ICFL's mission is to create value for our clients by providing the highest quality advice and execution management to buyers and sellers of industrial businesses. Founded in 2003 by executives of leading international banking groups, ICFL has established its reputation as a prominent source for highly experienced, results-oriented capabilities across the entire M&A transaction spectrum.

As sector-based experts, ICFL's projects span the entire globe. We work in developed markets such as Europe and North America as well as emerging markets including China, India, Brazil and the Middle East.

ICFL's extensive range of successfully completed transactions positions the firm as knowledgeable advisors with a problem-solving approach.

Our most important tenet is to provide experienced-based, independent, un-conflicted advice and services to our clients.


ICFL's industry expertise is broadly based across all sectors. ICFL represents corporate clients and financial sponsor groups, and we are aware of the objectives of each client base. Our transaction expertise includes acquisitions, divestitures, restructurings and joint ventures.

Whether managing key transactions on a day-to-day basis, or solving critical deal problems - ICFL's knowledge and experience comes to the fore.

Our senior bankers average more than 20 years of experience in leading M&A assignments within major European and American banking firms. The backgrounds of ICFL's team cover wide ranging geographies and transaction types.


Meet the Team


Dalton Dwyer

Managing Director

Dalton founded ICFL in 2003 following more than 25 years in investment banking in North America and Europe. Prior to founding ICFL, he was Managing Director and Head of European Industrials Investment Banking at Deutsche Bank in London. At predecessor Bankers Trust Company in New York, London and Chicago, he was Managing Director and a Corporate Partner responsible for The Basic Industries Group. Dalton also managed businesses for Bankers Trust in High Yield Bonds / Leveraged Finance, Restructuring Advisory and Private Equity.

Dalton holds a B.S. in Finance from the University of Illinois and an MBA from DePaul University in Chicago. Dalton is a Trustee of the University of Illinois Foundation UK.


Ian Johnson

Managing Director

Ian has been with ICFL since its inception. Previously, he was a Vice President in Deutsche Bank's European Industrials group, focused on European building products and metals and mining sectors. Prior to Deutsche Bank, Ian was Chief Financial Officer of America Mineral Fields, Inc., a Canadian junior mining company.

Ian was also a Vice President in Merrill Lynch's London Mergers and Acquisitions group. Ian holds an MBA from London Business School and a Bachelor of Commerce from Trinity College, University of Toronto. Ian is fluent in German and French.