Managers buy their company

Monday 18th August 2008, 3:00PM BST.

A GUERNSEY fund administration firm which opened a Jersey operation earlier this year has been bought by its management and backers RJD Partners for around £25 million.

IPES (International Private Equity Services Ltd), which opened a new office on the Esplanade in February, recently celebrated its tenth anniversary.

Company founders Connie Helyer and Peter Gillson will remain on the board as chairman and non-executive director respectively.

The other members of the board are Guernsey-based chief executive Kevin Brennan (who previously worked for Mourant), business development director Julie Jones, operations director Barry McClay, and Duncan Johnson, a partner of majority shareholders RJD.

Pictured: Director Anna Carrington, chairman Connie Helyar, managing director Andrew Mason, client director Sharon Browne and chief executive Kevin Brennan

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