UK Markets closed
  • FTSE 100

    7,027.58
    +59.28 (+0.85%)
     
  • FTSE 250

    22,883.39
    +206.11 (+0.91%)
     
  • AIM

    1,232.54
    +4.45 (+0.36%)
     
  • GBP/EUR

    1.1675
    -0.0013 (-0.11%)
     
  • GBP/USD

    1.3754
    -0.0013 (-0.0977%)
     
  • BTC-GBP

    24,910.49
    +322.38 (+1.31%)
     
  • CMC Crypto 200

    786.33
    -7.40 (-0.93%)
     
  • S&P 500

    4,411.79
    +44.31 (+1.01%)
     
  • DOW

    35,061.55
    +238.20 (+0.68%)
     
  • CRUDE OIL

    72.17
    +0.26 (+0.36%)
     
  • GOLD FUTURES

    1,802.10
    -3.30 (-0.18%)
     
  • NIKKEI 225

    27,548.00
    +159.80 (+0.58%)
     
  • HANG SENG

    27,321.98
    -401.86 (-1.45%)
     
  • DAX

    15,669.29
    +154.75 (+1.00%)
     
  • CAC 40

    6,568.82
    +87.23 (+1.35%)
     

SGT German Private Equity GmbH & Co. KGaA:

·3-min read

DGAP-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Miscellaneous/Forecast
23.06.2021 / 10:17
The issuer is solely responsible for the content of this announcement.

+++ Press release +++
 

SGT German Private Equity - major fundraising milestone imminent
 

Frankfurt/Main, 23 June 2021 - SGT Capital Pte. Ltd. (SGTPTE), 100% subsidiary of SGT German Private Equity, has gained ground with its fundraising and confirms its previously communicated target of having a first close of its private equity fund in summer 2021 with capital commitments of at least 500 million USD, on top of separate prior commitments of 480 million USD. For the first close, SGTPTE has firm verbal commitments from 10 renowned cornerstone investors amounting to more than 350 million USD. SGTPTE is currently formalising those commitments. To conclude the first close, an already defined group of investors with commitments of 225 million USD will be signed up after the cornerstone investors and will join them in the first closing.

Additionally, SGTPTE is in active dialogue with more than 100 institutional investors who typically engage after the first close. Those investors represent more than 1.5 billion USD of potential subscription volume. Over the last three months, SGPTE has roughly doubled both the number of such interested investors as well as their potential total commitments to its platform. Based on this additional investor demand, SGTPTE is establishing two parallel fund vehicles, one in USA (Delaware) and one in Europe (Luxembourg). This process will be finalized over the summer.

Concurrent to expanding institutional investor demand, SGTPTE has made significant progress with sourcing and evaluating the private equity deal flow fitting its investment criteria, and with selecting and negotiating private equity deals. It is currently participating in four "live deals" (i.e. private equity transactions) in respect of highly attractive acquisition targets, with enterprise values ranging from 200 to 600 million EUR. It aims to execute one or two of these deals in the second half of 2021. About half of the cornerstone investors of its private equity fund and other renowned investors have indicated interest in direct co-investing in parts of its private equity deal pipeline.

Together with the earlier commitments to its private equity platform amounting to 480 million USD, SGTPTE expects the Assets under Management to exceed 1 billion USD by the end of 2021 and 2 billion USD per end of 2022.
 

Investor Relations Contact
SGT German Private Equity
Florian Dammann
ir@sgt-germanpe.com
www.sgt-germanpe.com


23.06.2021 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:

1211089


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting