Wood Mackenzie

Wood Mackenzie Ltd
Limited
Industry Energy, metals and mining Research & Consulting
Founded 1973[1]
Headquarters Edinburgh, United Kingdom
Key people
 Stephen Halliday, Chief Executive Officer
Website www.woodmac.com

Wood Mackenzie is a global[2] energy, metals and mining research and consultancy group[3][4] with an international reputation for supplying comprehensive data, written analysis and consultancy advice.[5] In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion.[6]

It is based in Edinburgh Scotland, though it has over 25 offices worldwide. The company's energy business was founded in 1973, when they started reviewing the North Sea oilfields. Since 2007, Wood Mackenzie has acquired coal specialists Hill & Associates in the US and Barlow Jonker in Australia; and Brook Hunt, the UK-based metals analysts.[7][8][9]

History

The company was sold in 1987 to County Natwest by Trustee Savings Bank.[10] In a 2003 report the company claimed that 25 of the largest oil companies had "destroyed value in 50 of the 80 countries they have invested in over the past six years".[11] In a report from the company in 2005 it was discovered that Bangladesh will fail to meet natural gas demands by 2023.[4] In 2007 a report from the company on the Alberta oil sands said "higher royalties will have the biggest impact on high-cost, low-margin projects" this sparked what has been described as a "furious debate" within the oil industry.[12]

In 2012, Hellman & Friedman acquired Wood Mackenzie from Charterhouse Capital Partners.[13]

Detailed History:[14]

1973: North Sea Service, Wood Mackenzie's first industry research offering, was launched

1986: Wood Mackenzie purchased by Hill Samuel, the UK merchant bank, with successive ownership by NatWest and Bankers Trust

1999: Bankers Trust (including Wood Mackenzie) purchased by Deutsche Bank

2001: Management and employee buy-out from Deutsche Bank backed by the Bank of Scotland

2005: Refinancing deal, involving Candover Partners acquiring equity through the exit of Bank of Scotland

2007: Creation of coal team via acquisitions of Hill & Associates and Barlow Jonker. Divestment of Life Sciences division

2008: Creation of metals team via acquisition of Brook Hunt

2009: Refinancing deal, involving Charterhouse Capital Partners acquiring the majority equity stake in the business through the exit of Candover

2010: Acquisition of PetroPlan Refinery Model

2012: Refinancing deal, involving Hellman & Friedman acquiring majority shareholding whilst Charterhouse Capital Partners retained a minority stake

Leadership

•Stephen Halliday, CEO[15]

•Paul Gregory, Chairman[16]

•Brian Aird, Finance Director

References

  1. ↑ .
  2. ↑ Oakes, Elizabeth H.; Mehrdad Ki (2004). Social Science Resources in the Electronic Age: 004. Oryx. p. 187. ISBN 978-1-57356-477-9.
  3. ↑ Hogan, William W.; Sturzenegger, Federico (2010). The natural resources trap: private investment without public commitment. MIT Press. p. 448. ISBN 978-0-262-01379-6.
  4. 1 2 Islam, M. Shahidul (2009). Marie-Carine Lall, ed. The Geopolitics of Energy in South Asia. Institute of Southeast Asian Studies. pp. 137–139. ISBN 978-981-230-827-6.
  5. ↑ "Wood Mackenzie". Institute of Petroleum. Cornell University. 62 (732-743): 234. 2008.
  6. ↑ Kent, Sarah. "Verisk Analytics to Buy Wood Mackenzie for $2.8 Billion; Acquisition of energy consultancy boosts U.S. company’s international exposure", The Wall Street Journal, March 10, 2015. Accessed July 30, 2015.
  7. ↑ Bank, World (2007). Angola: oil, broad-based growth, and equity. World Bank. ISBN 978-0-8213-7102-2.
  8. ↑ Group, Gale; Thom Votteler (2002). International Directory of Company Histories. St James Press. ISBN 978-1-55862-476-4.
  9. ↑ "Wood Mackenzie, Ltd.". Bloomberg.
  10. ↑ Smith, Roy C. (2000). The Global Bankers. Beard. p. 213. ISBN 978-1-58798-022-0.
  11. ↑ Rutledge, Ian (2006). Addicted to oil: America's relentless drive for energy security. I.B.Tauris. p. 6. ISBN 978-1-84511-319-3.
  12. ↑ Journal, Edmonton (September 26, 2007). "Oilsands projects would take $26B hit if royalties hiked, consultant says". THE EDMONTON JOURNAL.
  13. ↑ Private equity deals: July 5, 2012
  14. ↑ http://public.woodmac.com/public/about/our-history
  15. ↑ Ebrahimi, Helia (11 June 2009). "Wood Mackenzie staff set for £170m pay-out bonanz". The Telegraph.
  16. ↑ "Candover offloads Wood Mackenzie". The Scotsmam. 19 June 2009.
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