EdRip takes minority stake in MCI

The GP secured a minority stake in the business and invested via the Winch Capital 2 fund, which closed on €250m in 2009. The vehicle usually commits €5-15m per investment.

This is the fund's 14th deal, following investments including Unitedcoatings and Groupe DEFI. EdRip is planning to start marketing the vehicle's successor, Winch Capital 3, this year with a target of at least €250m.

EdRip will join Iris Capital as a minority shareholder in MCI. Iris invested €8m in the business in 2011. The fresh capital will be used to sustain MCI's international development, with a strong focus on bolt-on acquisitions.

Company
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, and meetings & events, with a particular focus on pharmaceutical events.

MCI employs approximately 1,300 staff across 47 offices in 23 countries. It generates revenues of CHF 337m.

People
François-Xavier Mauron, Sophie Nordmann-Caetano and Tanguy Tauzinat worked on the deal for EdRip. Roger Tondeur is CEO and founder of MCI.

Advisers
Equity – Reed Smith, Emmanuel Vergnaud, Mickaël Levi (Legal, tax); Chabrier, Marc Gilliéron (Legal, tax); Deloitte, Philippe Serzec, Cécile Rémy, Alban Cabanis (Financial due diligence); LEK, David Danon-Boileau, Serge Hovsepian (Commercial due diligence).
Vendors – Invest Securities, Raphaël Rossello, Virginie Clerjeaud Lagrange, Anne-Claire Parison (Corporate finance); Ngo Cohen Amir-Aslani & Associés, Karine Fitau, Etienne Epron (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Expansion
• Media
• Switzerland
• Andera Partners
• Iris Capital (Part’Com)