Tikehau Capital to arrange financing on behalf of CVC for its acquisition of BIP
Tikehau Capital, the global alternative asset management group, has arranged a HoldCo PIK financing to support CVC Capital Partners Fund VIII ("CVC") and BIP equity partners in its investment in BIP, a management consulting company specialised in digital transformation and innovation.
Founded in Italy in 2003, BIP is a leading international consulting firm present in 13 countries, with more than 3,500 employees and a turnover of EUR315 million in 2020 (31 per cent increase vs 2019).
Tikehau Capital has been backing BIP’s remarkable growth since 2018, supporting the company doubling its revenues and expanding internationally.
Tikehau Capital was advised by Proskauer and Gattai, Minoli, Partners as legal advisors and Simmons&Simmons as tax adviser.