NEW YORK — The McGraw-Hill Companies, a provider of financial and educational content, has reached an agreement to acquire Kingsman S.A., a privately-held provider of price information and analytics for the global sugar and biofuels market. At McGraw-Hill, Kingsman will operate as part of the Platts division, a provider of global energy, petrochemicals and metals information. McGraw-Hill said it expects the transaction will close Nov. 1.
“Our acquisition of Kingsman deepens Platts’ capabilities in biofuels and gives us a springboard for growth in the global agricultural markets,” said Larry Neal, president of Platts. “It also reinforces our commitment to becoming a leader in market analytics as well as news and price information.”
Kingsman was established in 1990 and is based in Lausanne, Switzerland. The company has analysts, researchers and report writers in key markets, including London, Montreal, New Delhi and Sao Paulo. It serves a global clientele of producers, traders, refiners, financial institutions and end-users, offering a variety of subscription publications covering sugar, ethanol and biodiesel.