8th November 2023 - LONDON – BIP, a leading multinational consultancy firm, announces itsacquisition of Verco, an award-winning energy management and sustainability business providingzero-carbon solutions for a wide range of organisations.Like BIP in the UK, Verco is a Certified B Corporation helping companies across industrial, centralgovernment, retail and commercial real estate sectors reduce their environmental impact with data-driven analysis, net zero strategies and transition plans.With this acquisition, BIP and Verco demonstrate their joint dedication to sustainability andaddressing climate change. Over 80 net zero Verco professionals will join forces with BIP’sSustainability Centre of Excellence for a more comprehensive and impactful service benefitingsociety and the planet.The partnership grants access to more extensive resources, cutting-edge technologies, researchassets, expertise and international talent, enabling BIP and Verco’s clients to better meet theirsustainability and ESG goals in an ever-evolving landscape.The deal is part of BIP Group's broader strategy of non-organic growth, expanding its geographiccoverage, supply of cutting-edge technologies, and international expertise and talent in the globalmarket. In addition to the UK, BIP is considering numerous options, with a focus on France andGermany.Danilo Perrucci, Head of Sustainability & Energy Management Global at BIP, comments: "We arethrilled to be working closely with Verco, an organisation that mirrors our dedication to providingsolutions for a zero-carbon future. With the world already experiencing the damaging effects ofclimate change, we look forward to leveraging our combined strengths to help meet the growingdemand for net zero and sustainability support across a wide range of business sectors.”Dave Worthington, Managing Director at Verco, added: “At Verco, our mission is to providesolutions for a zero-carbon world, by making a material difference to global carbon targets, buildinga community of passionate professionals, and entering long-term collaborations and partnerships.We are immensely proud of the strides we've made so far, and now, strengthened by BIP’s expertiseand geographic and sectoral breadth, we are poised to rapidly accelerate our mission.”The deal marks the beginning of an exciting new chapter, accelerating both companies’ sustainableimpacts on a global scale.For the acquisition, BIP was assisted by the law firm Allen & Overy, with a team led by Paolo Nastasi(Partner), and composed of Enrico Roveda (Associate), Davide Cinefra (Associate) and Chiara BasileBaldassarre (Trainee) from the Milan office, as well as Harsh Pais (Partner), Gareth Banfield(Counsel), Andrew Pang (Associate) and Frederic Pilkington (Associate) from the London office.KPMG followed all legal, labor, tax and financial due diligence activities, with a team led by LorenzoBrusa, Sabrina Pugliese and Valeria Peccerillo, and composed of Matteo Ghislandi, CosimoGarofalo, Simone Conti and Claudia Pussini.On BIP's side, legal activities were coordinated by Group General Counsel Lodovico Bianchi DiGiulio, while the M&A Team led by Managing Partner Andrea Airaghi and composed of GiovanniErrante Parrino (Director) and Stefano Luciano (Manager) followed all phases of the transaction upto closing.Verco has been advised by Waypoint Partners, Lee & Thompson LLP, Parisi Tax LLP and FrancisClark LLP.-ENDS-About BIPBIP is a leading multinational consultancy firm employing over 5,000 people worldwide. Its professionals offermanagement consulting and business integration services and lead companies in researching and adoptingdisruptive technological solutions. (ICE LONDRA)

Fonte notizia: BIP Press Office