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SGT German Private Equity GmbH & Co. KGaA
Regulatory Filings • Apr 9, 2021
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Corporate | 9 April 2021 11:46
SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity – Subsidiary German Startups Group VC exits two of its portfolio companies
DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Disposal/Private Equity
09.04.2021 / 11:46
The issuer is solely responsible for the content of this announcement.
+++ Press release +++
**SGT German Private Equity – Subsidiary German Startups Group VC
exits two of its portfolio companies**
– Significant capital gains and sales proceeds
– More exits and trade sales expected within the portfolio of shareholdings
– Progress in fundraising for its new private equity fund
Frankfurt/Main, 9 April 2021 – The German Startups Group VC GmbH, 100% subsidiary of SGT German Private Equity GmbH & Co. KGaA based in Frankfurt/Main (SGF), a listed private equity asset manager, sells two of its portfolio companies and gains a low seven-digit sales proceed each. With both sales of shareholdings, German Startups Group VC realizes capital gains compared to both the book value as well as to the acquisition costs. German Startups Group VC is expecting further exits and trade sales of portfolio companies in summer 2021.
Regarding its fundraising activities, SGT Capital Pte. Ltd., another 100% subsidiary of SGF, continues to make good progress and, despite ongoing pandemic-related delays, has gained further investor commitments for its new private equity fund. It still expects a so-called “first close” of the fund in summer 2021. For the first close, the company still intends to have at least 1 billion USD capital under management. More than two thirds of this amount have now already been confirmed, plus intentions for another 350+ million USD.
Investor Relations Contact
SGT German Private Equity
Florian Dammann
09.04.2021 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: | [email protected] |
| 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: | 1183001 |
| End of News | DGAP News Service |