Garfield Smith – Technology & Data Lawyers have advised and represented the World Bureau of Metal Statistics on the sale of its entire share capital to Refinitiv Plc, a London Stock Exchange Group business. Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, with $6.25 billion in revenue, over 40,000 customers and 400,000 end users across 190 countries.
The team at Garfield Smith – Technology & Data Lawyers was led by Garfield Smith and Amanda Sermon. Refinitiv were advised by DLA Piper.
Eikon is Refinitiv’s open-technology solution for financial markets professionals, providing access to industry-leading data, insights, and exclusive and trusted news. The World Bureau of Metal Statistics customers will now gain access to Eikon’s broad metals and macro-economic data, news and analytics. At the same time, Eikon users will now receive supply, demand and trade flow data on industrial metals to support their trading decisions and research needs.
Sue Eales, of WBMS, said:
“After working for 42 years at WBMS, I am delighted that the company will move to its new home at Refinitiv, which shares our commitment to impartiality, accuracy and consistency of data. We were delighted with the help and support that Garfield and his team provided to us on this transformational transaction. Having advised the World Bureau of Metal Statistics for a number of years, they were the natural choice to devise and manage WBMS’s sale by way of a competitive auction process. They were exceptional in all respects.”
The team at Garfield Smith – Technology & Data Lawyers advised the World Bureau of Metal Statistics on all aspects of the sale. This transaction adds to the law firm’s unmatched record of helping data and technology companies thrive in the modern market.
Garfield Smith, Managing Director, said:
“We are extremely pleased to have represented the World Bureau of Metal Statistics to achieve this fabulous outcome for it and for Refinitiv PLC. Having worked with Sue, and advised on commercial matters, for a long time we were delighted to be able to support her and her business with our corporate expertise. The deal cements our reputation as the leading London law firm for assisting with founder exits. We wish the World Bureau of Metal Statistics every good fortune as part of the London Stock Exchange Group.”
The World Bureau of Metal Statistics is the leading independent data resource for the global metals industry, maintaining the reference data set for non-ferrous metals throughout the world. It researches a wealth of first-class data from various global resources to ensure the published information is consistent and accurate, whilst tracking industry changes.
Garfield Smith – Technology & Data Lawyers, has been at the forefront of technology and data law since 1997. In the last five years, the firm has advised on technology deals worth over $1 billion and is now regarded as one of the leading technology and data-focused law firms in the UK. Everyone at the firm shares a passion for technology and the business of technology. The firm has been part of the evolution of the UK’s TMT sector in the UK and has helped hundreds of clients, from cutting-edge start-ups to FTSE 100 companies, to successfully develop, scale, protect, exploit and procure technology