Barings Supports ICG in Buyout of BIMM
Barings Supports ICG in Buyout of BIMM
LONDON, Dec. 15, 2020 /PRNewswire/ — Barings, one of the world's leading investment managers, announced today that it has served as the sole lender on a senior secured facility to support Intermediate Capital Group's (ICG) investment backing the management team of the British and Irish Modern Music Institute (BIMM), the leading provider of creative arts education in the UK with campuses in eight cities across three countries. Financial terms were not disclosed.
“BIMM caters to more than 7,500 students, providing them with high quality education and practical skills to enable them to pursue successful careers within the broad modern music industry. We are delighted to support BIMM in this new chapter of its growth,” said Joseph Buckley, Director in Barings' European Private Finance group. “We remain focused on investing in the highest quality businesses backed by top-tier financial sponsors. ICG's acquisition of BIMM certainly represents this.”