The EUR 220m-revenue company’s internal M&A team is scouting takeover targets, Capè said, as well as looking at target suggestions from Apax. It will hire legal and fiscal advisors once it has conducted due diligence on identified candidates, he added.

BIP is looking firstly at the Iberian Peninsula, having poached 25 consultants from KPMG Spain in June, he said, one of whom, Jesús Ruiz, was appointed CEO of BIP Iberia. The company aims to double its presence in Spain, capitalising on its cultural similarities with Italy, he said, adding that the Spanish and aims to have 240 staff within three years, from 120 consultants at present (…).