RJD Buys IPES Holdings

RJD Partners, a mid-market private equity firm formerly known as Royal London Private Equity before spinning out of the Royal London Mutual Insurance Society, has made its second acquisition in August with the buyout of IPES Holdings, a provider of outsourced fund administration services to private equity sponsors.

RJD Partners was advised by BDO Stoy Hayward, DLA Piper, Carey Olsen, Willis and the Quinn Partnership. IPES was advised by Cavendish Corporate Finance, Bedell Cristin and Wyvern Partners.

Established in February 1998 by Connie Heylar, a former 'Miss Guernsey' according to The Telegraph, and her partner Peter Gillson, IPES provides back-office support to more than 300 funds for 56 clients groups, of which the nine largest each have more than