June 10, 2011 — Fusion DigiNet
Fusion Corporate Partners are pleased to announce our latest deal, the sale of FMB Consultants Ltd (FMB) to leading energy price reporting agency Argus Media. Terms of the deal were not disclosed.
FMB is a leader in the provision of timely and accurate intelligence on the world fertilizer market. FMB reports monitor global trade and pricing for nitrogen, phosphate, sulphur, potash and ammonia. Founded in 1982, FMB publishes 100 price references, which are widely used for benchmark pricing and settlement of derivatives. FMB Conferences and Exhibitions are currently run on four continents, providing major networking opportunities for senior industry executives.
Argus chairman and chief executive Adrian Binks said “FMB is a natural fit with Argus’ strategy of expanding its commodity market reporting capabilities beyond energy. Like Argus, FMB has developed an excellent reputation for bringing transparency to opaque markets. We look forward to working with FMB staff to combine their deep expertise with Argus’ global reach and scale”.
Kevin Hill, Director at FMB said “We are delighted to be joining Argus and look forward to further developing FMB’s products and services utilising Argus’ global presence, technical resources and commercial team. FMB and Argus share the same cultural strengths based on close relationships with the industries they serve, and a resolute commitment to high quality reporting, ethics and integrity.”
Paul Slight, Partner at Fusion said, “We have known Kevin and the rest of the team at FMB for many years and were delighted to have the opportunity to work with them. FMB is a great business and tailor-made for Argus. I am sure it will be a great success in its new home.”
Fusion acted exclusively for the shareholders of FMB Consultants. The team responsible for this transaction were Paul Slight (firstname.lastname@example.org) and Paul Kelly (email@example.com). Waterfront Solicitors, headed by Matthew Cunningham, provided legal advice to the vendors.