RCS - SGT German Private - Closing of the first Private Equity transaction

German Tech Holding GmbH & Co. KGaA

06/06/2022 07:00

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RNS Number : 6548N  SGT German Private Equity GmbH & Co  06 June 2022

SGT German Private Equity GmbH & Co. KGaA: Closing of the first Private
Equity transaction and first close of the Private Equity Fund

 DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s):
 Expansion/Incoming Orders

SGT German Private Equity GmbH & Co. KGaA: Closing of the first Private
 Equity transaction and first close of the Private Equity Fund

01.06.2022 / 18:25

The issuer is solely responsible for the content of this announcement.

 +++ Press release +++

 

 SGT German Private Equity - Closing of the first Private Equity transaction

and first close of the Private Equity Fund

 

 Frankfurt/Main, 1 June 2022 - SGT German Private Equity GmbH & Co. KGaA
 (SGF), a listed Private Equity asset manager, announces the closing of the
 first Private Equity transaction of its wholly owned subsidiary SGT Capital
 Pte. Ltd. (SGTPTE), the acquisition of Utimaco. The approvals for this, which
 were previously outstanding, were granted by the United Kingdom Department for
 Business, Energy & Industrial Strategy in February, and by the German
 Federal Ministry for Economic Affairs and Climate Protection at the beginning
 of May, following the approval from the Committee of Foreign Investment in the
 United States (CFIUS) late last year. Among the investors are well-known names
 such as EQT, Bain Capital Credit and Tyrus Capital, as well as institutional
 investors including Capital Dynamics, Commonfund, Flandrin Capital, University
 of Wisconsin Foundation, UBS Global Wealth Management as well as SGT Capital
 Fund II. As planned, the first close of SGT Capital Fund II took place at the
 same time. SGTPTE thus manages its issued Private Equity Funds, and a joint
 venture with an Asian financial services provider, in a total volume of more
 than 800 million USD.

 The newly acquired Utimaco Verwaltungs GmbH is a strongly growing, highly
 profitable global market leader for high-end cyber security software,
 co-headquartered in Aachen, Germany and Campbell, California, USA. Utimaco has
 more than 470 employees and generates a three-digit million revenue.

 SGT German Private Equity has, in the course of the closing, fully received
 back loans in the amount of approximately 7 million EUR, which it had granted
 to its wholly owned subsidiary SGT Capital Pte. Ltd. (SGTPTE) to fund ramp-up
 costs.

 The current operating cash flow of SGTPTE, founded in 2019, from the
 management of the Private Equity Funds is exceeding the running expenses since
 closing. The sustainable, recurring revenues are equally exceeding the running
 costs. The management aims to significantly increase the managed fund volumes
 going forward.

 Carsten Geyer, Managing Director of SGT German Private Equity and Managing
 Partner of SGT Capital: "As a market-leading business that comprises highly
 talented employees around the world, Utimaco is poised for enduring success,
 as its technology helps make the digitization of business and society more
 secure. The Utimaco transaction demonstrates SGT Capital's unique capability
 to identify and invest in market leading businesses and enhance their value
 through global growth initiatives."

 Christoph Gerlinger, Managing Director of SGT German Private Equity and
 Partner of SGT Capital, adds: "With the closing, the transformation of the
 former German Startups Group into a Germany-based Private Equity asset manager
 under the name SGT German Private Equity is completed and moves from the
 preparation stage into operations. SGT German Private Equity now operates as a
 fee generating investment advisory firm focused on private equity asset
 management and is well equipped for this. This business model is very
 successful on the capital markets internationally, yet there has not been a
 listed German player to date."

 

 About SGT German Private Equity

 SGT German Private Equity is a Germany-based listed private equity asset
 manager with registered office in Frankfurt/Main. Its 100% subsidiary SGT
 Capital Pte. Ltd. is a global alternative investment and private equity asset
 manager headquartered in Singapore.

 For its new, sector-agnostic private equity fund SGT Capital Fund II with a
 geographical focus on Europe and North America (fund lifetime ten years), SGT
 is aiming for a target fundraising volume of 1 to 3 billion USD. The
 management team has many years of senior experience at renowned addresses -
 global private equity houses, management consultancies and investment banks.

 From its origin as a leading German venture capital provider under the German
 Startups Group brand SGT German Private Equity also holds a heritage portfolio
 of minority stakes in some promising German Startups.

 

 Investor Relations Contact

Rosenberg Strategic Communications

Dirk Schmitt

d.schmitt@rosenbergsc.com

+49 170 302 8833

01.06.2022 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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 Financial/Corporate News and Press Releases.

Archive at www.dgap.de

 Language:     English
 Company:      SGT German Private Equity GmbH & Co. KGaA
               Senckenberganlage 21
               60325 Frankfurt/Main
               Germany
 Phone:        069-348690520
 Fax:          069-348690529
 E-mail:       info@sgt-germanpe.com
 Internet:     www.sgt-germanpe.com
 ISIN:         DE000A1MMEV4
 WKN:          A1MMEV
 Indices:      Scale 30
 Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg,
               Tradegate Exchange
 EQS News ID:  1366609

 

 End of News  DGAP News Service

 

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