Transcend Director Steve Bartlett advised the management team of MeteoGroup during their €190m buy-out from PA Group (the Press Association). This was a role that saw us advise the management team as they navigated the path from incumbent employees to become co-owners of the business.
Founded in 1986, MeteoGroup is one of the major weather companies in the world with almost 400 employees. It is a full-service weather business utilising global weather data, proprietary technologies and skilled meteorologists to create bespoke forecasts. This cutting-edge forecasting is delivered to customers in corporate, industrial, media and consumer markets as tailored products and sophisticated decision support tools – not just informing the customer what the weather will do, but what it means for their business.
Jennie Campbell, CEO of MeteoGroup, said: “General Atlantic will be an excellent value-added partner for MeteoGroup given its strong track record in growth equity investing, unrivalled global reputation and expertise in the data industry. We are delighted to have them on board as we continue to deliver the next phase of growth, based on our core technology platform, delivering weather forecasts, support, monitoring and consultancy services 24 hours a day.”