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Currency in EUR
Last close As at 25/03/2023
EUR4.36
▲ 0.03 (0.69%)
Market capitalisation
EUR56m
Heliad Equity Partners aims to invest in market-leading private companies and skilled entrepreneurs across sectors and regions to power their next phase of growth and act as a gateway to public equity markets by leveraging its experienced team and strategic partners.
Investment Companies
Investment Companies
Investment Companies
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (6.3) | 15.0 | (51.6) |
| Relative | (5.1) | 5.2 | (53.9) |
| 52 week high/low | €9.3/€3.7 |
Heliad Equity Partners (HEP) reported a 3.6% decrease in net asset value (NAV) over the four-month period ending January 2023, bringing the NAV decrease since end 2021 to 45.4%. flatexDEGIRO (FTK) was the main valuation driver and remains HEP’s largest asset (38% of the portfolio). Meanwhile, HEP’s private portfolio saw successful funding rounds at Enpal and Razor Group in recent months. HEP recently issued 1.6m new shares, raising €7m in new capital to facilitate further investments. Given that the share issue was carried out at a 43.6% discount to end-January 2023 NAV, we calculate that it will result in a c 5% NAV per share dilution.
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