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Foundation Asset Management company logo
Family Office
fam.se

Investments

26

Portfolio Exits

3

About Foundation Asset Management

Foundation Asset Management (FAM) manages the assets of the Wallenberg Foundation. It aims to generate good total returns which in turn will enable the Wallenberg Foundations to fund scientific research and education. It also invests in alternative investments, including private equity and venture capital. The firm was founded in 2007 and is based in Stockholm, Sweden.

Headquarters Location

Arsenalsgatan 8C P.O. Box 16066

Stockholm, 103 22,

Sweden

+46 8-50 400 300

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Latest Foundation Asset Management News

Foundation Asset Management AB and Lindengruppen AB acquired an additional 13.03% stake in Höganäs AB (OM:HOGA B) from Industrivärden (OM

Jul 26, 2023

5-day change February 10, 2013 at 11:00 pm Share Foundation Asset Management AB and Lindengruppen AB acquired an additional 13.03% stake in Höganäs AB (publ) (OM:HOGA B) from Industrivärden (OM:INDU A) for SEK 1.4 billion on February 11, 2013. Under the terms of the agreement, Foundation Asset and Lindengruppen agreed to acquire 4.4 million shares of Höganäs for SEK 320 per share. Lindengruppen AB and Foundation Asset Management AB also made an offer to acquire remaining 67.25% stake in Höganäs AB from Didner & Gerge Fonder, Marathon Asset Management, LLP and other shareholders for SEK 7.9 billion. In the event a public offer from H. Intressenter should result in a higher price per share than SEK 320, Industrivarden will receive an additional payment corresponding to the difference. Foundation Asset Management AB and Lindengruppen AB completed the acquisition of an additional 13.03% stake in Höganäs AB (publ) (OM:HOGA B) from Industrivärden (OM:INDU A) on February 11, 2013. Share

Foundation Asset Management Investments

26 Investments

Foundation Asset Management has made 26 investments. Their latest investment was in H2 Green Steel as part of their Series C on September 9, 2023.

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Foundation Asset Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/7/2023

Series C

H2 Green Steel

$1,607.88M

No

3

4/26/2023

Corporate Minority

Qarlbo Energy

Yes

1

12/27/2022

Unattributed

Novare

Yes

1

8/31/2022

Series B

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$99M

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10

1/1/2022

Private Equity

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10

Date

9/7/2023

4/26/2023

12/27/2022

8/31/2022

1/1/2022

Round

Series C

Corporate Minority

Unattributed

Series B

Private Equity

Company

H2 Green Steel

Qarlbo Energy

Novare

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Amount

$1,607.88M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

1

1

10

10

Foundation Asset Management Portfolio Exits

3 Portfolio Exits

Foundation Asset Management has 3 portfolio exits. Their latest portfolio exit was Nanosys on September 07, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/7/2023

Acquired

$99M

3

6/13/2022

Acquired

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$99M

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10

5/20/2021

Acquired

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$99M

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10

Date

9/7/2023

6/13/2022

5/20/2021

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

Foundation Asset Management Acquisitions

5 Acquisitions

Foundation Asset Management acquired 5 companies. Their latest acquisition was Kivra on June 30, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/30/2022

Seed / Angel

$99M

$10.87M

Acq - Fin

2

5/5/2021

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$99M

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10

1/1/2019

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$99M

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10

12/2/2017

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$99M

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10

1/1/2017

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$99M

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10

Date

6/30/2022

5/5/2021

1/1/2019

12/2/2017

1/1/2017

Investment Stage

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$10.87M

Note

Acq - Fin

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Sources

2

10

10

10

10

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