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Affiliated Managers Group, Inc. (NYSE: AMG) has completed its investment in Forbion Group Holding B.V., a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies. Forbion has approximately €3 billion in assets under management and provides capital and expertise to enable the development of new therapeutics. The terms of the transaction were not disclosed.
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WEST PALM BEACH, Fla., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced the completion of its investment in Forbion Group Holding B.V. (“Forbion”).
Forbion is a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies across all stages of their development. With approximately €3 billion in assets under management, Forbion provides capital and expertise to life sciences companies, enabling the development of new therapeutics that can impact the future of medicine. Led by co-founders and Managing Partners Sander Slootweg, Geert-Jan Mulder, and Martien van Osch, Forbion’s seasoned team has delivered excellent returns for clients across more than two decades, and continues to support companies delivering breakthrough drug therapies to the global market.
The terms of the transaction were not disclosed.
About AMG
AMG is a leading partner to independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in a diverse array of high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. AMG’s innovative partnership approach enables each Affiliate’s management team to own significant equity in their firm while maintaining operational and investment autonomy. In addition, AMG offers its Affiliates growth capital, distribution, and other strategic value-added capabilities, which enhance the long-term growth of these independent businesses, and enable them to align equity incentives across generations of principals to build enduring franchises. As of June 30, 2023, AMG’s aggregate assets under management were approximately $674 billion across a broad range of differentiated investment strategies. For more information, please visit the Company’s website at www.amg.com
About Forbion
Forbion is a dedicated life sciences venture capital firm with offices in The Netherlands, Germany, and Singapore. Forbion invests in life sciences companies that are active in the biopharmaceutical space, managing €3 billion across multiple fund strategies that cover all stages of biopharmaceutical drug development. The firm’s current team consists of more than 30 life sciences investment professionals that have built an impressive performance track record since the late nineties with investments in 95 companies across 8 funds. Forbion’s record of sourcing, building and guiding life sciences companies has resulted in many breakthrough therapies and valuable exits. In addition to its financial return objectives, Forbion selects investments that will positively affect the health and well-being of patients. The firm is a signatory to the United Nations Principles for Responsible Investment. More information can be found at www.forbion.com
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled “Risk Factors” in AMG’s most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
Who announced the completion of the investment in Forbion Group Holding B.V.?
Affiliated Managers Group, Inc. (NYSE: AMG) announced the completion of the investment.
What is Forbion Group Holding B.V.?
Forbion Group Holding B.V. is a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies.
What is the size of Forbion's assets under management?
Forbion has approximately €3 billion in assets under management.
What does Forbion provide to life sciences companies?
Forbion provides capital and expertise to enable the development of new therapeutics.
Who are the co-founders and Managing Partners of Forbion?
The co-founders and Managing Partners of Forbion are Sander Slootweg, Geert-Jan Mulder, and Martien van Osch.
affiliated managers group, inc. (nyse: amg) is a global asset management company with equity investments in leading boutique investment management firms (our “affiliates”). for two decades, we have partnered with the highest quality investment management firms using direct equity ownership in a framework that closely aligns our interests with those of our affiliate partners. while providing our affiliates with continued operational autonomy, we also help them to leverage the benefits of amg’s global scale in product distribution, operations and technology to enhance their growth and capabilities. as of june 30, 2015, the aggregate assets under management of amg’s affiliates were approximately $650 billion, pro forma for a pending investment, in more than 500 investment products across a broad range of investment styles, asset classes and distribution channels.
