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OFFON

SGT GERMAN PRIVATE EQUITY GMBH & CO. KGAA

(SGF)
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PRESS RELEASE : SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity - Majority shareholder buying shares

06/18/2021 | 05:48am EDT
DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Investment 
SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity - Majority shareholder buying shares 
2021-06-18 / 11:46 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
+++ Press release +++ 
 
SGT German Private Equity - Majority shareholder buying shares 
 
- Portfolio company MisterSpex announces IPO 
- Doubling of stake in SoundCloud 
- Settlement of the legal dispute between wiredworld and the former majority shareholding Exozet Berlin 
 
Frankfurt/Main, 18 June 2021 - The SGT Capital LLC, 82.9% majority shareholder of the SGT German Private Equity in 
Frankfurt (SGF), a listed private equity asset manager, has informed the company that it considers the SGF shares to be 
significantly undervalued and has recently bought SGF shares in the stock market. According to its statement, it will 
make use of price dips to make additional purchases also in the future. 
The portfolio company of German Startups Group VC, a wholly owned subsidiary of SGT German Private Equity, MisterSpex 
SE, announced on 14 June 2021 that it will go public in the third quarter of 2021, choosing the Regulated Market (Prime 
Standard) of the Frankfurt Stock Exchange. SGF currently holds a 0.54% stake in MisterSpex (fully diluted) and valued 
this stake at 1.8 million EUR in its balance sheet as of 31 December 2020 (IFRS), based on certain own assumptions. In 
various reports in the press, several valuations for the intended IPO of MisterSpex are mentioned that are noticeably 
higher than the valuation on which SGFs balance sheet is based on. Achieving a higher valuation would have 
corresponding positive effects on the IFRS income statement of SGF. 
German Startups Group VC further expects to sell its stake in another portfolio company in summer 2021. 
Furthermore, German Startups Group VC has doubled its stake in SoundCloud Ltd. 
The lawsuit of wiredworld GmbH, belonging to the former authorized secretary of SGF, Nikolas Samios, against the former 
majority shareholding Exozet Berlin GmbH (today Endava Berlin GmbH) for a payment of 782k EUR, which economically 
affected SGF as a guarantor by 50.8%, was settled at 337k EUR. Thus, SGF has eliminated the related risks mentioned on 
page 10 of its annual report 2020 and moreover, recorded a low six-figure profit compared to the precautionary measures 
taken. 
The Annual General Meeting of SGT German Private Equity will take place on 23 June 2021. The Annual Report 2020 was 
published on the Company's website on 1 June 2021. 
 
Investor Relations Contact 
SGT German Private Equity 
Florian Dammann 
ir@sgt-germanpe.com 
www.sgt-germanpe.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-18 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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:  1209703 
 
End of News   DGAP News Service 
=------------ 

1209703 2021-06-18

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1209703&application_name=news 
 

(END) Dow Jones Newswires

June 18, 2021 05:47 ET (09:47 GMT)

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Managers and Directors
Christoph Gerlinger Co-Chief Executive Officer & Co-Managing Director
Carsten Geyer Co-Chief Executive officer & Co-Managing Director
Gerhard A. Koning Chairman-Supervisory Board
Martin Korbmacher Deputy Chairman-Supervisory Board
Markus Kronenberghs Member-Supervisory Board