10/07/2021 Bach BidCo SPA (BIP) (BIPSPA) EUR275m 144A/Reg S sr sec 1st lien FRN due 10/15/28 (7y). NC1 (MWC B+50bp), then at 100. B2/B (stable/stable). Via BNP (B&D)/CA jt glocos & jt books/IMI/UniCredit jt books. No reg rights. Quarterly pay starts 01/15/22. CoC put at 101. List Lux, NY law. Settles 10/4 (T+5). Reg S ISIN: ZS2390292303 IPT: mid 4s. Px talk: E+425-450bp (WPIR). Priced: 3mE+425 at 100. Did global investor calls at 12:30 UKT 10/04, 1-on-1s 10/04-06. Books closed at 2:30pm 10/07. UOP: along with EUR5m cash on hand to repay the EUR275m bridge loan that was incurred to fund the acquisition of BIP by CVC from APAX France for EUR698m (EUR563m purchase price and EUR110m repayment of BIP debt), and EUR23m cash on the B/S. CVC contributed EUR368m in equity and EUR40m of Holdco PIK notes. Biz: Leading European consulting firms with expertise in management consulting, business integration and digital transformation to enterprise customers. HQ: Milan, Italy. (Acquisition completed 09/10/201).