Heliad Equity Partners

DB: HPBK

€49.4m market cap

€5 last close

Heliad Equity Partners is a Germany-based investment company that aims to invest in disruptive companies from the DACH region operating in the technology (fintech, IT security and blockchain) and digital brands sectors. The company is undergoing a restructuring of its legacy investment portfolio.

Investment summary

While Heliad Equity Partners continues its reorientation to unlisted companies initiated by the new management in early 2019, its FY19 results reflected the strong share price performance of its largest holding, online broker flatex. Heliad’s market valuation so far in 2020 has been supported by the continued robust share price performance of flatex, which has recorded improved results on the back of the increased stock market volatility caused by the coronavirus pandemic. However, Heliad is still trading at a sizeable discount to the last reported NAV of c 36%.

Share price graph
Price performance
%
1m
3m
12m
Actual 4.2 0.8 32.3
Relative* (4.5) 1.7 35.0
52-week high/low €5.7/€3.2
*% relative to local index
Key management
Juan Rodriguez Member of the Board
Stefan Schuetze Member of the Board