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

TBG AG
TypePrivate
IndustryPrivate Equity
FoundedSeptember 2014 (2014-09)[1]
Headquarters
Zurich[1]
,
Switzerland
Area served
Worldwide
Key people

TBG AG, named for the Thyssen-Bornemisza Group (/ˈtiːsɪn bɔːrnəˈmit.sə/), is a private investment firm based in Zurich, Switzerland. The company is the investment arm of the Thyssen-Bornemisza family[2] TBG's CEO is Christoph von Grolman.[3]

Associated entities include TBG Holdings (Bermuda), Favorita Investment (Malta),[4] Conscientia Investment (Malta), TBG Limited,[5] 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.[6][7]

In September 2018 it acquired Netherlands-based weather company MeteoGroup for an undisclosed sum.[8][9]

Subsidiary TBG Holdings purchased a majority stake in Italian valve maker Petrolvalves in 2015.[10]

References

  1. 1 2 3 AG, DV Bern. "TBG AG". Commercial register of canton Zurich (in German). Retrieved 20 October 2021.
  2. ↑ 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.
  3. ↑ "Schedule 14A Information: IHS Inc". SEC.gov. 2015. Retrieved 2019-02-16. Mr. Grolman is CEO of TBG AG.
  4. ↑ "TBG Holdings Limited (Christoph von Grolman)". Government of Bermuda. 2019. Retrieved 2019-02-16.
  5. ↑ "Schedule 13D/A: IHS Inc". SEC.gov. 2014. Retrieved 2019-02-16.
  6. ↑ Rucker, Nick (4 April 2017). "Massive acquisition by low key family office of high profile family". Family Capital. London. Retrieved 2018-07-24.
  7. ↑ Renzetti, Jackie (3 April 2017). "Minneapolis-based DTN sold to Swiss firm for $900M". Star Tribune. Minneapolis. Retrieved 2018-04-20.
  8. ↑ "MeteoGroup to be acquired by TBG AG" (Press release). London: MeteoGroup. 24 September 2018. Retrieved 23 October 2018.
  9. ↑ Key, Alys (24 September 2018). "Weather forecaster MeteoGroup to be sold to Swiss firm". Irish Independent. Dublin. Retrieved 2019-02-13.
  10. ↑ Barbaglia, Pamela (29 May 2015). "Petrolvalves majority owners clinch deal with Thyssen family office". Reuters. London. Retrieved 2019-02-13.
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