Cello Group acquires Worldwide Promedica

December 9, 2014 — Fusion DigiNet

cello-logoCello Group plc, the healthcare and consumer strategic marketing group, has acquired Worldwide Promedica Inc. 

Promedica is a San Francisco based market research firm serving pharmaceutical and biotechnology companies. Promedica had revenues of $1.9m in the year to December 2013.

Promedica will form part of Cello Health, and will work closely with Cello Health Insight in London, New York and Chicago to continue the development of the offer to the global clients of Cello Health.

The initial consideration is $700,000 payable in cash, with a maximum of $1.8m payable as deferred consideration dependent on financial performance in the period to 31 December 2017. Up to 50% of the deferred consideration is potentially payable in shares at the sole option of Cello. 

Stephen Highley, Chairman of Cello Health commented:

“We’re delighted to warmly welcome Promedica into Cello Health. This experienced and talented team will now open up capacity on the West Coast of America where we are seeing significant activity from both pharmaceutical and biotechnology clients”.

UK, London & USA, San Francisco

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Next Fifteen Communications Group acquires Morar Consulting Limited 

December 4, 2014 — Fusion DigiNet

next15Next Fifteen Communications Group plc, a digital communications group, has acquired a 75% stake in Morar, a market research consultancy based in London, which measures and advises on brand performance.

Morar was founded in 2005 by Roger Perowne and Alistair Cunningham, both of whom will remain with the business following the acquisition. The team includes researchers, consultants, strategists and software developers; together providing managers with the insight and ideas to grow the value of their brands. Morar’s client list includes Admiral, Land Securities, Dell, Fitness First, Sky, Nando’s, Pearson, Global Blue and TPG Capital.

The initial consideration is £1.35m in cash with a further payment expected to be approximately £0.45m in February 2015 dependent on Morar’s normalised profit before tax for the twelve months to 31 January 2015. Deferred consideration is payable in 2018 dependent upon the performances of Morar for the financial years to January 2017 and 2018, Any deferred consideration that may become payable may be satisfied in cash or up to 25% in new Next 15 ordinary shares, at the option of Next 15.

The remaining 25% stake in Morar will be acquired by Next 15 in 2020 for a consideration dependent upon the performances of Morar for the financial years to January 2019 and 2020.

For the nine months ended 31 October 2014 Morar achieved turnover of approximately £1.3m and a normalised profit before tax of approximately £0.5m and had net assets of approximately £0.9m.

Tim Dyson, CEO of Next 15 commented: “In the last few years Morar has invested in the development of its own technology platform. Morar’s approach of combining high level consulting and technology fits with our digital strategy and extends our commitment to the insight and analytics area of marketing.”

UK, London

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Mitie acquires real estate, technology and risk management consultancy Source Eight Limited

November 26, 2014 — Fusion DigiNet

MITIE

Mitie Group plc has acquired a majority stake in Source Eight Limited, a real estate, technology and risk management consultancy.

Source8 delivers real estate, technology and risk management consultancy services to global corporations, with particular expertise in emerging markets and complex environments. The company had turnover of £4.5m in 2013. The initial consideration payable is a maximum of £2.95 million, with £2.5 million paid in cash on completion, and the remainder payable dependent on performance targets. Further consideration is payable in cash up to a maximum of £12.5 million (£15.45m total consideration) depending on financial performance over a five year period.

UK, Bristol & London

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Energy Assets Group acquires Origin Technical Business Services

October 7, 2014 — Fusion DigiNet

Energy Assets GroupEnergy Assets Group plc, the UK provider of industrial and commercial gas metering services in the UK, has acquired the entire issued ordinary share capital of Origin Technical Business Services Limited, a provider and developer of mobile works management systems, data capture, data hosting and analysis services to both Energy Assets and a number of other customers within the utility sector. 

The total value of the transaction is £0.85m. It includes an initial payment of £0.4m, a deferred consideration of £0.25m and an amount of £0.2m for the completion cash balance. 

Phil Bellamy-Lee, Chief Executive of Energy Assets, said, “The software services that Origin provides are key components of our bespoke management systems and the acquisition will enable Energy Assets to further improve the service offering provided to our customers through differentiated technology.”

Based in Chesterfield, Origin was established in 2001 by Simon Matthews as a spin off from British Gas contractor, Thomas Bermingham.  The company has nine employees including a team of software development engineers.  Origin has a long standing relationship with Energy Assets Group and currently provides the software interface and on-site mobile installation and audit platform for Energy Assets’ project and supply chain management platform ‘TEAMS’. All intellectual property rights will transfer on acquisition.

UK, Blackburn, Lancashire

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Moody’s to Acquire Full Ownership of Copal Amba

September 30, 2014 — Fusion DigiNet

moodysMoody’s Corporation is to acquire the remaining outstanding shares of Copal Amba. Moody’s is currently a majority owner of Copal Amba, which was formed through the acquisitions of Copal Partners in 2011 and Amba Investment Services in 2013.

Copal AmbaCopal Amba, a leader in the market for Knowledge Process Outsourcing (KPO), provides offshore research, analytics and business intelligence services to the financial and corporate sectors. Its clients range from global financial institutions and Fortune 100 corporations to boutique investment banks and asset managers.

“Copal Amba has had strong momentum since its formation and has expanded its penetration into the growing market for outsourced financial research, analytics and business intelligence services,” said Linda S. Huber, Executive Vice President and Chief Financial Officer of Moody’s.

The acquisition of the remaining shares is not expected to have an impact on Moody’s earnings per share in 2014 and will be funded from international cash on hand. The terms of the transaction, which is expected to be finalised in Q4 2014, were not disclosed.

