TBG AG

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Coordinates: 47°22′02″N 8°32′16″E / 47.3673°N 8.5377°E / 47.3673; 8.5377

TBG AG
Private
IndustryVenture capital
FoundedSeptember 2014; 4 years ago (2014-09)
Headquarters,
Area served
Worldwide
Key people

TBG AG, named for the Thyssen-Bornemisza Group (/ˈtsɪn bɔːrnəˈmisə/), is a private venture capital firm based in Zurich, Switzerland. The company is the investment arm of the Thyssen-Bornemisza family[1] and is chaired by Georg Heinrich Thyssen-Bornemisza[2], eldest son of noted industrialist and art collector Hans Heinrich Thyssen-Bornemisza.[3][4] TBG's CEO is Christoph von Grolman.[5]

Associated entities include TBG Holdings (Bermuda), Favorita Investment (Malta),[6] Conscientia Investment (Malta), TBG Limited,[7], and Urvanos Investments Limited.

Holdings and acquisitions[edit]

In April 2017 TBG acquired US-based weather and data analytics firm DTN, purchasing it from Schneider Electric for approximately $900M.[3][8]

In September 2018 it acquired Netherlands-based weather company MeteoGroup for an undisclosed sum.[9][10]

Subsidiary TBG Holdings purchased a majority stake in Italian valve maker Petrolvalves in 2015.[11]

External links[edit]

References[edit]

  1. ^ Foxman, Simone (20 October 2017). "Wealthy Families Are Winning Deals Away From Private Equity". Bloomberg Markets. New York City. Retrieved 2018-04-20. TBG AG, the investment arm of the Thyssen-Bornemisza family that's based in Zurich, ...[acquired DTN] this year for $900 million.
  2. ^ "Les 300 Plus Riches de Suisse: 51. Famille Thyssen-Bornemisza" [The 300 Richest Swiss: 51. Thyssen-Bornemisza Family]. Bilan (in French). 2018. Retrieved 13 February 2019.
  3. ^ a b Rucker, Nick (4 April 2017). "Massive acquisition by low key family office of high profile family". Family Capital. London. Retrieved 2018-07-24.
  4. ^ Kandell, Jonathan (28 April 2002). "Baron Thyssen-Bornemisza, Industrialist Who Built Fabled Art Collection, Dies at 81". New York Times. New York City. Retrieved 2018-07-24.
  5. ^ "Schedule 14A Information: IHS Inc". SEC.gov. 2015. Retrieved 2019-02-16. Mr. Grolman is CEO of TBG AG.
  6. ^ "TBG Holdings Limited (Christoph von Grolman)". Government of Bermuda. 2019. Retrieved 2019-02-16.
  7. ^ "Schedule 13D/A: IHS Inc". SEC.gov. 2014. Retrieved 2019-02-16.
  8. ^ Renzetti, Jackie (3 April 2017). "Minneapolis-based DTN sold to Swiss firm for $900M". Star Tribune. Minneapolis. Retrieved 2018-04-20.
  9. ^ "MeteoGroup to be acquired by TBG AG" (Press release). London: MeteoGroup. 24 September 2018. Retrieved 23 October 2018.
  10. ^ Key, Alys (24 September 2018). "Weather forecaster MeteoGroup to be sold to Swiss firm". Irish Independent. Dublin. Retrieved 2019-02-13.
  11. ^ Barbaglia, Pamela (29 May 2015). "Petrolvalves majority owners clinch deal with Thyssen family office". Reuters. London. Retrieved 2019-02-13.