The well-known adviser on corporate dealmaking, IBI Corporate Finance has confirmed its top managers have completed a buyout from Bank of Ireland. 

A $150m (€134.7m) purchase by One51 in the US, which it has described as “transformational”, will likely boost hopes for the plastics packaging firm to eventually float on the stockmarket.

The Cork-based Doyle shipping group has sold its share holding in the Irish Continental Group (ICG), which operates Irish Ferries, for €47m.