DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Merger/Change in Forecast
SGT German Private Equity GmbH & Co. KGaA: Closing of the merger of former German Startups Group with SGT Capital to
form SGT German Private Equity GmbH & Co. KGaA
2021-01-26 / 15:27
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
Closing of the merger of former German Startups Group
with SGT Capital to form SGT German Private Equity GmbH & Co. KGaA
- Market capitalization increased six-fold to just under 100 million EUR
- Creation of an international, listed private equity asset manager based out of Germany
- Generation of sustainable, predictable profitability and new growth perspectives
- Progress in the fundraising for its new private equity fund
Frankfurt/Main, 26 January 2021 - Today, SGT German Private Equity completed its merger with SGT Capital Pte. Ltd. by
the registration of its capital raise against contribution in kind in the commercial register. SGT Capital's seasoned
team of private equity professionals has an excellent track record in private equity investments, having invested in
companies in Europe, Israel and the USA from 2015 to early 2020.
The merger results in an international, listed private equity asset manager based out of Germany. The merged company
expects sustainable, predictable net profits from market standard asset management fees of approximately 0.20 to 0.80
EUR p.a. from 2022 onwards, depending on the raised fund volume. In addition, the merged company has the potential to
generate earnings from other assets of SGT German Private Equity of about 25 million EUR, in particular the investments
in German tech growth companies of the wholly owned subsidiary German Startups Group VC GmbH.
The market capitalization of SGT German Private Equity has risen six-fold to just under 100 million EUR as a result of
the transaction. The management expects the trading liquidity of SGF shares to increase significantly compared to the
past.
Already in November 2020, the managing general partner has changed its company name to SGT German Private Equity
Management GmbH. SGT Capital LLC acquires a 75% stake in it with today's effect. Carsten Geyer, Managing Partner of the
SGT Capital Group, joins the management board of the general partner SGT German Private Equity, alongside the present
Managing Director Christoph Gerlinger.
Assuming the special lockdown situation in Europe ending soon, the 100% subsidiary SGT Capital Pte. Ltd., a global
alternative investment and private equity asset manager, headquartered in Singapore, expects the postponed first
private equity transaction for its private equity fund investors to be caught up in spring 2021.
Regarding its fundraising activities, SGT Capital is making good progress and, despite pandemic-related delays, has
gained further investor commitments for its new private equity fund. It expects a so-called "first close" of the fund
in the second quarter of 2021. For the first close, the company still intends to have at least 1 billion USD capital
under management. Two thirds of this amount have now already been confirmed, plus intentions for another 200+ million
USD.
Investor Relations Contact
SGT German Private Equity
Florian Dammann
ir@sgt-germanpe.com
www.sgt-germanpe.com
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2021-01-26 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
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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: 1163422
End of News DGAP News Service
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1163422 2021-01-26
(END) Dow Jones Newswires
January 26, 2021 09:28 ET (14:28 GMT)