Origins
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%.
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