Acuris, the BC Partners and GIC-backed provider of global data, intelligence, research and analysis has acquired SparkSpread, a specialist online news service providing exclusive intelligence on M&A and financing in the global energy industry.
Founded by journalists Will Ainger and Victor Kremer in 2005, New York-headquartered SparkSpread has become recognised as a premier source for energy financing, trading and M&A intelligence. The platform will join Acuris’ Infrastructure division.
The investment comes at a time of both heightened levels of interest in energy sector investment opportunities and political pressures for cleaner, more sustainable sources of energy. As the demand for actionable intelligence and data is rising in the sector, SparkSpread’s highly reputable content is a perfect fit with Acuris’ growth ambitions in this space.
“We are excited to welcome the acclaimed SparkSpread team to the growing Acuris family”, said Hamilton Matthews, CEO of Acuris. “We have been considering ways to broaden our energy sector coverage for asset managers, fund investors and advisors alike. We look forward to collaborating with Will and Victor to achieve this.”
“SparkSpread makes an ideal partner to Inframation, offering comprehensive energy coverage produced by a highly regarded and knowledgeable team of journalists”, commented Jonathan Goor, Managing Director of Acuris’ Infrastructure division. “We look forward to working closely with the SparkSpread team and their extensive subscriber base to support this highly regarded news service in their ambitions to become the world’s leading news, data and research platform for the energy and power finance community.”
“Acuris’ broader reach and larger platform will allow us to better serve our subscribers while focusing on our core editorial mission of providing exclusive intelligence for the energy community”, said SparkSpread co-founders Will Ainger and Victor Kremer.
EY advised the SparkSpread shareholders on the transaction.