Green Square advises Metals Insider on its sale to Thomson Reuters

2nd November 2008

We’re pleased to announce the sale of online publishing, content and community agency Metals Insider, to Thomson Reuters.

Daily news digest Metals Insider was founded in 2003 to cover the metal commodity markets and publishes online editorial comment and news to its 5,500 subscribers daily. It has been acquired by Thomson Reuters to spearhead their development and social media communications within the metals industry.

Following the acquisition, Thomson Reuters were delighted to launch a web-based, interactive community that brings comprehensive information, research, analysis and professional networking tools to the global base metals marketplace. Thomson Reuters Metals Insider is aimed at equipping the metals marketplace with the tools to gather in-depth information and collaborate with industry peers.

Thomson Reuters Metals Insider was launched at LME Week, an important fixture in the global metals industry calendar. The London Metal Exchange, which represents the vast majority of all non-ferrous base metals trading, achieved $9,500 billion in monetary terms in 2007.

Metals Insider complements Thomson Reuters professional base metals subscription services, Reuters 3000 Xtra and Reuters Trader for Commodity, which offer even deeper news, market coverage and analytical capabilities.

Green Square acted as advisors to Metals Insider throughout the process.

James van Bregt, owner and partner, Metals insider commented:

The deal will enhance the group’s digital capability globally and was part of an aggressive acquisition strategy. Green Square were superb in not only negotiating the value of the deal, but managing all the intricacies that form a substantial part of it.

Mitchel Ingham-Barrow, Global Head of Metals and Minerals, Thomson Reuters:

Thomson Reuters Metals Insider demonstrates our commitment to maximise the potential of professionals in the broader base metals community. It harnesses our world renowned news and data with technological innovation to give the base metals marketplace a competitive edge.

Tony Walford, Green Square Partner commented:

This transaction represents the realisation of strong synergies for both sides. Metals Insider was harnessing, analysing and commenting on a significant amount of news content daily and needed deeper resource and support to develop its offer. Thomson Reuters recognised the need to develop its social media and community marketing capabilities and technologies. Bringing these two companies together has realised significant benefits for both.