BIP Investment Partners S.A.

The company was founded in April 2000 under the name BGL Investment Partners as a joint initiative of Banque Générale du Luxembourg (BGL) – now BGL BNP Paribas – and several private investors. The aim was to provide added momentum to regional entrepreneurship while at the same time offering shareholders a stable, high-quality revenue base. BIP was seen as heir to the traditions of BGL, with its long history of support for the creation and ongoing development of companies in Luxembourg and beyond. To continue and consolidate these achievements, the bank opted to contribute its institutional investment business to a new, independent company. This focuses talents and resources to unleash the value of existing firms and turn new ideas into business reality. The launch of BIP was associated with a capital increase through an Initial Public Offering, allowing other institutions and private investors to participate in the venture. Following this IPO, Banque Générale owned approximately 40% of equity, with the balance held by a group of core investors and members of the public. In February 2006, the company changed its name to BIP Investment Partners in the wake of the rebranding of Banque Générale. Meanwhile, BGL has discreased its share of capital to 10%, while the parent of insurance company La Luxembourgeoise increased its stake to 15%.