The deal is subject to regulatory approval, according to a statement released by Silverfleet.
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Silverfleet Capital said it plans to develop the business both organically and through acquisition with an emphasis on international expansion.
Ipes was founded in Guernsey in 1998 and today employs 130 staff, administering in excess of US$50 billion of assets from four European offices in Guernsey, Jersey, London and Luxembourg.
Ipes, which has over 90 clients and administers 230 funds, provides a wide range of fund administration & outsourcing services to the closed ended asset class with a particular specialism in private equity.
Ipes also supports clients with compliance, banking and the administration of carried interest, co-investment schemes as well as listed funds.
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By GlobalDataGeraldine Kennell, the partner of Silverfleet Capital responsible for financial services who will join the Ipes board, said: "Ipes has successfully pioneered a specialist approach to private equity fund administration and has an excellent track record. We have a deep understanding of this sector and specifically of working with heavily regulated businesses."
"The market environment is attractive for a dynamic management team with a clear plan for growth and we have significant experience in this sector to support the development of the business both organically and through buy and build," Kennell added.
