Quayle Munro is pleased to announce that it has advised PIRA Energy Group (“PIRA”), a leader in global energy market analysis, on its sale to S&P Global Platts. The purchase extends S&P Global Platts' energy analytical capabilities by enhancing the Company's oil offering and strengthening its position in the natural gas and power markets. The transaction is subject to regulatory approval and is expected to close in the third quarter of 2016. Financial terms were not disclosed.
Founded in 1976, New York-based PIRA provides over 500 energy and commodity customers in 60 countries with a broad range of energy research and forecasting products and services. Customers spanning oil and gas companies, traders, refiners, pipeline and industrial companies, financial organisations and governments use PIRA's research, forecast data and consulting expertise to undertake fundamental analysis and modelling of the global energy markets.
Gemma Postlethwaite, CEO of PIRA, said: “The Quayle Munro team have delivered honest, independent advice from both a strategic and corporate finance perspective, which has proved valuable in securing our transition to become part of S&P Global Platts.”
In the last nine years, Quayle Munro has concluded 24 transactions in the energy and commodities data & analytics, software and services sector completing transactions with parties including Bloomberg, Dow Jones, Hellman & Friedman, IHS, RELX, S&P Global Platts, Thomson Reuters, Verisk Analytics and Warburg Pincus.
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Quayle Munro Advises PIRA Energy Group On Its Sale To S&P Global Platts
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