What CMi2i does

CMi2i Limited is a privately held UK-based professional services firm founded in 2013 that provides capital markets intelligence to corporate issuers and their advisors across Europe and globally. Its core service is forensic identification of beneficial shareholders and bondholders at the fund and sub-fund level, including the identity of internal versus external investment decision-makers and the holder of the voting mandate — an output the company sources through a proprietary methodology developed over more than 20 years, leveraging disclosure laws, working relationships with compliance departments, and proprietary mapping tables.

The company extends this identification data into end-to-end engagement workflows, offering proxy solicitation and vote reconciliation, activist defense advisory, investor perception studies, ESG investor mapping (Insights, Targeting Report and Full View), a Remuneration Review service, and a formalized CMi2i Advisory division covering M&A, equity transactions, debt transactions, restructuring and special situations. Distribution is strengthened by technology integrations into the Bloomberg Terminal's investor relations functionality and Euronext Corporate Services' IR.Manager platform, which embed CMi2i's shareholder identification analysis directly into the IR workflows of European listed issuers.

Commercial activity is led by senior advisors in London and Milan with backgrounds at Rothschild & Co, Paulson & Co, EY, Nexum ID and Thomson Reuters. Revenue is generated through bespoke, quoted B2B mandates sold via direct enterprise sales and content-led marketing; pricing is not publicly disclosed. The company reports over 500 clients across four continents, more than 1,000 corporate transactions supported and more than 1,200 General Meetings supported, with disclosed named customers including Nordea and listed companies in the AEX and Spanish IBEX indices.

Name

CMi2i

Legal name

CMi2i Limited

Website

https://cmi2i.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

CMi2i Limited provides forensic capital markets intelligence for corporate issuers and their advisors, specializing in shareholder and bondholder identification, proxy solicitation, activist defense, perception studies and ESG investor mapping for listed companies across Europe and beyond.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Shareholder Identification Reports: Forensic analysis identifying beneficial shareholders at fund/sub-fund level with voting mandate details. Core intellectual property-driven service.
2. Remuneration Review Services: Analysis of remuneration policies with market assessment, pass likelihood evaluation, and amendment recommendations for AGM/EGM resolutions.
3. ESG Solutions: Suite of ESG services including ESG Insights reports, ESG Targeting Reports, ESG Perception Studies, and ESG Full View Reports with actionable recommendations.
4. Investor Perception Studies: In-depth perception studies executed by senior advisors providing qualitative and quantitative reviews of investment community views.
5. LIBOR Transition Solutions: End-to-end consent solicitation services for transitioning from LIBOR to new reference rates, including bondholder identification, engagement, and EGM mobilization.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

CMi2i provides strategic capital markets intelligence and advisory services to corporate issuers and their advisors. Its core service is forensic shareholder and bondholder identification, locating ultimate beneficial owners and voting mandate holders at the fund and sub-fund level using a proprietary methodology developed over 20 years. Around this core, CMi2i delivers proxy solicitation and engagement, activist defence, M&A and restructuring advisory, perception studies, ESG solutions, LIBOR transition services, and remuneration review support.

Product overview

CMi2i offers a suite of capital markets intelligence services centered on forensic shareholder and bondholder identification. The core platform includes Shareholder Identification, Bondholder Identification, Proxy Solicitation, Activist Defence, Advisory Solutions, Perception Studies, and LIBOR Transition Solutions. These services are complemented by specialized ESG modules (ESG Insights, ESG Targeting Report, ESG Full View Report) and a Remuneration Review service. The company has expanded into CMi2i Advisory as a formal division. The product portfolio is accessed through proprietary analysis, the Bloomberg Terminal, and the Euronext IR.Manager platform.

Differentiator

Problem solved

Functional benefit

Brands

• CMi2i Advisory: Strategic capital markets intelligence and guidance division focused on shareholder activism, M&A, equity transactions, debt transactions, restructuring and special situations.

