MCI Group Completes €8M Equity Investment with Iris Capital
Published On February 10, 2011 |
MCI Group Holding SA, a Geneva, Switzerland-based global association, communication and event management group, has completed an €8m equity investment with Iris Capital.
The company, which is active in the organization of meetings, events and professional congresses for corporate and institutional clients, intends to use the proceeds from the investment to accelerate its development strategy of organic growth and acquisitions on an international scale, mainly in certain emerging markets with strong growth prospects.
In 2010, the group completed two acquisitions, aimed at strengthening its position in Australia and The Netherlands, and opened a new office in Korea.
Led by CEO Sébastien Tondeur, MCI delivers over 2,500 worldwide events annually with a staff of over 950 employees in its current 44 offices located in 22 countries in Europe, the Middle East, Asia-Pacific and Latin America.