A Travers Smith team led by Phil Sanderson and Edmund Reed has advised Silverfleet Capital on the acquisition of Ipes, one of Europe’s leading providers of fund administration and outsourcing services to the private equity industry from RJD Partners, in a £50 million transaction. Completion is subject to obtaining regulatory clearances.

Ipes was founded in Guernsey in 1998 and today employs 130 staff, administering in excess of $50 billion of assets from four European offices in Guernsey, Jersey, London and Luxembourg. Ipes has over 90 clients and administers 230 funds. Ipes provides a wide range of fund administration and outsourcing services to the closed ended asset class with a particular specialism in private equity. Ipes also supports clients with compliance, banking and the administration of carried interest, co-investment schemes as well as listed funds.

Silverfleet is a longstanding client of Travers Smith and has significant experience of investing in heavily regulated businesses in the financial services sector, having successfully grown TMF to become a leader in the provision of outsourced management and accounting services on a global scale.

The Travers Smith team also included senior Corporate Associate: Will Yates and Corporate Associate: Genevieve McDermott,  Banking Partner: Jeremy Walsh and Financial Services and Markets Partner: Tim Lewis.

http://www.traverssmith.com/news-publications/press-releases/travers-smith-acts-on-acquisition-of-ipes/