Brief: German Startups Group Merges With SGT Capital, Becomes Listed Private Equity Asset Manager

German Tech Holding GmbH & Co. KGaA

15/07/2020 19:45

July 15 (Reuters) - German Startups Group GmbH & Co KgaA
 GSJGn.DE :
    * DGAP-ADHOC: GERMAN STARTUPS GROUP GMBH & CO. KGAA: GERMAN
STARTUPS GROUP MERGES WITH SGT CAPITAL AND BECOMES A LISTED
PRIVATE EQUITY ASSET MANAGER
    * MERGER PER ACQUISITION OF A CONTRIBUTION IN KIND AT
VALUATION OF
2.92 TO 4.04 EUR PER NEWLY ISSUED GERMAN STARTUPS GROUP SHARE
    * MERGED CO WILL RENAMED SGT GERMAN PRIVATE EQUITY GMBH &
CO.
KGAA;MOVE ITS REGISTERED OFFICE TO FRANKFURT AM MAIN
    * MERGED COMPANY HAS POTENTIAL TO GENERATE EARNINGS FROM
ASSETS OF
ABOUT 30 MILLION EUR
    * MERGED CO EXPECTS SUSTAINABLE, PREDICTABLE NET PROFITS
FROM
MARKET STANDARD ASSET MANAGEMENT FEES OF 0.15 TO 0.20 EUR PER
GSG SHARE IN 2021
    * CHRISTOPH GERLINGER WILL REMAIN MANAGING DIRECTOR OF
GENERAL
PARTNER IN NEW STRUCTURE AND ENTIRE TEAM OF GSG WILL STAY
EMPLOYED
    * MERGED CO EXPECTS SUSTAINABLE, PREDICTABLE NET PROFITS
FROM
MARKET STANDARD ASSET MANAGEMENT FEES OF ABOUT 0.20 TO 0.30 EUR
P.A. FROM 2022 ONWARDS
    * 75% STAKE WILL BE SOLD BY SOLE SHAREHOLDER, GERLINGER &
PARTNER,
TO SGT CAPITAL, IN WHICH GERLINGER & PARTNER, IN TURN, HOLDS
MINORITY STAKE

Source text for Eikon:  ID:nEQ9qxr5sa 
Further company coverage:  GSJGn.DE 

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