The Payments Group Holding – Update on the financial claims against SGT Capital group of 5.4 resp. 7.2 million EUR

EQS-News: The Payments Group Holding GmbH & Co. KGaA / Key word(s): Legal Matter The Payments Group Holding – Update on the financial claims against SGT Capital group of 5.4 resp. 7.2 million EUR 13.05.2025 / 19:21 CET/CEST The issuer is solely responsible for the content of this announcement. +++ Press release +++

The Payments Group Holding – Update on the financial claims against
SGT Capital group of 5.4 resp. 7.2 million EUR
 

Frankfurt/Main, 13 May 2025 – Legal disputes are taking place between The Payments Group Holding (PGH), a holding company based in Frankfurt am Main that was founded in 2012 and renamed in August 2024, and SGT Capital LLC Group (SGT Group), among other things concerning claims by PGH of now 5.4 resp. 7.2 million EUR, which SGT Group, entangled in numerous legal disputes, controlled by Joseph Pacini and Carsten Geyer, is attempting to evade in a questionable manner with the help of its lawyers Willkie Farr Gallagher LLP. We report on the current status.

 

Origin of the claims against SGT Group

 

TGS24 Capital Pte. Ltd. (TGS24), formerly SGT Capital Pte. Ltd., based in Singapore, a wholly owned subsidiary of PGH, established, between 2022 and 2024, under its then-Directors Marianne Rajic, Marcel Normann, Dino Steinborn and Paul Wong, the first three of whom remain partners of the private equity firm SGT Capital LLC (SGTLLC) in the Cayman Islands, essentially three financial claims against various entities of SGT Group –

• 3.8 million EUR against SGTLLC from a secured loan dated 31.05.22, bearing interest at 9% p.a. and maturing on 31 December 2027, including 1 million EUR in overdue interest,
• 200k EUR against SGT Beteiligungsberatung GmbH, Frankfurt (SGTBB) from a loan dated 24 February 2024 that became due on 31 December 2024, and 41k EUR from an invoice for expenses due since June 2024 relating to 2023 bonuses for employees dispatched by PGH to SGTBB, which SGTBB had firmly committed to these employees and to PGH, and
• 1.4 million EUR against two entities of the SGT flagship fund SGT Capital Fund II (SGT Fund II) and other affiliated companies in connection with expenses incurred by TGS24 in 2022 and 2023.

TGS24 assigned these claims to its parent company PGH in 2024.