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(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 euros in 2020 (an increase of 31% compared to 2019). Apax is selling its majority stake to CVC after having supported BIP s outstanding growth and development since 2018. Under Apax ownership, BIP doubled its revenues and successfully rolled out its consolidation and internationalisation strategy while becoming an international leader in digital transformation and innovation consulting. ....