SGT German Private Equity

DB: SGF

€21.5m market cap

€1.79 last close

SGT German Private Equity, formerly German Startups Group renamed after the merger with SGT Capital, will become a listed private equity asset manager. The company will manage a PE fund, currently in fundraising phase. SGT also manages a VC portfolio of minority stakes in non-listed entities, predominantly technology businesses.

Investment summary

SGT German Private Equity (SGT, formerly German Startups Group, GSG) reported a minor €0.2m net loss in H120, following the deconsolidation of Exozet in FY19. The company is currently in a merger process with a private equity asset manager SGT Capital. Meanwhile, as at end-June 2020, SGT’s main operations covered a portfolio of 22 minority stakes in non-listed entities, which is expected to gradually wind down. Recently SGT announced the disposal of its Fiagon stake at a 2.0x exit multiple.

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Share price graph
Price performance
%
1m
3m
12m
Actual 1.1 (3.8) 27.0
Relative* (12.1) (6.3) 26.4
52-week high/low €1.9/€1.1
*% relative to local index
Key management
Christoph Gerlinger CEO

Content on SGT German Private Equity