The 34.50 metre classic superyacht IBI (formerly Polycarpus) was built by Arsenal in 1949. She was converted in 2003 from a strong tug boat hull into a superyacht.
Ruben Doñaque oversaw her latest refits in December 2014 and March 2015 at STP in Palma de Mallorca. The last work required consisted of repairs to the bow area, where cement ballast had to be cut out and frames and plate sections of the hull were successfully replaced.