Heliad (XETRA: A7A)

Last close As at 15/06/2024

EUR10.70

−0.20 (−1.83%)

Market capitalisation

EUR92m

Heliad aims to invest in market-leading private companies and skilled entrepreneurs across sectors and regions to power their next phase of growth. It acts as a gateway to public equity markets by leveraging its experienced team and strategic partners.

Latest Insights

View More

Investment Companies | Initiation

Heliad — Starting a new chapter

Investment Companies | Update

Heliad Equity Partners — Plans to merge with FinLab

Investment Companies | Update

Heliad Equity Partners — Enpal and Razor closing new funding rounds

Investment Companies | Update

Heliad Equity Partners — NAV affected by flatexDEGIRO’s de-rating

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Falk Schäfers

    CEO

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 9.5 24.6 (7.6)
Relative 10.4 20.1 (20.2)
52 week high/low €12.1/€8.6

Overview

Heliad Equity Partners (HEP) and FinLab completed their merger in Q423. Heliad, the new combined entity, has seen positive developments across its three largest holdings recently. flatexDEGIRO, while still affected by the low trading activity across the market, in Q323 generated its highest quarterly EBITDA since the meme stock hype in 2021. Raisin has shown sustained strong growth in assets under management (AUM) and last year crossed the €50bn mark. Finally, Enpal more than doubled its revenue to €900m in 2023. All three are profitable and the value of Heliad’s stakes in these companies more than covers its current market cap and net liabilities. Heliad recently invested in AI21 Labs, which develops proprietary text-generating AI technology. Heliad’s shares are now available at a 48% discount to the last reported NAV.

Research

Update

Investment Companies

Heliad Equity Partners — NAV affected by flatexDEGIRO’s de-rating

Initiation

Investment Companies

Heliad Equity Partners — A high-tech growth investor from Germany

QuickView

Investment Companies

Heliad Equity Partners — New investments under new management

Update

Investment Companies

Heliad Equity Partners — New investments under new management

Update

Investment Companies

Heliad Equity Partners — Strong FY20 results backed by flatexDEGIRO

Update

Investment Companies

Heliad Equity Partners — Largest portfolio holding delivers

Update

Investment Companies

Heliad Equity Partners — NAV performance driven by flatex

Update

Investment Companies

Heliad Equity Partners — Portfolio clean up under way

Further insights

insight

Investment Companies

Heliad: EKF 2023 QuickView

insight

Financials

Deutsches Eigenkapitalforum (EKF) 2022 financials

insight

Consumer

Deutsches Eigenkapitalforum (EKF) 2022

Thematics

thematic

Investment Companies

Emerging markets – Worthy of consideration

thematic

Investment Companies

Dynam Capital at the 2024 Vietnam ESG Conference

thematic

Investment Companies

UK stock market – Scope for further upside in UK large-cap stocks

thematic

Investment Companies

Listed private equity – Performing a balancing act

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free