Heliad Equity Partners

Heliad Equity Partners (XETRA: HPBK)

Currency in EUR

Last close As at 07/02/2023

EUR5.10

▲ 0.02 (0.39%)

Market capitalisation

EUR57m

Overview
Price performance
Financials
Research
Sector insights
Thematics

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.

Latest Insights

14.10.22

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

Investment Companies

11.07.22

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

Investment Companies

29.10.21

Heliad Equity Partners — New investments under new management

Investment Companies

14.10.21

Heliad Equity Partners — New investments under new management

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Sector

Investment Companies

Equity Analyst

Milosz Papst

Director, Financials

Key Management

Falk Schäfers

CEO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	24.1	(3.4)	(47.6)
Relative	18.3	(14.7)	(48.0)
52 week high/low	€9.7/€3.8

Overview

Heliad Equity Partners (HEP) posted a 35% decrease in net asset value (NAV) per share during Q222, driven mostly by the 51% stock price decrease of flatexDEGIRO (FTK) (alongside the sell-off across listed online brokers), which now makes up roughly half of HEP’s portfolio. Meanwhile, revaluation of private holdings had a minor impact on HEP’s NAV, with only FINN and Klarna closing new funding rounds in Q222. We note that HEP’s management expects the weighted average revenue of its new investments since 2021 to grow 3.6x in 2022 vs the prior year. Management also highlighted that advanced talks on new funding rounds of some holdings may bring HEP’s NAV per share to c €10 (up c 20% from end-June 2022), while the current HEP share price is c 53% lower.