checkAd

DGAP-News SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity - Subsidiary German Startups Group VC exits two of its portfolio companies

Nachrichtenquelle: EQS Group AG
09.04.2021, 12:15  |  128   |   |   

DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Disposal/Private Equity
SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity - Subsidiary German Startups Group VC exits two of its portfolio companies

09.04.2021 / 12:15
The issuer is solely responsible for the content of this announcement.


+++ Corrected announcement +++
 

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 the second quarter of 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
ir@sgt-germanpe.com
www.sgt-germanpe.com



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: 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: 1183019

 
End of News DGAP News Service

1183019  09.04.2021 

fncls.ssp?fn=show_t_gif&application_id=1183019&application_name=news&site_id=wallstreetSGT German Private Equity Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de






0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

DGAP-News 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 SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity - Subsidiary German Startups Group VC exits two of its portfolio companies 09.04.2021 …

Community

Nachrichten des Autors

Titel
Titel
Titel