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Tikehau Capital finances acquisition of Bip by Apax Partners

Tikehau Capital today announced it has supported Apax Partners in its acquisition of Business Integration Partners (“Bip”), an Italian consulting firm with international presence. 

Headquartered in Milan, Bip is a primary Italian management consulting firm providing business integration and IT / digital transformation services to support international blue chip companies in the research and adoption of technological innovation. The company, founded in 2003, has delivered strong growth over the year and posted revenues of EUR160 million in 2017. Bip has over 1,800 employees and is present in more than 11 countries.
 
Tikehau Capital provided Apax Partners with bespoke debt instrument that will enable to further accelerate the international development of the Company, and to smoothly finance add-on acquisitions.
 
Gilles Rigal and Damien de Bettignies, Partners at Apax Partners, says: “We are pleased to realise our first investment in Italy alongside Tikehau Capital. Tikehau provided a customised financing solution that fits with Bip’s growth ambition.”
 
Luca Bucelli, Head of Tikehau Capital in Italy, says: “This transaction further demonstrates Tikehau Capital’s willingness to invest in Italy and support the development of fast growing local companies with tailor-made capital solutions. Bip has an extremely strong business profile and management team. Alongside Apax Partners and the management, Tikehau is delighted to support the Company’s next stage of development.”
 
Tikehau Capital has been assisted by Latham & Watkins and Maisto e Associati.

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