The International Private Equity Services Group (IPES) has established a presence with the opening of a new office in Jersey under the name of IPES (Jersey) Ltd. The IPES Group was founded ten years ago in Guernsey and provides specialist fund administration services to over 290 funds in the private equity sector. IPES employs over 100 people in Guernsey and London and is currently ranked one of the largest fund administrators in Guernsey by Lipper Fitzrovia. The Jersey team is headed by Andrew Mason, managing director. Mason recently moved from Kleinwort Benson and sits on the committee of the Jersey Funds Association.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint