
• Interest Rate Risk Advisory Independent advisory on managing and hedging interest rate risks, from strategy and benchmarking to transaction execution and ongoing monitoring of derivatives (IRS, Cap, Collar). Supports notionals from approximately EUR 10 million to EUR 1 billion. Conducted under ICC's AFM investment firm license.
• Currency Risk Advisory Advisory on managing currency risks and optimising foreign exchange results, including strategy development, timing analysis, pricing negotiation with banks, and ongoing monitoring. Anchored in the firm's founding FX advisory heritage and AFM-licensed investment advice on currency risk.
• Commodity Risk Advisory Advisory on managing commodity price risks for fuel, energy, and raw materials, including strategy identification, timing optimisation, pricing analysis, and ongoing monitoring of commodity hedges. Delivered via the International Commodity Consulting ICC B.V. subsidiary, which holds its own AFM license.
• Growth Finance Advisory on financing growth initiatives such as working capital, machinery, and premises. Considers bank and non-bank funding options including CAPEX facilities, asset-based facilities, and lease facilities.
• Refinancing Advisory on replacing or extending existing financing, including analysis of lender profitability and identification of future financing options in terms of flexibility, cost, and risk.
• Leveraged Finance Advisory on financing acquisitions for family and private equity-owned companies, providing feedback on feasibility, notional size, financing types, and associated conditions.
• Non-bank Funding Advisory connecting clients with over 100 domestic and international non-bank lenders (debt funds) for situations where traditional bank funding is unavailable or needs supplementation.
• Venture Capital Advisory Advisory on venture capital investments including partial ownership (shares) or subordinated debt, applicable for growth investments, acquisitions, or financing exceeding bank borrowing capacity.
• Mergers & Acquisitions Advisory Advisory on purchase and sale transactions, delivered in partnership with IMAP Netherlands, including market orientation, tender processes, exclusive 1-to-1 transactions, and financing for acquisitions, mergers, divestitures, MBOs/MBIs, strategic alliances, and joint ventures.
• Business Succession Advisory Advisory on succession processes and share transfers to the next generation, particularly for family-owned businesses, covering financial, legal, and tax aspects of ownership transitions.
• Discussion with Lender Advisory Facilitation of balanced communication between companies and their lenders to address regulatory changes, financing conditions, and risk perception differences.

Quantifiable outcome

• Royal Kaak achieved EUR 40 million guarantee line with low interest rate and 4-year commitment
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• IMAP NetherlandscoreStrategic or Co-development PartnerICC has a partnership with IMAP Netherlands for M&A advisory services. Together they advise on all aspects of purchase and sale transactions, including market orientation, tender processes, exclusive 1-to-1 transactions, and financing. Services cover acquisitions, mergers, divestitures, management buy-outs and buy-ins, strategic alliances, and joint ventures.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• MeesRisicobeheer: Independent Dutch interest rate, currency, and commodity risk management advisor. Directly competes with ICC's Market Risk Advisory practice for similar Dutch mid-market clients.
• Oaklins: Global mid-market M&A advisory with strong Dutch and European footprint. Overlaps with ICC on leveraged finance, M&A, and succession advisory for family-owned and PE-backed mid-market firms.
• IMAP: Global mid-market M&A advisory; ICC's established partner for M&A transactions in the Netherlands. Comparable on mid-market deal advisory even where structured as partnership.
• Lincoln International: Global mid-market investment bank with strong European debt-advisory and M&A franchise. Comparable on leveraged finance and M&A sub-services, though ICC is more locally embedded in the Dutch family-business segment.
• Zanders: Dutch treasury, risk and corporate finance advisory firm serving mid-market and corporate clients. Closely comparable to ICC in the treasury/risk advisory niche, with similar Dutch mid-market GTM.
• Marktlink: Dutch M&A and corporate finance advisory focused on mid-market and family businesses. Comparable target segment to ICC's Debt & Capital Advisory, especially succession and M&A sub-services.

Broad incumbents

• Deloitte Corporate Finance Netherlands: Deloitte's Dutch M&A and corporate finance team advises corporates and PE on transactions. Broader incumbent competing for the same Dutch mid-market mandates ICC serves.
• BDO Netherlands Advisory: Big-4-adjacent advisory in the Netherlands offering transaction advisory, corporate finance, and risk consulting. Competes with ICC for mid-market debt and M&A mandates as part of a much broader service portfolio.
• NIBC Bank: Dutch merchant bank offering corporate finance, debt advisory, and treasury solutions. A broader incumbent than ICC with bank balance sheet capabilities, but overlapping mid-market debt-advisory franchise.
• KPMG Deal Advisory Netherlands: KPMG's Dutch deal advisory practice offers M&A, debt advisory, and transaction services to mid-market clients. Overlaps with ICC's Debt & Capital Advisory, especially on leveraged finance and refinancing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICC Consultants