Edmond de Rothschild Investment Partners Takes Stake in MCI

Edmond de Rothschild Investment PartnersWinch Capital 2 fund has taken a stake in MCI, an international congress and event management company. MCI is a professional congress organizer.


Edmond de Rothschild Investment Partners’ Winch Capital 2 fund has taken a stake in MCI, an international congress and event management company

With 47 offices in 23 countries and sales of CHF 337m in 2012, MCI is today a leading Professional Congress Organizer (PCO – organiser of scientific congresses for associations and institutionals) and a leading organizer of conferences and events for companies. The group has a strong presence in the pharmaceutical sector and an excellent image and reputation both for the quality of its service offer and its capacity to innovate and provide creative solutions. The group is also a model of employee shareholding schemes as close to 100 senior executives and managers own shares.
The group’s top management team (Roger Tondeur, Sébastien Tondeur, Jurriaen Sleijster and Robin Lokerman) aim to accelerate MCI’s international development by maintaining a strong acquisitions drive. To do so, the Group’s shareholders decided to appeal to a new pool of investors to boost equity capital and allow it to finance this strong growth. Edmond de Rothschild Investment Partners through its WINCH Capital 2 fund has taken a minority stake and joins Iris Capital which invested in MCI in 2010.
François-Xavier Mauron and Sophie Nordmann-Caetano, Investment Directors at Edmond de Rothschild Investment Partners, said, “We are delighted to help MCI and its senior management with the next leg of the group’s development. This is the WINCH Capital 2 fund’s 14th deal and it will help the MCI group accelerate deployment of its international network in line with Edmond de Rothschild Investment Partners’ core investment strategy of acting as a minority partner for entrepreneurs looking to finance strong organic and external growth both in Europe and beyond.”
Under the leadership of Roger Tondeur, MCI’s founding chairman and biggest shareholder, the group has seen impressive growth since it was set up in 1987 in Geneva, combining organic growth with close to 30 acquisitions. The group has doubled in size since 2008.

About Edmond de Rothschild Investment Partners
Paris-based Edmond de Rothschild Investment Partners is dedicated to minority investments in privately-owned companies. It currently has €1bn under management primarily in Growth Capital and Life Sciences Venture Capital.
The company comprises 23 investment professionals who all have wide experience in Private Equity and industry. In Capital-Development, Edmond de Rothschild Investment Partners manages WINCH Capital 2, a EUR 250m FCPR fund raised in 2009, which offers solutions to French SMEs looking to grow or reorganise their shareholding structure. Its predecessor, WINCH CAPITAL (EUR 165m), which was launched in 2005, was already fully invested in 20 SMEs.
Investors are reminded that Winch 2 is a venture capital fund (FCPR) that is more lightly regulated. As such, it is not subject to the approval of the French Financial Markets Authority and may adopt exceptional investment rules. Winch Capital 2 invests mainly in unlisted companies which are subject to capital loss risk, discretionary management risk and liquidity risk, etc
Edmond de Rothschild Investment Partners is the private equity affiliate in France of the Edmond de Rothschild Group, which is specialised in asset management and private banking (EUR 130bn under management, 2,900 employees and 30 offices throughout the world). Founded in 1953, the Group has been chaired since 1997 by Baron Benjamin de Rothschild.

About MCI
Set up in 1987 by Roger Tondeur in Geneva, MCI has become an international specialist in organising congresses and events. The group is now present in 23 countries with a network of 47 offices and more than 1,300 employees.
The group offers a complete range of services for all types of congresses and professional meetings like seminars, incentive sessions, board meetings, training courses and product launches. MCI helps its clients from event conception to organisation and offers a wide range of technical services like audiovisual aids, multimedia, digital creations, video and graphics. The group also offers associations the possibility of outsourcing management of certain activities like fund raising, communication or membership drives.

People/firms involved

For Edmond de Rothschild Investment Partners:
Deal managers:
François-Xavier Mauron, Sophie Nordmann-Caetano, Tanguy Tauzinat
Legal and tax advisors:
Reed Smith (Emmanuel Vergnaud, Mickaël Levi)

Chabrier (Marc Gilliéron)
For MCI’s shareholders:
Financial advisor
Invest Securities (Raphaël Rossello, Virginie Clerjeaud Lagrange, Anne- Claire Parison)
Legal advisors
Ngo Cohen Amir-Aslani & Associés (Karine Fitau, Etienne Epron)

Due Diligence (Edmond de Rothschild Investment Partners)
Legal, Social and Tax
Reed Smith (Emmanuel Vergnaud, Mickaël Levi)

Chabrier (Marc Gilliéron)
Deloitte (Philippe Serzec, Cécile Rémy, Alban Cabanis)
LEK (David Danon-Boileau, Serge Hovsepian)