Sunday September 20, 2020

Inbhear sold for €14 million to Britain’s Sanne Group

Jersey-based Sanne snapped up fund admin and services company to boost its presence in Dublin and give it a foothold in the Cayman Islands

Ian Guider

Markets Editor

2nd February, 2020

Inbhear, a north Dublin fund administration and services company, has been sold for just over €14 million to Britain’s Sanne Group.

Inbhear’s owners Gavin Gray and Michael Purtill will receive an upfront payment of €6.6 million and could reap a further €7.8 million depending on whether Inbhear hits certain financial targets over the next three years.

Sanne said it snapped up the Irish company to boost its presence in Dublin and...

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