MCI Group is accelerating its growth strategy by raising 8 million euro in equity funding from Iris Capital.
This additional funding will be used to reinforce MCI’s position in key growth markets and add new service lines
“This transaction is a testament to the solidity of MCI and our value proposition for our clients as we stride confidently into this new and exciting era for the global meetings and events industry.” comments Sébastien Tondeur, CEO of MCI.
MCI has announced plans to accelerate growth in 2011 and beyond.
Through a series of new strategic partnerships and acquisitions MCI, leading global association, communication and event management group, confirms plans to grow revenues by over 20% in 2011, with an emphasis on strong emerging markets and expanding its product offering to clients.
Further acquisitions in Argentina and Dubai strengthen MCI’s presence and value proposition in Latin America and the Middle East. In February 2011, Kaizen Eventos has become part of MCI.
Established for over 15 years, Kaizen Eventos is a market leader in Argentina in the field of corporate events, with a strong presence in the Finance, Insurance and FMCG sectors and capabilities in creative communication and technical production.
In the same month, Infomed Events, based in Dubai, has joined MCI. Infomed Events handles all aspects of event and congress management for corporations and associations.
Established in Dubai since 2004, Infomed Events specializes in the medical and pharmaceutical industries and has a strong existing client base all over the Middle East & Gulf regions.
These additions whilst reinforcing its global position, will enable MCI to offer more integrated solutions for clients in these growing markets.
MCI reinforces its public affairs practice and enhances its offering to associations around the globe.
The appointment of Fred Soudain, founder and partner of LOGOS Public Affairs (an independent Brussels-based public affairs firm) will enhance MCI’s Public Affairs offering to association clients.
MCI Public Affairs will focus on assisting organizations with strategy and public policy implementation through its expertise in a vast spectrum of policy fields including health, consumer, automotive, transport, energy & environment and sport.
