Olswang advises on sale of Eclipse Energy Group to McGraw Hill
International TMT law firm Olswang has advised the shareholders of Eclipse Energy Group, the international B2B data and analytics company, on its sale to Platts a division of McGraw Hill Financial, for an undisclosed sum.
Eclipse Energy Group, a leading provider of data, analytics and insight on the European power, gas and liquefied natural gas (LNG) markets, provides forecasts, scenarios, fundamental market data and decision-making support to a broad range of international blue chip power and gas clients and financial institutions. The company was founded in 2002 by Robert Minsaas and John King, and has offices in London, Norway and Singapore.
The acquisition of Eclipse Energy Group will enable Platts to continue to build on its successful track record of adding analytical capabilities as well as strengthening its global footprint in key markets. Eclipse Energy Group and Platts will now cover the North American energy market through Bentek while servicing the European market through Eclipse Energy and the global LNG market jointly. Working with Platts, Eclipse Energy will be ahead of the growing demand for more sophisticated and in-depth data and analysis in the European gas and power markets.
Robert Minsaas, Group Managing Director of Eclipse Energy Group said: “We have greatly appreciated the support of Mark and his team throughout the entire transaction process. Their pragmatic approach, constant availability, appreciation of cross border issues and understanding of the sector were key to providing the essential solutions required for the transaction.”
Mark Bertram, corporate partner at Olswang commented: “There is an increasing demand for detailed, readily available and ever more sophisticated analysis and data in the energy sector. Through this transaction, Eclipse Energy will be in a position to bring their own extensive knowledge and expertise in the European gas and power markets to Platts and the wider McGraw Hill group. It has been a great experience to work with Robert and the other founders and management team of Eclipse and with the team at Quayle Munro to deliver on a deal which positions Eclipse at the forefront of its market.”
The Olswang team was led by corporate partner Mark Bertram, supported by senior corporate associate Carsten Greve and trainee solicitor Sam Sherwood, senior tax associate Stephen Smith, and employment associate Rachel Lafferty. Norwegian legal advice to the Sellers was provided by Thommassen in Oslo and London.
Olswang LLP is an international law firm and a European leader in technology, media, telecommunications and real estate. The firm comprises of over 700 people including more than 120 partners, across eight international offices. Olswang is part of a ‘best friends’ network of leading independent law firms throughout the world.
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