More than 100 influential Guernsey industry figures gathered together to recognise a year of growth for local private equity fund administrator Ipes as the Company celebrated one year since its Management Buyout at Pier 17 on September 24.
Lawyers, accountants and recruitment consultants associated with the island’s investment fund industry joined the Ipes team, including Chief Executive Kevin Brennan, CFO Gavin Hayman and Operations Director, Barry McClay, in the celebrations.
Speaking about the party, Kevin Brennan said:, “Despite the economic turmoil the Company has continued to grow and perform well financially since the MBO. It was a pleasure to celebrate our progress with so many of our partners within the Guernsey business community, all of whom have helped make this a successful year for Ipes”.
One year on from the buyout, Ipes continues to thrive in the private equity market. Having generated a strong pipeline of new business from both new and existing clients Ipes is now looking to recruit additional talent to help further establish the company’s position as a leading provider of fund administration.
Ipes was established in Guernsey in 1998 and is today one of the leading offshore providers of private equity fund administration services. Guernsey provides the main headquarters for the company but it has offices in Jersey and London and employs over 110 multi-skilled professionals.
A series of executive level appointments since the MBO have underpinned the Ipes success story. In particular the appointments of Richard Grainger as Chairman and Gavin Hayman as CFO have served to bolster the Ipes management team, whilst two directorship-level internal promotions have confirmed Ipes’ commitment to the development of their existing employees, and the local employment market.