Apax France's Bip buys Mea Consulting

With this add-on, Bip intends to expand its offering to strategic advisory and M&A consulting, and further strengthen its position in the Italian market.

Apax France acquired a 60% stake in Bip from private equity firm Argos Wityu in March 2018, deploying capital from its €1bn Apax France IX fund. A small unitranche debt package was provided to support the deal, which valued the company at around €200m.

Following the acquisition, Bip's management team, led by CEO Fabio Troiani, retained the remaining 40% stake and continued to lead the business. The sale ended a four-year holding period for Argos Wityu, which acquired the company in May 2014, deploying capital from its Euroknights VI fund.

Founded in 2003 and based in Milan, Bip specialises in management consulting, business integration and digital transformation for the telecoms, media, energy, pharmaceutical, healthcare and financial services sectors. It has a presence in 11 countries worldwide, employs 1,800 staff and generates turnover of around €160m.

Company
Established in 2008 and headquartered in Bologna, Mea Consulting specialises in M&A and debt restructuring advisory, valuation, industrial planning, digital transformation, business process management, and marketing and communication planning.

People
Business Integration Partners – Fabio Troiani (CEO).
Apax France – Gilles Rigal, Damien de Bettignies (partners).
Mea Consulting – Laura Amadesi (founder).

Advisers
Acquirer – Aicardi & Partners (financial due diligence).
Vendor – I-Legally (legal).

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