Silverfleet Capital Buys Guernsey Fund Services Provider

By Editorial 27 August, 2013

Silverfleet Capital, the European private equity firm has completed its GBP50m (USD77.8m) buyout of Guernsey-founded fund services firm Ipes from RJD Partners following final regulatory approval.

This new backing provides a platform for Ipes to move to the next stage in its development with Silverfleet Capital and management planning to grow the business organically and through acquisition, with a focus on international expansion.

Silverfleet Capital replaces previous backers RJD Capital who in 2008 completed a management buyout of Ipes from the original founders.

Geraldine Kennell, the partner of Silverfleet Capital responsible for financial services and who sits on Ipes' board, commented: "We look forward to working with management to capitalize on significant opportunities in the outsourcing market, driven by growing regulatory and investor demands and new legislation such as AIFMD and FATCA."

Ipes currently employs 150 people servicing more than 100 private equity clients from offices in Guernsey, London, Luxembourg and Jersey.

Tags: Investment | Business | Private Equity | FATCA | Financial Services | Investment Funds | International Financial Centres (IFC) | Guernsey | Offshore | Legislation | Services | Expats | Europe |


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