Iris invests €8m in MCI

The private equity investor was attracted by MCI's position in the events management market. It also believes that the sector offers interesting consolidation opportunities, and that it is likely to grow rapidly in emerging countries going forward.

Founded in 1987, MCI is a communication and events management company based in Geneva. It advises its clients in the fields of association management, performance improvement, professional congress organisation (PCO), and meetings & events. The group currently employs 950 people across 44 offices worldwide.

The company will use the fresh funds to accelerate its ongoing acquisition strategy.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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