Quayle Munro is pleased to announce that it has advised Eclipse Energy Group on its sale to Platts, a business of McGraw Hill Financial. The Company was acquired for an undisclosed sum.
A leading provider of data, analytics and insight on the European power, gas and liquefied natural gas (LNG) markets, Eclipse Energy Group provides decision-making support to a broad range of clients globally across the power and gas value chain.
Andrew Adams, Quayle Munro CEO said: “We were delighted to have advised the shareholders of Eclipse Energy Group on its sale to Platts. The business presents a timely opportunity for Platts to grow and deepen its analytical expertise in the European power and gas markets.”
“We have a strong track record of establishing long term relationships with entrepreneurial businesses within the data, analytics, software and services sectors. In this instance we are pleased to have worked with Robert Minsaas and the team at Eclipse Energy Group as they have positioned the Company to deliver subscription based services to an increasingly global customer base.”
Robert Minsaas, Group Managing Director of Eclipse Energy Group said: “We are very appreciative of Quayle Munro’s support throughout the entire transaction process. Their deep understanding of our business and their global approach to the market proved invaluable to achieving the desired results. For a small business like ours it would have been extremely challenging to find a match like Platts without their facilitation, experience and ability to provide pragmatic solutions.”
“Together, Eclipse Energy Group and Platts will uniquely cover the North American energy market through Bentek, the European market through Eclipse Energy and jointly the global LNG market. With Platts we will be ahead of the growing demand for more sophisticated and in-depth data and analysis on the European gas and power markets.”
Over the past seven years, Quayle Munro has advised on 18 transactions in the energy and commodities data & analytics, software and services sector concluding transactions with parties including Bloomberg, Dow Jones, IHS, Platts (McGraw Hill Financial), Reed Elsevier, Thomson Reuters and Wood Mackenzie.