We are pleased to announce that the sale of BTT has been formally and successfully closed. All conditions precedent set out in the Share Purchase Agreement (SPA) signed on April 3rd, 2025, have been fully satisfied, and the Closing Memorandum has been duly signed by all parties. As of May 1st, 2025, BTT is officially part of RCP.
RCP is an international private equity firm with a strong track record in supporting companies through transformation and growth. Their investment strategy focuses on operational improvement, and long-term value creation.
With this acquisition, BTT enters a new chapter. RCP’s support and expertise will provide the resources needed to stabilize the business and drive future growth, while continuing to serve their customers, partners, and stakeholders with the same commitment to quality and reliability.
The current management team will remain in place, and business operations will continue as usual.
We thank all employees, customers, and partners for their continued trust and support.
We are confident that with RCP’s support, BTT is well-positioned to thrive and grow.
We wish both the BTT team and RCP great success in this new chapter.
PRESS RELEASE
01/05/2025
