COFIDES has granted a €407,705 loan to BMAT, a Spanish technology SME specializing in music and audiovisual monitoring solutions for copyright management and digital content, to support the company's international growth.
The financing, provided through the FONPYME (SME Foreign Investment Operations Fund), will enable BMAT to complete the acquisition of the remaining 30% stake in Italian company Metro Media System (MMS), following its initial acquisition of a 70% interest in 2024, which was also supported by COFIDES. The transaction completes the full integration of the Italian company into the Spanish group.
The acquisition strengthens BMAT's presence in Italy, one of Europe's largest copyright and audiovisual advertising markets. Full ownership of MMS will enhance BMAT's position in audiovisual advertising intelligence while accelerating technological and commercial synergies between the two businesses.
Founded in Barcelona in 2006, BMAT has established itself as one of the world's leading providers of music monitoring technology for copyright management and royalty distribution. The company operates in more than 80 countries and serves over 1,200 clients, including collective management organizations, record labels, digital platforms and audiovisual groups.
COFIDES has supported BMAT's international expansion strategy since 2019. During this period, it has backed eight international expansion projects, including the establishment of subsidiaries and acquisitions in strategic markets such as the United States, Argentina, Japan, the United Kingdom, France, Singapore and Italy.
Miguel Ángel Ladero, Corporate Director of Investments at COFIDES, said: "Our 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 global markets." He added that "this transaction contributes to the international expansion of Spanish technology, reinforces a highly R&D-intensive company, supports the creation of skilled employment, and promotes more transparent management of music and audiovisual content."
Salvador Guerrera, Chief Financial Officer of BMAT, commented: "COFIDES' continued support strengthens BMAT's ability to grow through M&A transactions and the establishment of new international subsidiaries. With these operations, we have taken another step towards consolidating our position as a neutral, fast and reliable operating system for the music rights industry."
About BMAT
BMAT is a music technology company founded in Barcelona in 2006. Through its offices across Europe, the Americas and Asia, it provides cutting-edge technology and customer-focused services to music publishers, record labels, collective management organizations, digital service providers (DSPs), broadcasters and the wider creative community. BMAT manages every stage of rights and royalty operations for music and audiovisual content across broadcasting, streaming, video-on-demand and user-generated content.
By simplifying complex copyright workflows and leveraging economies of scale, BMAT's music operating system helps ensure that more money flows efficiently to music creators and rights holders, facilitating the distribution of more than €2 billion in royalties each year.
About COFIDES
COFIDES is a Spanish state-owned financial institution that manages public financial instruments, as well as its own and third-party resources, with the aim of promoting the internationalization of the Spanish economy, attracting foreign investment into strategic sectors in Spain, fostering impact investing, and contributing to the development of the countries in which it invests. Alongside the Spanish State, its shareholders include Banco Santander, BBVA, Banco Sabadell and CAF – Development Bank of Latin America and the Caribbean.
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