TBG AG explained
| TBG AG |
| Type: | Private |
| Industry: | Private Equity |
| Predecessors: | --> |
| Successors: | --> |
| Founded: | [1] |
| Founders: | --> |
| Hq Location City: | Zürich |
| Hq Location Country: | Switzerland |
| Area Served: | Worldwide |
| Profit: | --> |
| Profit Year: | --> |
| Owners: | --> |
TBG AG, named for the Thyssen-Bornemisza Group, is a private investment firm based in Zürich, Switzerland. The company is the investment arm of the Thyssen-Bornemisza family[2] TBG's CEO is Jeremy Abson.
Associated entities include TBG Holdings (Bermuda), Favorita Investment (Malta), Conscientia Investment (Malta), TBG Limited,[3] and Urvanos Investments Limited.
Holdings and acquisitions
In April 2017 TBG acquired US-based weather and data analytics firm DTN, purchasing it from Schneider Electric for approximately $900M.[4] [5]
In September 2018 it acquired Netherlands-based weather company MeteoGroup for an undisclosed sum.[6] [7]
Subsidiary TBG Holdings purchased a majority stake in Italian valve maker Petrolvalves in 2015.[8]
External links
Notes and References
- Web site: AG . DV Bern . TBG AG . Commercial register of canton Zurich . 20 October 2021 . de.
- News: Foxman. Simone. 20 October 2017. Wealthy Families Are Winning Deals Away From Private Equity. Bloomberg Markets. New York City. 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..
- Web site: Schedule 13D/A: IHS Inc.. 2014. SEC.gov. 2019-02-16.
- News: Rucker . Nick . 4 April 2017 . Massive acquisition by low key family office of high profile family . Family Capital . . 2018-07-24.
- News: Renzetti. Jackie. Minneapolis-based DTN sold to Swiss firm for $900M. Star Tribune. Minneapolis. 3 April 2017. 2018-04-20.
- 24 September 2018. MeteoGroup to be acquired by TBG AG. London. MeteoGroup. 23 October 2018.
- News: Key. Alys. 24 September 2018. Weather forecaster MeteoGroup to be sold to Swiss firm. Irish Independent. Dublin. 2019-02-13.
- News: Barbaglia. Pamela. 29 May 2015. Petrolvalves majority owners clinch deal with Thyssen family office. Reuters. London. 2019-02-13.
