Bank of Ireland confirms €10m IBI deal
Bank of Ireland has confirmed the sale of its corporate finance arm IBI Corporate Finance to management in a deal understood to be valued at €10m.
IBI, which is headed by Tom Godfrey and Ted Webb, precipitated the buy-out discussions with Bank of Ireland. The two men will continue to lead the business.
IBI provides advice to public, private and semi-state companies on strategic actions including mergers and acquisitions, disposals, growth capital, debt advisory and restructuring and strategic advisory projects.
Earlier this year the firm was ranked top corporate finance adviser in Ireland for the first half of 2017 by specialist M&A publisher MergerMarket.