SGT, Tyrus announce strategic partnership

The partnership will cover deals in Europe and the US.

According to a statement, Tyrus aims to bring its experience in capital markets and its access to institutional investors to the partnership, while SGT will contribute its experience in sourcing and executing deals.

Tyrus manages four strategies: private equity secondaries; structured trades and event arbitrage; real estate credit; and listed convertible debt. The GP established its private equity strategy in 2012.

SGT acquired cybersecurity software platform Utimaco from EQT in August 2021, as reported. The deal saw Tyrus join SGT as a co-investor, according to a statement.

SGT Capital Fund II was expected to hold a first close on the completion of its acquisition of Utimaco, as reported. The GP said in a statement that "some institutional investors are now interested in both subscribing to the fund and co-investing in Utimaco".

As of August 2021, the vehicle had raised around USD 1bn in commitments and was expected to raise USD 1bn-3bn in total. The vehicle has a lifespan of 10 years.

SGT Capital merged with SGT German Private Equity in January 2021, forming a listed entity with a heritage portfolio of minority investments from the German Startups Group. The GP targets mid-market businesses based in western Europe and Israel, focusing on healthcare and medical technology, advanced industrials, business services, and data and analytics. The firm operates in Germany and Singapore.

Click here to read a profile of Tyrus Capital on Unquote.com.

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