Products and services

• Shareholder Identification Forensic equity holder identification service that identifies beneficial holders, investment decision-makers, and vote mandate holders using a proprietary methodology developed over 20 years. Built for corporate issuers and their advisors needing to know their true shareholders ahead of AGMs, EGMs, transactions, and activist defence.
• Bondholder Identification Forensic debt holder identification service providing accurate bondholder identification, including engagement and vote solicitation for consent solicitations. Targeted at corporate issuers and advisors running consent solicitations, restructurings, and bond transactions.
• Proxy Solicitation End-to-end proxy services including shareholder identification, solicitation strategy, vote reconciliation, institutional targeting and outreach, information agency services, governance roadshows, and IR support. Built for corporate issuers running contested or complex AGMs/EGMs.
• Activist Defence Strategic advisory services to help companies defend against shareholder activism campaigns, including identifying shareholder support and developing defence strategies. Targeted at listed corporates facing activist threats.
• CMi2i Advisory Solutions Capital markets intelligence and guidance focused on shareholder activism, M&A, equity transactions, debt transactions, restructuring, and special situations. Includes Risk, Opportunities & Recommendations reports, AGM/EGM Resolution Risk Assessment, and Financial Equity Story Assessment. Targeted at corporate issuers and boards needing independent strategic counsel.
• Perception Studies Investor perception studies allowing analysts and investors to anonymously give views on a company's products, pipeline, strategy, leadership, financial performance, and investor communications. Includes overall perception studies and focused studies on topics such as ESG. Built for listed corporates seeking an annual read on investment community sentiment.
• ESG Solutions Suite of ESG services including ESG Insights reports, ESG Targeting Reports, ESG Perception Studies, and ESG Full View Reports. Provides analysis of ESG investment by geography, orientation, and relative to peers; lists best-fit ESG investor targets; and delivers 360-degree ESG investment potential recommendations. Targeted at listed corporates managing ESG investor engagement.
• LIBOR Transition Solutions End-to-end solution for issuers to transition away from LIBOR to new reference rates, including bondholder identification, consent solicitation, voter mobilisation, and risk assessment. Targeted at issuers and trustees managing the LIBOR transition across bond instruments.
• Remuneration Review Service providing insights on market assessment of remuneration proposals, identification of potential concerns from proxy advisors and investors, and recommendations for improving remuneration policies ahead of AGM/EGM votes. Targeted at corporate issuers facing contested remuneration resolutions.

Quantifiable outcome

• 500+ clients served across 4 continents
• +3 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Euronext Corporate ServicescoreTechnology or Integration · 17 October 2022Partnership announced October 17, 2022 providing Spanish market access to CMi2i's shareholder identification intelligence via the IR.Manager investor relations platform. Spanish issuers can access fund-level shareholder identification through the platform spanning 10 countries and market capitalizations of €50m to €70bn.
• BloombergcoreTechnology or IntegrationBloomberg and CMi2i partnership enables CMi2i's shareholder identification analysis to be accessed through Bloomberg's investor relations functionality within the Bloomberg Terminal. Combines public shareholder information with CMi2i's bespoke non-public shareholder data analysis. Provides comprehensive IR offering to mutual clients.
• Italian Investor Relations AssociationminorStrategic or Co-development PartnerCollaboration on webinar: 'The Power of Perception Studies' - CMi2i working with the Italian Investor Relations Association to deliver thought leadership content.
• BlackRockminorStrategic or Co-development PartnerCollaboration on webinar: 'ESG Activism At the Gate' with BlackRock, Aena, and Corporance Asesores de Voto.
• Rothschild & CominorStrategic or Co-development PartnerCollaboration on webinar: 'Why All Issuers Should Be Concerned About Shareholder Activists' with DIRF and Rothschild & Co.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Morrow Sodali: Global proxy solicitation, shareholder identification, and corporate governance advisory firm. Direct competitor across CMi2i's core services (proxy solicitation, AGM support, activism defence) with comparable blue-chip client base.
• Georgeson: Specialist in proxy solicitation, shareholder identification, and corporate governance services. Direct competitor in the same product category serving large listed corporates globally, with overlap in European markets.
• D.F. King: Proxy solicitation and bondholder identification specialist with direct overlap with CMi2i's bondholder ID and consent solicitation services. Notably, CMi2i's Senior Debt Analyst previously worked at D.F. King, evidencing direct labour-market competition.
• Glass Lewis: Leading proxy advisory firm providing governance research and voting recommendations. Competes in adjacent spaces around AGM outcomes and investor voting behavior that CMi2i's perception studies and proxy services also target.
• EQS Group: European-headquartered provider of investor relations, corporate compliance, and shareholder services. Direct competitor in the European mid-to-large cap segment across IR tools, perception studies, and governance.
• Toppan Merrill: Provider of proxy services, shareholder communications, and capital markets solutions. Comparable to CMi2i across proxy solicitation and shareholder communications, particularly for US and global issuers.

Broad incumbents

• ISS (Institutional Shareholder Services): Largest global proxy advisory and corporate governance analytics firm (owned by Deutsche Börse). Broader incumbent offering governance ratings, ESG data, and proxy services that overlap with CMi2i's governance and ESG solutions.
• Broadridge Financial Solutions: Major incumbent in investor communications and proxy processing. Broadridge's infrastructure underpins much of the US proxy ecosystem and competes with CMi2i's proxy solicitation and vote reconciliation services at scale.
• LSEG (Refinitiv): Global financial data and infrastructure provider. Through ownership of Refinitiv, LSEG offers shareholder data, ownership analytics, and Workspace tools that overlap with CMi2i's identification and analytics services.
• Bloomberg: Global financial data, analytics, and Terminal provider. Bloomberg is simultaneously a CMi2i distribution partner (IR functionality on the Terminal) and a competitor with the resources to internalize forensic shareholder identification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/3777986
• Xx.com/cmi2i

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CMi2i