IBI Corporate Finance acquired by international investment bank DC Advisory

Finance advisor IBI Corporate Finance (IBI) has been acquired by international investment bank DC Advisory for an undisclosed sum.

The move will create and international independent investment bank in Ireland, and open up access to international buyers and assets, along with a pool of almost 700 bankers in 23 locations.

IBI will also gain expertise through DC Advisory that covers markets such as tech and tech-enabled services, healthcare, consumer, industrials, infrastructure, and real estate.

The financial terms of the deal have not been disclosed.

“Since its inception nearly 60 years ago, IBI has been the pre-eminent Investment banking advisory business in the Irish market. The leadership team has been focused on opportunities to grow our business in partnership with a truly international adviser that shares our values in terms of excellence, integrity and commitment to our clients,” said Tom Godfrey, chief executive of IBI Corporate Finance/DC Advisory Ireland. “A genuinely integrated international platform is hard to find, but essential to make a difference for our clients. In DC Advisory, we’ve found a truly global team with genuine depth of expertise. We’re united in values and our approach to delivering the right advice, domestically and internationally.”

Established in 1966 as a joint venture between Bank of Ireland, Morgan Grenfell and Schroders, IBI Corporate Finance became a wholly-owned subsidiary of Bank of Ireland before being bought out by the IBI senior management team in 2017.

“IBI has a unique reputation in the market, and we look forward to complementing their talent and relationships with our sector expertise and international reach,” said Richard Madden, chief executive of DC Advisory UK. “Ireland is a really exciting market and we believe the combination will make a real difference for our clients in Ireland and across the globe.”

DC Advisory, which is the corporate finance arm of Daiwa Securities Group, has operations in the US, Europe and Asia.


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