{"id":13518,"date":"2020-09-15T15:57:54","date_gmt":"2020-09-15T13:57:54","guid":{"rendered":"http:\/\/www.german-startups.com\/?page_id=13518"},"modified":"2020-09-15T15:57:54","modified_gmt":"2020-09-15T13:57:54","slug":"press-release-as-of-15-september-2020","status":"publish","type":"page","link":"https:\/\/tpgholding.com\/index.php\/press-release-as-of-15-september-2020\/","title":{"rendered":"Press release as of <br> 15 September 2020"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/tpgholding.com\/wp-content\/uploads\/2018\/08\/GS_Group_transparent-150x150.png\" alt=\"GS_Group_transparent\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center; padding: 0px; margin: 0px;\">+++ Press release +++<\/p>\n<p style=\"text-align: center; padding: 50px; margin: 0px;\"><strong>German Startups Group records the exit of its<br \/>\nportfolio company Fiagon AG<\/strong><\/p>\n<ul>\n<li> Cash inflow of over 2.3 million euros over three years<\/li>\n<li> P&#038;L effect of just under 0.4 million euros<\/li>\n<li> Capital gain of almost 1.2 million euros<\/li>\n<\/ul>\n<p><strong>Berlin, 15 September 2020 \u2013 <\/strong>The German Startups Group, a leading venture capital provider in Germany up to now and a future private equity asset manager, records the exit of one of its portfolio companies. All shares of Fiagon AG Medical Technologies, a leader in electromagnetic surgical navigation solutions, based in Henningsdorf near Berlin, have been acquired by Intersect ENT, Inc., a NASDAQ listed medtech company transforming care for patients with ear, nose and throat (\u201cENT\u201d) conditions, based in Menlo Parc, Silicon Valley, California. <\/p>\n<p>The German Startups Group is a shareholder of Fiagon since its initial investment in 2015, currently with a share of 2.5%. It will receive more than 2.3 million euros over three years time out of the transaction. Besides, the German Startups Group realises a capital gain over acquisition cost in the amount of almost 1.2 million euros, and a gain over its last book value of almost 0.4 million euros. With its investment in Fiagon the German Startups Group achieves a multiple of 2x and an IRR of 24% p.a.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Investor Relations Contact<\/strong><br \/>\n<strong>German Startups Group<\/strong><br \/>\nFlorian Dammann<br \/>\nir@tpgholding.com<br \/>\n<a href=\"https:\/\/tpgholding.com\/\">www.tpgholding.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><u><a href=\"https:\/\/tpgholding.com\/wp-content\/uploads\/2020\/09\/20200915-German-Startups-Group-records-exit-of-its-portfolio-company-Fiagon-AG-Medical-Technologies.pdf\" target=\"_blank\" rel=\"nofollow\" rel=\"\">Click here for PDF version<\/a><\/u><\/p>\n<p>&nbsp;<\/p>\n<p>More information at <a href=\"https:\/\/tpgholding.com\/\">https:\/\/tpgholding.com\/<\/a> and <a href=\"http:\/\/sgt-capital.com\/\">http:\/\/www.sgt-capital.com\/<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; +++ Press release +++ German Startups Group records the exit of its portfolio company Fiagon AG Cash inflow of over 2.3 million euros over three years P&#038;L effect of just under 0.4 million euros Capital gain of almost 1.2 million euros Berlin, 15 September 2020 \u2013 The German Startups Group, a leading venture capital [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-full.php","meta":[],"_links":{"self":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/13518"}],"collection":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/comments?post=13518"}],"version-history":[{"count":1,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/13518\/revisions"}],"predecessor-version":[{"id":13534,"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/pages\/13518\/revisions\/13534"}],"wp:attachment":[{"href":"https:\/\/tpgholding.com\/index.php\/wp-json\/wp\/v2\/media?parent=13518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}