SGT GERMAN PRIVATE EQUITY GMBH & CO. KGAA
DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Miscellaneous/Forecast
SGT German Private Equity GmbH & Co. KGaA:
2021-06-23 / 10:17
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
SGT German Private Equity - major fundraising milestone imminent
Frankfurt/Main, 23 June 2021 - SGT Capital Pte. Ltd. (SGTPTE), 100% subsidiary of SGT German Private Equity, has gained
ground with its fundraising and confirms its previously communicated target of having a first close of its private
equity fund in summer 2021 with capital commitments of at least 500 million USD, on top of separate prior commitments
of 480 million USD. For the first close, SGTPTE has firm verbal commitments from 10 renowned cornerstone investors
amounting to more than 350 million USD. SGTPTE is currently formalising those commitments. To conclude the first close,
an already defined group of investors with commitments of 225 million USD will be signed up after the cornerstone
investors and will join them in the first closing.
Additionally, SGTPTE is in active dialogue with more than 100 institutional investors who typically engage after the
first close. Those investors represent more than 1.5 billion USD of potential subscription volume. Over the last three
months, SGPTE has roughly doubled both the number of such interested investors as well as their potential total
commitments to its platform. Based on this additional investor demand, SGTPTE is establishing two parallel fund
vehicles, one in USA (Delaware) and one in Europe (Luxembourg). This process will be finalized over the summer.
Concurrent to expanding institutional investor demand, SGTPTE has made significant progress with sourcing and
evaluating the private equity deal flow fitting its investment criteria, and with selecting and negotiating private
equity deals. It is currently participating in four "live deals" (i.e. private equity transactions) in respect of
highly attractive acquisition targets, with enterprise values ranging from 200 to 600 million EUR. It aims to execute
one or two of these deals in the second half of 2021. About half of the cornerstone investors of its private equity
fund and other renowned investors have indicated interest in direct co-investing in parts of its private equity deal
pipeline.
Together with the earlier commitments to its private equity platform amounting to 480 million USD, SGTPTE expects the
Assets under Management to exceed 1 billion USD by the end of 2021 and 2 billion USD per end of 2022.
Investor Relations Contact
SGT German Private Equity
Florian Dammann
ir@sgt-germanpe.com
www.sgt-germanpe.com
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2021-06-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SGT German Private Equity GmbH & Co. KGaA
Bockenheimer Landstraße 109
60325 Frankfurt am Main
Germany
Phone: +49 (0)30-54908603
Fax: +49 (0)30-54908604
E-mail: info@sgt-germanpe.com
Internet: www.german-startups.com
ISIN: DE000A1MMEV4
WKN: A1MMEV
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Tradegate Exchange
EQS News ID: 1211089
End of News DGAP News Service
=------------ 1211089 2021-06-23
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https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1211089&application_name=news(END) Dow Jones Newswires
June 23, 2021 04:18 ET (08:18 GMT)
