Heliad Equity Partners

DB: HPBK

€57.3m market cap

€5.8 last close

Heliad Equity Partners is a Germany-based investment company focused on listed and unlisted smaller companies in German-speaking countries. Investments typically comprise growth and venture stage technology companies operating disruptive business models or addressing structural issues.

Investment summary

Heliad’s results and NAV were influenced by the overall conditions in the
equity markets, with all but one listed holding (DEAG Deutsche
Entertainment) posting a share price decline in H118. Major portfolio
developments during the period include the reduction of the FinTech
Group stake, participation in the pre-IPO funding round of Cyan and
acquisition of Cubitabo by Sleepz. Heliad’s shares currently trade at a 29%
discount to the last reported NAV of €10.38 (as at end-June 2018), with an
even wider discount if we take into account FinTech’s current share price.

Share price graph
Price performance
%
1m
3m
12m
Actual 16.0 3.6 (35.1)
Relative* 13.1 1.9 (29.2)
52-week high/low €9.4/€4.8
*% relative to local index
Key management
Thomas Hanke CEO
Gunter Griener Investments Director