EQS-News: SGT German Private Equity GmbH & Co. KGaA: SGT German Private Equity redeems 3.5 million treasury shares
EQS-News: SGT German Private Equity GmbH Co. KGaA
/ Key word(s): Corporate Action
SGT German Private Equity GmbH Co. KGaA: SGT German Private Equity redeems 3.5 million treasury shares
24.05.2023 / 16:20 CET/CEST
The issuer is solely responsible for the content of this announcement.
+++ Press release +++
SGT German Private Equity redeems 3.5 million treasury shares
Frankfurt/Main, 24 May 2022 – SGT German Private Equity GmbH Co. KGaA, a listed Private Equity asset manager, has redeemed its 3,500,000 treasury shares by management and supervisory board resolutions. The number of shares now amounts to 46,301,800.
The free float is increased from 19.0% to 20.6% by this measure.
About SGT German Private Equity
SGT German Private Equity is a Germany-based listed private Equity asset manager with registered office in Frankfurt/Main. Its 100% subsidiary SGT Capital Pte. Ltd. is a global alternative investment and private Equity asset manager headquartered in Singapore.
SGT Capital Fund II, with a geographical focus on Europe and North America (fund lifetime ten years), invests in market leaders and utilizes its proprietary expertise to further globalize the businesses, particularly into Asia markets. SGT seeks to enhance the international capabilities of the businesses it acquires and increasing their global economies of scale. SGT has targeted fundraising volume of 2 to 3 billion USD. The management team has many years of senior experience at renowned addresses – global private equity houses, management consultancies and investment banks. SGT Capital currently manages its issued Private equity Funds, and a joint venture with an Asian financial services provider, in a total volume of more than 800 million USD.
From its origin as a leading German venture capital provider under the German Startups Group brand SGT German Private Equity also holds a heritage portfolio of minority stakes in some promising German Startups.
Investor Relations Contact
Rosenberg Strategic Communications
Dirk Schmitt
d.schmitt@rosenbergsc.com
+49 170 302 8833
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1641149 24.05.2023 CET/CEST