The division, which provides corporate and trustee services across countries including Jersey, Switzerland and Cyprus, made more than £8m of IFG’s £22.6m profit in 2011.
Gross assets for the arm were £64m at the beginning of 2012.
International division CEO Declan Kenny will remain at the helm following the sale, although he will resign from the board of IFG.
IFG CEO Mark Bourke said, “Strategic review had concluded that further investment to fund expansion or outright sale of the division were the optimal choices for the Group.
“After an initial approach an offer of £70m was negotiated. This sale represents an excellent price for this valuable business.
“The proceeds will provide options for the group including debt repayment, shareholder return and strategic investment in the SIPP and advisory businesses.”
Specialist private equity firm AnaCap focuses on investments in the European financial services sector, and has more than €1bn of assets under management.
The firm held the first close of its Credit Opportunities Fund II in January with commitments of £265m, surpassing its £250m target after five months on the road.
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