Growth investor 3i Growth Capital has invested €37 million for a minority stake in KNEIP, a Luxembourg-based outsourcing partner to the investment fund industry.
3i’s investment will allow KNEIP to increase its service offering and expand its geographical reach, allowing it to build on its wide customer base, robust delivery platform and strong management team, the company said in a statement.
“We have built KNEIP into the market leader it is today,” says Bob Kneip, CEO of KNEIP. “We are excited about the opportunity to develop on this foundation and expand our existing services as well as offer new ones. 3i shares our vision for growing the business and is uniquely placed to support this growth through its in-depth knowledge of BPO and its extensive understanding of the financial services industry.”