PGH Group Divests Part of VC Portfolio Investment

The Payments Group Holding GmbH & Co. KGaA (PGH) has announced the sale of a portion of its venture capital portfolio. This transaction resulted in proceeds of approximately 889k EUR, achieving a multiple of 4x compared to initial acquisition costs. Despite this, a loss of 0.8 million EUR was recorded against the book value due to a standard market discount applied during the secondary transaction.

In legal matters, PGH is facing a lawsuit from SGT Capital GP Sàrl, which seeks enforcement of counterclaims amounting to 3.8 million EUR. PGH’s attorneys view these claims as baseless. Additionally, several SGT entities have also lodged legal action against PGH in Hamburg, attempting to restrict PGH's public statements. PGH maintains confidence in its legal standing, supported by its defense filings.