Optima advises IPE Ventures on the acquisition of I4 Pay Partners

Optima Corporate Finance is delighted to announce the completion of the acquisition by IPE Ventures (through NMI Ventures) of I4 Pay Partners, a leading Umbrella Payroll Services provider to the Veterinary, Education and Public sectors. Optima advised IPE all aspects of the acquisition including valuation and deal structure, as well as helping to manage the financial Due Diligence process.

IPE will integrate I4 with Payme, a high growth FCSA Umbrella company which Optima previously sold to IPE. Philip Ellis, Director of Optima, said “We are delighted to have advised IPE on this transaction which helps them add scale to their existing operations and takes them in to new areas. The transaction had its complexities and took time, but we are confident that it will prove a valuable addition to the Group”.

Adam Fletcher, Group CEO of IPE Ventures, added “We are extremely excited to welcome the I4 business into the Group. Optima played an integral role in this transaction and I am not sure that we would have managed to complete the deal without Philip’s expertise and perseverance”.

Financial terms of the transaction are not disclosed.

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