It was announced yesterday that Silverfleet Capital, the European private equity firm, had completed its £50 million buyout of the Guernsey founded group from RJD Partners following final regulatory approval.
Staff across the business, including the 20 strong Jersey team led by local managing director Nigel Strachan, will now benefit from the proceeds of an employee ownership trust that was established by the firm’s founders.
The value of the trust has grown and the 150 employees in the group can look forward to their pay-out over the next 12 months.
Ipes chief executive Kevin Brennan said that the people made the business what it was today.
