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ALTAMIR: Altamir announces the sale of BIP, which was held via the Apax Midmarket IX fund

(1) Paris, 3 June 2021 - Apax Partners SAS has reached an agreement with CVC Capital Partners to sell its majority stake in BIP. BIP President Nino Lo Bianco, CEOs Carlo Capè and Fabio Troiani as well as the other equity partners will continue to hold significant stakes and to manage the Group. Founded in Italy in 2003, BIP is now a leading multinational consulting firm with a presence in 13 countries. The company employs more than 3,500 people worldwide and generated revenues of 315 million e...
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Apax Partners in preliminary talks to sell Italian consultancy BIP: sources

2 Min Read MILAN (Reuters) - The private equity owner of Italy’s Business Integration Partners (BIP) is working with Rothschild and Equita on a sale that could value the Milan-based consultancy firm at up to 720 million euros ($868 million), three sources told Reuters. Apax Partners, which bought 61.5% of BIP for more than 200 million euros in 2018, is in preliminary talks with Carlyle, CVC Capital Partners and Intermediate Capital Group (ICG) over a possible deal, the sources said, speaking ...
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