Sale of Point Carbon to Thomson Reuters
Date: May 2010
Point Carbon provides banks, traders, portfolio managers, utilities, corporations and governments with critical insights based on deep industry knowledge and sophisticated modelling capabilities across the carbon, electricity and gas markets. Point Carbon’s valuable demand, supply and price predictive models are based on proprietary data collection and are used by thousands of traders and analysts globally.
The acquisition strengthens Thomson Reuters offerings to the energy sector through the combination of Point Carbon’s critical insight, market fundamentals and powerful analytics of key price drivers with Thomson Reuters leading news and pricing service.
Per-Otto Wold, Founder and CEO of Point Carbon said: “Point Carbon has experienced excellent growth over the last 10 years and currently holds leading positions in our areas of focus. I truly believe that combining Thomson Reuters and Point Carbon is an excellent union of forces that will take Point Carbon to the next level. Quayle Munro has proved themselves as the go-to place for transactions within the media and information space and has been invaluable in getting this deal done.”
The transaction is expected to close in the coming weeks. Financial details of the investment were not disclosed.
For further information:
Andrew Adams/Craig Muir, Quayle Munro Limited: 020 7907 4200
John Kiely/Gemma Froggatt, Smithfield PR: 020 7360 4900
Notes to Editors:
Quayle Munro (www.quaylemunro.com) is an independent corporate finance adviser which was established in 1983. With 30 professionals in London and Edinburgh, Quayle Munro has advised on over 90 corporate finance transactions in the past five years with a total value in excess of £4 billion. The Quayle Munro media and technology team has unrivalled expertise in advising companies providing information, data, analytics and consultancy services.