Financing for Internationalization
The Spanish Development Finance Company (COFIDES) has formalized a financing agreement with BMAT, a music technology company. The aim is to support the acquisition of a company in Italy, thereby strengthening BMAT's strategic position in the sector.
The internationalization of Spanish technology continues to gain ground in the European market. COFIDES has granted financing of 407.705 Euros to the Spanish company BMAT, specializing in digital solutions for copyright management, with the aim of completing the full integration of the Italian firm Metro Media System (MMS) in its corporate structure.
The resources, channeled through the Fund for Investment Operations Abroad for Small and Medium Enterprises (FONPYME)This will facilitate the purchase of the remaining capital of MMS. BMAT had already acquired an initial 70% stake in 2024, a transaction that also had the financial backing of COFIDES.
This complete acquisition is strategic to strengthen BMAT's position in Italy, considered one of the most important markets on the continent in terms of Copyright y audiovisual advertisingAccording to the management of the technology SME, this business move will allow them to take full advantage of economies of scale and technological synergies.
An alliance for global growth
The relationship between COFIDES and BMAT dates back to 2019, establishing itself as a practical example of public-private collaboration to promote international investment. Since then, the public agency has supported eight of the technology company's operations to open subsidiaries or make corporate acquisitions in key markets such as The United States, Japan, the United Kingdom, Singapore, France, Argentina, and Italy itself.
Currently, BMAT operates in More than 80 countries and provides support to a portfolio of over 1.200 clients, ranging from digital platforms and collective management entities to large audiovisual groups and record labels.
Miguel Ángel Ladero, corporate director of the Investment Department at COFIDES, highlighted the strategic value of this new capital injection: “The support for BMAT reflects COFIDES’ commitment to the international growth of innovative Spanish companies capable of generating added value and strengthening Spain’s technological positioning in international markets.”Ladero also emphasized that the operation promotes the creation of skilled jobs in R&D-intensive companies and fosters “more transparent management of musical and audiovisual content”.
For his part, BMAT's financial director, Salvador Guerrera, has positively assessed this new institutional support for their expansion plans: “COFIDES’ support continues to strengthen BMAT’s growth capacity in M&A (mergers and acquisitions) transactions and in opening new subsidiaries. With these signed deals, we have taken another step towards consolidating our position as a neutral, fast, and reliable operating system for music industry rights.”.
Technological management of global royalties
Founded in Barcelona in 2006, BMAT has become a benchmark in technology applied to the music industry (MusicTechThrough its various offices distributed across Europe, America and Asia, the company audits and manages the use of content on television. streaming and video-on-demand platforms. Its powerful music operating system simplifies the structural complexity of copyright, facilitating efficient annual distribution. over 2.000 billion euros in royalties towards the creators and rights holders.
| Concept | Detail |
|---|---|
| Funder | COFIDES |
| Supported Company | BMAT |
| Funding Objective | Acquisition of a company in the sector |
| Strategic Market | Italia |
| Sector | Technology applied to the music industry |
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