RJD disposes of Ipes fund group

Buyout firm RJD Partners has sold fund administration company Ipes in a deal valuing the outfit at £50m. Ipes, which administers around $50bn (£32.8bn) in assets, has been sold by RJD to fellow private equity company Silverfleet Capital. RJD originally backed the company with £25m in 2008. The Ipes deal is the fourth realisation from RJD’s second fund, which closed in 2007.