Facts Global Energy (FGE) Announces Investment from TA and Simultaneous Merger with NexantECA
LONDON – Facts Global Energy (“FGE” or “the Company”), a global provider of market intelligence, data, research and analysis for the energy market, today announced a strategic growth investment from TA Associates (“TA”), a leading global private equity firm. The partnership will support the continued expansion of FGE’s team, technology platform and state-of-the-art service offerings, while aiming to accelerate both organic and acquisition-driven growth.
Founded in 1984 by Dr. Fereidun Fesharaki, FGE delivers independent data, research and advisory services on the oil, gas, LNG, natural gas liquids (NGLs), and green energy markets. The Company’s products range from deep-dive regional coverage to a global view of supply-and-demand and pricing forecasts, providing specialist knowledge and unique analysis that offers transparency into the ever-evolving commodities markets. With offices in Europe, North America, APAC and the Middle East, FGE’s research spans over 130 countries and services over 280 energy-industry clients, including oil companies, financial traders and power & utilities distributers, worldwide.
In conjunction with TA’s investment, FGE has also announced the transformational merger with NexantECA, a global energy and chemicals research and advisory business. This strategic combination brings together two industry leaders with proven track records of customer success in the energy sector. The transaction marks a significant milestone in the growth of the FGE platform and the NexantECA research and advisory business, and will strengthen the Company’s green energy and green chemicals offerings.
“In our 40-year history, FGE has remained innately focused on providing leading consultation services to our clients, empowering them with the research and specialist insights to make important business decisions with confidence,” said Dr. Fereidun Fesharaki, Founder and Chairman of FGE. “With the backing of TA and partnership of NexantECA, we will be well-equipped to further scale our technology platform and accelerate our growth trajectory, enabling us to stay at the forefront of the industry. We look forward to collaborating closely with both TA and NexantECA in this next chapter of growth. FGE will be bigger and stronger”, said Dr. Fesharaki.
“FGE has established itself as a highly respected energy intelligence provider due to its strong proprietary research, vast convening power and unique relationships across the global oil and gas markets. We believe FGE and NexantECA have tremendous product synergies, and their combined industry expertise will result in enhanced value, positioning customers for success as the energy market continues to evolve,” said Jérémy Dréan, Director at TA. “We are greatly impressed by both companies’ heritage, diversified customer base, global reach and sophisticated offerings and are excited to kick-off our partnership with this positive contribution to growth,” added Aashray Mehra, Senior Vice President at TA.
“We are thrilled to combine NexantECA’s data, research and consulting capabilities with the FGE product suite. FGE is a best-in-class organization and together, we are even better positioned to deliver comprehensive market insights to our global customers,” said Richard Sleep, President of NexantECA.
Financial terms of the transactions were not disclosed.
About FGE
FGE is a preeminent global oil and gas consultancy which provides leading independent research, analysis, consultation, and advisory services to a large and diverse client base across the world. FGE distinguishes itself through its unique and transparent views to often opaque markets. FGE‘s unique strength comes from both its knowledge and insights as well as its vast convening power and relationships in the oil and gas markets. FGE’s global team of experts specializes in both sector and country/regional knowledge; thus reinforcing this network and ensuring that its insights are current, relevant, and consistent across the technical and commercial arenas. View more at www.fgenergy.com/.
About NexantECA
NexantECA, the Energy and Chemicals Research and Advisory company, is a leading advisor to the energy, refining, and chemical industries. Our clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with deep and broad understanding of markets, technologies and economics, NexantECA provides solutions that our clients have relied upon for over 50 years. More information available at www.nexanteca.com/.