TBG AG
{{Short description|Private investment firm based in Zürich, Switzerland}}
{{Coord|47.3673|8.5377|scale:5000|display=title}}
{{Infobox company
| name = TBG AG
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| type = Private
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| industry = Private Equity
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| founded = {{Start date and age|2014|09}}{{cite web |last1=AG |first1=DV Bern |title=TBG AG |url=https://zh.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-224.628.443 |website=Commercial register of canton Zurich |access-date=20 October 2021 |language=de}}
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| hq_location_city = Zürich
| hq_location_country = Switzerland
| area_served = Worldwide
| key_people = {{Unbulleted list |Christoph von Grolman (Executive Chairman) |Jeremy Abson (CEO)}}
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TBG AG (Thyssen-Bornemisza Group; {{IPAc-en|ˈ|t|i:|s|ɪ|n|_|b|ɔːr|n|ə|'|m|i|t|.|s|ə}}), is a private investment firm based in Zürich, Switzerland. The company is the investment arm of the Thyssen-Bornemisza family{{cite news|last= Foxman|first= Simone|date= 20 October 2017|title= Wealthy Families Are Winning Deals Away From Private Equity|work= Bloomberg Markets|location= New York City|url= https://www.bloomberg.com/news/articles/2017-10-20/wealthy-families-are-winning-deals-away-from-private-equity|access-date= 2018-04-20|quote= TBG AG, the investment arm of the Thyssen-Bornemisza family that's based in Zurich, ...[acquired DTN] this year for $900 million.}} TBG's CEO is Jeremy Abson.
Associated entities include TBG Holdings (Bermuda), Favorita Investment (Malta), Conscientia Investment (Malta), TBG Limited,{{cite web|url=https://www.sec.gov/Archives/edgar/data/1316360/000089843214000060/sc13da.htm|title=Schedule 13D/A: IHS Inc.|date=2014|website=SEC.gov|access-date=2019-02-16}} and Urvanos Investments Limited.{{Citation needed|date=June 2022}}
Holdings and acquisitions
In April 2017 TBG acquired US-based weather and data analytics firm DTN, purchasing it from Schneider Electric for approximately $900M.{{cite news |last=Rucker |first=Nick |date=4 April 2017 |title=Massive acquisition by low key family office of high profile family |work=Family Capital |location=London |url=https://www.famcap.com/2017/04/2017-4-4-massive-acquisition-by-low-key-family-office-of-high-profile-family/ |access-date=2018-07-24}}{{cite news|last=Renzetti|first=Jackie|title=Minneapolis-based DTN sold to Swiss firm for $900M|newspaper=Star Tribune|location=Minneapolis|date=3 April 2017|url=http://www.startribune.com/minneapolis-based-dtn-sold-to-swiss-firm-for-900m/418031033/|access-date=2018-04-20}}
In September 2018 it acquired Netherlands-based weather company MeteoGroup for an undisclosed sum.{{cite press release|date= 24 September 2018|title= MeteoGroup to be acquired by TBG AG|url= https://www.meteogroup.com/meteogroup-be-acquired-tbg-ag|location= London|publisher= MeteoGroup|access-date= 23 October 2018}}{{cite news|last= Key|first= Alys|date= 24 September 2018|title= Weather forecaster MeteoGroup to be sold to Swiss firm|work= Irish Independent|location= Dublin|url= https://www.independent.ie/world-news/weather-forecaster-meteogroup-to-be-sold-to-swiss-firm-37348042.html|access-date= 2019-02-13}}
Subsidiary TBG Holdings purchased a majority stake in Italian valve maker Petrolvalves in 2015.{{cite news|last= Barbaglia|first= Pamela|date= 29 May 2015|title= Petrolvalves majority owners clinch deal with Thyssen family office|work= Reuters|location= London|url= https://www.reuters.com/article/petrolvalves-ma-tpg-holdings-idUSL5N0YK4XJ20150529|access-date= 2019-02-13}}
References
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External links
- [https://zh.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-224.628.443 TBG AG - Handelsregister, Zürich]
Category:Companies based in Zurich