Argos Soditic backs management buyout of BIP

The all-equity investment is designed to support the globalisation of the firm and the development of new services.

The company's founder and two managing directors are among the 12 members of the management team to have invested in the transaction.

Argos has earmarked a sum of up to €30m to support the firm's acquisitive growth strategy on a national and international level.

The GP committed capital from its latest fund, Euroknights VI, which closed on €400m in 2010 and exceeded its €360m target.

Company
Founded in 2003 and based in Milan, BIP is a management consultancy firm focused on energy and utilities, telecoms, new technology, media, financial services, healthcare and manufacturing.

The company expects its turnover to exceed €100m by 2016 with around 40% of revenues generated abroad. To achieve the target, the firm will focus on growth in existing markets including Brazil, Argentina and Malaysia and begin operations in Colombia, Peru, Turkey and the Middle East.

BIP's revenues grew by 36.5% between 2008-12.

People
Mirco Dilda is a partner at Argos and led the transaction.

Advisers
Equity – Hideal Partners, Lodovico Bianchi di Giulio (Corporate finance); Maisto, Paolo Ludovici (Tax); Equita (Corporate finance); New Deal Advisors (Financial due diligence); Studio Chiaravalli Reali & Associati (Legal); Allen & Overy (Legal).

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