Heliad posts record result in first quarter; NAV as of 31 March 2007 with €1.33 at new high; Outlook remains positive

Heliad Equity Partners GmbH & Co. KGaA / Quarter Results
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Heliad Equity Partners posted a record result in the first three months of the fiscal year 2007 (1 January to 31 March 2007). The period result improved to €4.3 million after a €3.5 million in the equivalent quarter of the previous year. Thus in the first quarter over a third of the entire result of the previous total year was earned. Earnings per share totalled €0.06 in the first quarter.

At €1.33 to the end of the quarter, the net asset value posted a new high. Since then, the net asset value continued to rise, reaching the record figure of €1.35 to 30 April 2007, which shows the very positive, continuous development of Heliad's portfolio.

Also the extension of Heliad´s portfolio made progress in the first quarter: Heliad could make two promising investments of each €3 million in two new partner funds: Invision Capital Partners IV and Neuhaus III. Both funds ideally supplement the portfolio in the Early Stage (Neuhaus) and Growth Capital (Invision) investment segments.

In addition, in the first quarter the groundwork was laid for further important direct investments, which could be finally closed in the current second quarter: ecolutions GmbH & Co. KGaA (www.ecolutions.de) and RT Reprotechnik GmbH.

The core existing portfolio companies remained on growth track in the first quarter and most of the companies expect to close this year with the best result in the respective company history. However, this positive development of the core portfolio companies has not yet been reflected in the Heliad NAV, as most of the companies in the portfolio are still accounted for at cost. If the positive operating trend of the portfolio companies continues, a considerable increase in the NAV is expected soon.
After three new investments were reported since the capital increase in November 2006, Heliad is currently working on the final closing of two new investments, for which great potential is anticipated by Heliad's management. In addition, the company is continuously examining further promising investments. From the current perspective, the company's disposable liquidity is sufficient for two to three additional investments in 2007 besides the two upcoming closings.

After the IPOs of CFC and C-QUADRAT at the end of 2006, the Heliad management expects two or three exits in 2007 in the form of IPOs, trade sales or recapitalisations out of the portfolio.
The full quarterly report is available in the internet at http://www.heliad.de/de/investorrelations/finanzberichte

About Heliad

Heliad Equity Partners (WKN: 604 729) is a private equity company that concentrates mainly on companies in German-speaking countries. Investments are made in companies that are in a strong growth phase or a special situation. The aim is to produce an above-average risk/return ratio for the shareholders. With Heliad Equity Partners, the investor thus participates in a concentrated fashion in the growth opportunities not only of traditional German medium-sized companies, but also of aspiring German technological companies.

Heliad's portfolio companies currently employ more than 2.500 people.
Further information on the company is available at www.heliad.de.

Heliad Equity Partners GmbH & Co. KGaA

Alexander Mitsch
Chief Financial Officer / Investor & Press Relations Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@heliad.de

DGAP 31.05.2007 

Language:     English
Issuer: Heliad Equity Partners GmbH & Co. KGaA               Grüneburgweg 18
              60322 Frankfurt am Main Deutschland
Phone:        +49 (0)69 719 15 965 0
Fax:          +49(0)69 719 15 965 11
E-mail:       alexander.mitsch@heliad.de
www:          www.heliad.de
ISIN:         DE0006047293
WKN:          604729
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart  
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