IBI Corporate Finance acquired by DC Advisory

Tom Godfrey, chief executive of IBI Corporate Finance, with Richard Madden, UK chief executive of DC Advisory.

Irish financial advisor IBI Corporate Finance has been acquired by DC Advisory, the corporate finance arm of the Japanese investment firm Daiwa Securities Group Inc, for an undisclosed amount.

IBI provides advice to public and private companies across areas such as mergers and acquisitions, disposals, equity fundraising, and debt.

The company said that this deal means it will benefit from DC Advisory's international experts across 11 industries including tech, healthcare, consumer, and infrastructure among others.

Tom Godfrey, chief executive of IBI Corporate Finance and DC Advisory Ireland, said an integrated and 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,” he said.

IBI Corporate Finance was established in 1966, originally as a joint venture between Bank of Ireland, Morgan Grenfell and Schroders. Later it became a wholly-owned subsidiary of Bank of Ireland.

The IBI senior management team bought out the business from Bank of Ireland in 2017. IBI employs 28 staff at its office in Fitzwilliam Place in Dublin 2.

Richard Madden, chief executive of DC Advisory UK, said IBI has a “unique” reputation in the Irish market and “we look forward to complementing their talent and relationships with our sector expertise and international reach”.