Sale: IFC Group
Specialist fire safety consultancy IFC Group (“IFC”) has been acquired by Kiwa NV. IFC is an internationally recognised fire safety engineering, risk assessment and certification business with 35 years’ experience in the industry and revenue of approximately £10m. Kiwa NV is a leading testing and inspection, certification, training and consultancy services with global operations and revenue in excess of €0.5bn. Kiwa is privately owned and headquartered in the Netherlands.
Legal advice was provided by the corporate team at Herrington Carmichael led by Yavan Brar and supported by Emma Roper.
Crowe's team and role
Crowe’s Thames Valley Lead Advisory team, led by Mark Allen and supported by Alex Sowerby, managed the sale on behalf of Graham Wiles, IFC’s sole shareholder. Crowe successfully navigated a challenging process during the pandemic, leading negotiations with the buyer and providing critical advice and support to both the vendor and the target business. Crowe’s Transaction Services (Bob Alsop, Ed Elliott) and Transaction Tax (Jane Mackay, Tiina Weekes) teams provided specialist advice alongside.
Client quote
“I am very grateful to the team at Crowe for their invaluable advice during the transaction. Their calm and pragmatic approach directly led to the successful outcome. Mark and his team provided hands on support where required and they skilfully handled some sensitive issues during the negotiation stages. I hope there is an opportunity to work together again.”
Graham Wiles,Managing Director and shareholder of IFC