USA, New York, NY

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Asset International acquires Corporate Insights

September 17, 2014 — Fusion DigiNet

asset internationalAsset International has acquired Corporate Insights. The terms of the deal were not disclosed.

Based in Vancouver, Corporate Insights is a market research firm focused on the Canadian financial services industry. Corporate Insights works with wealth management and retail banking organizations on issues related to strategic decision-making, business growth initiatives, sales force management and competitive benchmarking.

Corporate Insights will operate as a division of Asset International’s Investor Economics, a business acquired by Asset International in 2013.

USA, New York & Canada, Vancouver

 

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Kantar Health acquires health consultancy services company Evidências in Brazil

September 15, 2014 — Fusion DigiNet

WPP’s wholly-owned global healthcare consulting firm, Kantar Health, has acquired Focus Assistência Médica S/S Ltda. and Classe Assistência Médica S/S Ltda. (“Evidências”), a leading healthcare research company, in Brazil.

Evidências’ unaudited revenues for the year ended 31 December 2013 were approximately R$5.8 million with gross assets of approximately R$0.9 million at the same date. Founded in 1998, the company employs 22 people and is based in Campinas with an office in São Paulo.

Evidências provides consultancy and research services in pharmacoeconomic studies and analysis, local dossier submission packages, professional writing, market access and training. It works with all segments of the Brazilian healthcare market, including health insurers, government bodies, hospitals and providers, and pharmaceutical and medical device manufacturers.

UK, London & Brazil, São Paulo

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Y&R Advertising acquires creative and research agency from MCS Holding in Mongolia

September 15, 2014 — Fusion DigiNet

WPP’s wholly owned operating company Y&R Advertising is to acquire the creative and research agency of MCS Holding LLC, one of Mongolia’s largest conglomerates.

The deal marks WPP’s first acquisition in Mongolia. In addition, Y&R becomes the first global ad network to establish a majority-owned agency office in the country.

Established in 2008, the creative and research agency provides a range of services, including advertising development and events management as well as consumer and retail market research services. Its clients include MCS Asia Pacific Brewery, Dell, Herbalife, and JTI. The agency has approximately 45 people.

Following the acquisition, the agency will be renamed Y&R Mongolia; its market research business will be affiliated to WPP’s global research consultancy TNS, which will be the first international research consultancy to establish a presence in Mongolia.

UK, London & Mongolia

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IHS acquires PCI Acrylonitrile, a U.K.-based chemical market advisory service

September 2, 2014 — Fusion DigiNet

ihs_logo_mpIHS Inc. has acquired PCI Acrylonitrile, a provider of chemical market insight and consulting services for the global acrylonitrile and derivatives industry.

Based in the U.K., PCI Acrylonitrile publishes the Acrylonitrile Market Report, a monthly report focused on the global acrylonitrile industry and its derivatives. Led by Simon Garmston, founder of PCI Acrylonitrile, the company also provides annual market analysis as well as consulting services and hosts a key industry event focused on the acrylonitrile sector.

“The acquisition of PCI Acrylonitrile is a tremendous addition to our industry-leading chemical market advisory service covering the fibers and plastics businesses,” said Scott Key, IHS president and CEO. “The acrylonitrile analysis, combined with our IHS Chemical olefin, propylene market and special reports coverage, as well as the upstream market coverage we deliver at IHS, will provide unparalleled integrated analysis that is essential to our customers. We are excited to welcome Simon Garmston, who is recognized globally for his expertise in this highly specialized, but strategically important and growing chemical market.”

Acrylonitrile is an essential component for the production of fibers and polyacrylonitrile (PAN), a versatile, high-strength polymer (plastic) resin used to produce a variety of products in both civilian and military applications. PAN fibers are used to manufacture clothing and other ‘acrylic-based’ products. Additionally, PAN is used to produce high-quality carbon fibers, which are essential to high-tech communications infrastructure and production of aircraft, filtration systems, missiles, industrial and technology components, as well as numerous consumer goods.

USA, Englewood, CO & UK, London

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Ameresco acquires independent energy services provider Energyexcel

August 18, 2014 — Fusion DigiNet

amerescoAmeresco, an energy efficiency and renewable energy company, has acquired the energy consultancy and energy project management business of Energyexcel LLP, an independent energy services provider located in Central London. The terms of the deal were not disclosed.

This is Ameresco’s second UK acquisition in 14 months. In June 2013 Fusion DigiNet reported that Ameresco acquired ESP, an energy management consulting company consisting of The Energy Services Partnership and ESP Response, located in Castleford, UK.

“We look forward to having the Energyexcel team join the Ameresco family, further supporting our commitment in the UK market and expanding our capabilities and value-added services to serve local and multi-national commercial, industrial and manufacturing customers in North America and Europe,” said David J. Anderson, Executive Vice President, Ameresco. “Our acquisition of the Energyexcel business, combined with the capabilities of our recent acquisition of ESP, allows Ameresco to provide a comprehensive range of energy efficiency, renewable energy solutions and intelligent energy management services, addressing both sides of the customers’ meter, including energy supply, demand response, real-time energy data information and analytics, and utility invoice management. The experience and capabilities of these award-winning organizations allows Ameresco to advance its geographic expansion abroad while increasing our business in the commercial and industrial space.”

Energyexcel’s efficiency and project management services help commercial and industrial customers improve performance of existing energy systems, introduce new energy-efficient technologies and onsite generation, institute energy monitoring and targeting (M&T), reduce carbon emissions and track sustainability initiatives, comply with energy and climate change requirements, and realize energy cost savings to improve business performance. Some current Energyexcel customers include a large UK-based pharmaceutical company, four of the five largest supermarket chains in the UK, and a multinational chocolate bar manufacturer.

USA, Framingham, MA & UK, London

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