Monday, September 24, 2018

New front

A change of ownership for Meteo Group, providers of BBC weather forecasters.

Current parent company General Atlantic, a private equity operation, bought Meteo back in 2013, from the Press Association, for a reported 190m Euros. PA made a very healthy £125m out of the deal.

Now Zurich-based investors TBG are taking Meteo off General Atlantic's hands - and GA may well make a loss on the sale. TBG already own DTN, a group which supplies online information to weather-sensitive businesses. DTN has its headquarters in Minneapolis. 

No comments:

Post a Comment

Other people who read this.......