Quercus Corporate Finance is delighted to announce the sale of Leatherhead-based IBA Group Limited “IBA” to its management team in a buy out backed by Hockley Investments.
The Quercus team, led by Amanda Hall and Andrew Clegg, advised the IBA Board and shareholders on the transaction. Established in 1988, IBA has grown to be one of the leading aviation consultancies in the world. It provides independent, expert advice and analysis to commercial and business aviation clients, aircraft and engine manufactures and operators.
Amanda Hall, Founding Partner of Quercus said:
“Andrew and I are pleased to have successfully unlocked the considerable investment the shareholders of IBA have made in the business over the last 25 years and we wish the on-going management team and Hockley Investments every success in the future.
Laurie Hatcher, majority exiting shareholder, added:
“I am very pleased we have found a financial partner who is committed to investing long term in IBA and to helping the management team to grow the business from strength to strength. I am equally pleased to have worked with Amanda and Andrew on this deal. We appreciated their straightforward, objective advice and the years of tradecraft they bring to a transaction”.