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

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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 supervisor, broadcasts 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 had been beforehand excellent, had been 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 starting of May, following the approval from the Committee of Foreign Investment in the United States (CFIUS) late final 12 months. Among the buyers are well-known names resembling EQT, Bain Capital Credit and Tyrus Capital, in addition to institutional buyers together with Capital Dynamics, Commonfund, Flandrin Capital, University of Wisconsin Foundation, UBS Global Wealth Management in addition to SGT Capital Fund II. As deliberate, the first close of SGT Capital Fund II befell at the similar time. SGTPTE thus manages its issued Private Equity Funds, and a three way partnership with an Asian monetary companies supplier, in a complete quantity of greater than 800 million USD.

The newly acquired Utimaco Verwaltungs GmbH is a strongly rising, extremely worthwhile world market chief for high-end cyber safety software program, co-headquartered in Aachen, Germany and Campbell, California, USA. Utimaco has greater than 470 workers and generates a three-digit million income.

SGT German Private Equity has, in the course of the closing, absolutely acquired again loans in the quantity of roughly 7 million EUR, which it had granted to its wholly owned subsidiary SGT Capital Pte. Ltd. (SGTPTE) to fund ramp-up prices.

The present working money circulation of SGTPTE, based in 2019, from the administration of the Private Equity Funds is exceeding the working bills since closing. The sustainable, recurring revenues are equally exceeding the working prices. The administration goals to considerably enhance the managed fund volumes going ahead.

Carsten Geyer, Managing Director of SGT German Private Equity and Managing Partner of SGT Capital: ?As a market-leading enterprise that includes extremely proficient workers round the world, Utimaco is poised for enduring success, as its know-how helps make the digitization of enterprise and society safer. The Utimaco transaction demonstrates SGT Capital?s distinctive functionality to establish and spend money on market main companies and improve their worth by means of world development initiatives.?

Christoph Gerlinger, Managing Director of SGT German Private Equity and Partner of SGT Capital, provides: ?With the closing, the transformation of the former German Startups Group right into a Germany-based Private Equity asset supervisor underneath the identify SGT German Private Equity is accomplished and strikes from the preparation stage into operations. SGT German Private Equity now operates as a payment producing funding advisory agency targeted on non-public fairness asset administration and is nicely outfitted for this. This enterprise mannequin may be very profitable on the capital markets internationally, but there has not been a listed German participant to this point.?

 

About SGT German Private Equity

SGT German Private Equity is a Germany-based listed non-public fairness asset supervisor with registered workplace in Frankfurt/Main. Its 100% subsidiary SGT Capital Pte. Ltd. is a world different funding and non-public fairness asset supervisor headquartered in Singapore.

For its new, sector-agnostic non-public fairness fund SGT Capital Fund II with a geographical deal with Europe and North America (fund lifetime ten years), SGT is aiming for a goal fundraising quantity of 1 to three billion USD. The administration staff has a few years of senior expertise at famend addresses ? world non-public fairness homes, administration consultancies and funding banks.

From its origin as a number one German enterprise capital supplier underneath the German Startups Group model SGT German Private Equity additionally holds a heritage portfolio of minority stakes in some promising German Startups.

 

Investor Relations Contact
Rosenberg Strategic Communications
Dirk Schmitt
[email protected]
+49 170 302 8833

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