Business Monitor International, a provider of country risk analysis, macroeconomic forecasting and industry research, has received a non-controlling equity investment from Spectrum Equi
Business Monitor International, a provider of country risk analysis, macroeconomic forecasting and industry research, has received a non-controlling equity investment from Spectrum Equity Investors.
The investment will accelerate the expansion of BMI’s portfolio of services, and position the company to execute its global expansion strategy.
Following the transaction, Chris Mitchell (pictured)and Adam Margolin from Spectrum will join the BMI board of directors. Terms of the transaction were not disclosed.
Richard Londesborough, co-chief executive of BMI, says: "We are extremely pleased to have Spectrum make this strategic investment in the company. While BMI has already established itself as a leading provider of subscription-based risk data and analysis to clients and subscribers in over 140 countries, we believe we are still in the early stages of the company’s growth opportunity. Spectrum’s capital and board-level assistance will further strengthen the BMI platform for continued success going forward."
"BMI is a perfect fit for Spectrum, given our focus on rapidly growing, profitable providers of information services," says Chris Mitchell, managing director of Spectrum Equity Investors. "The company’s ability to integrate industry-specific data, trending, and structural analysis with its proprietary macroeconomic country risk models provides unique value to clients around the world. Furthermore, unlike traditional market research vendors who either publish irregularly or cover market segments selectively, BMI’s innovative ‘always current’ approach leads the field."
