SGT German PE acquires three internet payment service providers

Frank­furt a. M. — A cross-office team led by HEUKING part­ners Dr. Thors­ten Kuthe and Dr. Kai Erhardt has provi­ded legal advice to SGT German Private Equity GmbH & Co. KGaA on the acqui­si­tion of majo­rity stakes in three inter­net payment service providers.
The acqui­si­tion will be finan­ced by EUR 9.15 million in cash on the one hand and by issuing 24.8 million treasury shares on the other.
A price of EUR 2.40 per share has been set for the SGT shares.
On August 13, 2024, the Fran­k­­furt-based private equity mana­ger announ­ced the acqui­si­tion of 72.9% of Funanga AG (Berlin), 75% of Campam­ocha Ltd (Malta) and 75% of Surfer Rosa Ltd (Isle of Man).
With this acqui­si­tion, SGT begins its trans­for­ma­tion into a listed FinTech company, which will operate under the new name “The Payments Group Holding”.
The tran­sac­tion is still subject to various condi­ti­ons, inclu­ding the neces­sary regu­la­tory approval.
SGT German Private Equity GmbH & Co KGaA is a listed invest­ment company based in Frank­furt am Main.
From its history as a leading German venture capi­tal provi­der under the former name German Start­ups Group, SGT German Private Equity holds a heri­tage port­fo­lio of mino­rity stakes in partly promi­sing German tech start­ups. Advi­sors to SGT German Private Equity GmbH & Co. KGaA: HEUKING Dr. Thors­ten Kuthe (Capi­tal Markets/M&A, lead), Colo­gne Dr. Kai Erhardt (M&A, co-lead), Hamburg, Dr. Chris­toph Grin­gel, Frank­furt, Dr. André Hofmann, LL.M.
(banking super­vi­sory law), Frank­furt, Dr. Frede­rik Wiemer (anti­trust law), Hamburg, Dr. Hans Markus Wulf (IP/IT), Hamburg, Marcel Maybaum (IP/IT), Düssel­dorf, Stefan Wester­heide, LL.M.
oec (Corporate/M&A), Colo­gne, Michèle von Lewin­ski (Banking Super­vi­sion), Frank­furt, Natha­lie Hemmer­ling (Corporate/M&A), Hamburg, Tatiana Vorot­nit­skaya, k.i.n. (Capi­tal Markets), Colo­gne About HEUKING With over 400 lawy­ers, tax advi­sors and nota­ries at eight offices in Germany, HEUKING is one of the largest German busi­ness law firms.
Foun­ded over 50 years ago, HEUKING is one of the TOP 20 law firms with the highest turno­ver in Germany accor­ding to the indus­try publisher JUVE.
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