Houlihan Lokey is pleased to announce that Tecnon OrbiChem Ltd. has been acquired by Forest2Market, Inc., and Fisher International Inc., portfolio companies of Battery Ventures.
Tecnon OrbiChem has been a leader in providing data and analysis to the petrochemical industry since 1976. Its chemical business focus is a service that includes expert commentary, current and historical pricing data, trade information, and plant and project reviews for 18 groups of chemicals. These reports are compiled from a global perspective by teams of dedicated consultants in Europe, Asia, and the Americas. The firm also offers Chem-Foresight, a price forecasting service for 59 chemicals, along with supply and demand forecasts, both of which can be used to make strategic budgeting and planning decisions.
Forest2Market provides pricing data, supply chain expertise, and strategic consulting services to participants in the global wood and fibre supply chain. The firm’s unique databases contain more than 400 million rows of transaction data, and they are the foundation for all analytics available in SilvaStat360, the firm's business intelligence platform.
Fisher International supports the pulp and paper industry with business intelligence and strategy consulting services, as well as client resource studies and consulting engagements. Fisher International’s comprehensive databases, analytical technologies, and expert consultants are used everyday by the paper industry around the world.
“This acquisition is integral to our long-term growth strategy,” said Peter J. Stewart, founder of Forest2Market and CEO of both firms. “Our intention is to build a group of companies that offer data, analytics, and business intelligence to the forest products, chemicals, metalsm and minerals verticals. The first phase began in August 2019, when Forest2Market and Fisher International were joined under one management team. The acquisition of Tecnon OrbiChem marks our progress in the chemicals space.”
Forest2Market and Fisher International are owned by Battery Ventures, a global technology-focused investment firm.
Houlihan Lokey served as the exclusive financial advisor to Tecnon OrbiChem. This transaction further enhances Houlihan Lokey's Data & Analytics Group’s extensive track record in the energy and commodities data, analytics, and software sector with 40 transactions completed over the past decade. Recently closed transactions in the sector include the sale of RigData (from S&P Global Platts) to Drillinginfo; the sale of Poten & Partners to BGC; the sale of eVision to Wolters Kluwer; the sale of Palantir Solutions to 3esi-Enersight; the sale of PowerAdvocate to Verisk Analytics*; and the sale of RISI to Euromoney Institutional Investor*.
* These transactions were closed at Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.