Quayle Munro is pleased to announce that it has advised the shareholders of the Steel Business Briefing Group on its sale to Platts, a leading global provider of energy, petrochemicals and metals information and a business of McGraw Hill Financial.
The Steel Business Briefing Group (the SBB Group) is a leading provider of news, pricing and analytics to the global steel market. Founded in 2001, the SBB Group is headquartered in London with seven global offices and a staff of more than 180. The Group's original business, Steel Business Briefing, is primarily a subscription business comprising a mix of daily news, weekly reports, prices and analytical publications delivered electronically. The Steel Index, launched in 2006, is a specialist price information business focused on compiling indices through the collection of transaction price data from industry participants.
Patrick Flockhart, CEO, SBB Group said:
“We are delighted to team up with Platts. We share a common commitment to providing top-quality news, prices, analysis and events that serve the global steel supply chain and we look forward to working together to enhance the value of our offerings. A key part in us being able to bring our two teams together has been the excellent work carried out by Andrew Adams and his team at Quayle Munro.”
Financial terms were not disclosed. The transaction is expected to close on July 1 subject to customary closing conditions.