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Consortium of lenders refinance the Pia Group, a Baltisse’s portfolio company

November 2022

Client(s) Belfius Bank NV/SA, BNP Paribas Fortis NV/SA, ING Belgium NV/SA, and KBC Bank NV

Jones Day acted as legal counsel to Belfius Bank NV/SA, BNP Paribas Fortis NV/SA, ING Belgium NV/SA, and KBC Bank NV in connection with the refinancing of Partners in Accountancy (PIA), the consolidation platform in the Belgian accountancy sector of Baltisse.

PIA Group (Partners in Accountancy) is a Belgian group of accountancy offices, which recently teamed up with the Dutch Brouwers Accountants Group. The Pia Group is Belgium’s 3rd largest accountancy and advisory group, and is active in Belgium and the Netherlands and boast nearly 50 branches and over 850 employees.

Baltisse NV is an investment firm based in Gent, Belgium and is the investment office of the family Balcaen. baltisse seeks to invest in capital markets, private equity and real estate sectors.

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