SGT German Private Equity - PE fund first close expected shortly
SGT German Private Equity (SGT) reported a €0.7m net loss in FY20 compared to €3.7m loss in FY19 (excluding the deconsolidated Exozet). The company finalised its merger with SGT Capital in January 2021 and expects the first close of the PE fund in the coming weeks with c US$1.0bn in funds and subsequently to start collecting management fees. SGT expects to close several PE transactions on companies with an enterprise value of €200–800m by the end of FY21 and the asset management business should drive its results going forward. Meanwhile, the VC portfolio is gradually being sold off.German Startups Group GmbH & Co KgaA. German Startups Group GmbH & Co KgaA is a Germany-based venture capital company. The Company invests in startup companies in the seed, early, mid and growth stages. In addition, the Company acquires secondary shares of startups from founders, business angels and early stage investors. Its portfolio includes Ayondo, Customer Alliance, Cybits, DaliaResearch, Delivery Hero, eWings.com, ePetWorld GmbH, Fanmiles, Fanmiles, Itembase, Juniqe, Lingoda, Medlanes, meinKauf, Mister Spex, Returbo, Shutzklick, Soundcloud, and Wummel Kiste, among others. In addition, the Company operates a majority stake in Exozet Berlin GmbH, through which, it offers its portfolio companies access to a range of services: realization of Web and applications, development of online marketing campaigns, consulting of brand development, modifying business models and selecting technology.
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