SGT German Private Equity Renames to The Payments Group Holding and Acquires Three Payment Service Providers

In a significant move, SGT German Private Equity has announced its renaming to "The Payments Group Holding" and the acquisition of majority stakes in three profitable internet payment service providers. The transformation was approved at their Annual General Meeting with nearly unanimous support.

The acquired companies, Funanga AG, Campamocha Ltd., and Surfer Rosa Ltd., are known for their growth and profitability. The transaction includes a mix of cash and treasury shares, valuing each SGT German Private Equity share at EUR 2.40.

The newly formed group aims for a transaction volume of EUR 140 million and revenue of EUR 15 million by 2025. The integration is expected to boost profits and strategic growth under the leadership of CEO Christoph Gerlinger and new Chief Strategy Officer, Seth Iorio.