Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Disposal Heliad Equity Partners GmbH & Co. KGaA ('Heliad') has sold its majority stake in R. Häsler AG, Switzerland ('Häsler') on the basis of a sale and purchase agreement dated 16 December 2011 and effective as of today. Heliad's shares in Häsler have been taken over within a management buyout by the existing management team together with a group of investors from Switzerland. The parties to the deal have agreed to maintain confidentiality concerning the purchase price. Together with the management team, Heliad acquired Häsler from its former owner Roland Häsler as part of a succession solution in December 2009. Over the past two years, Heliad supported Häsler in the transformation from an owner-managed business into an institutionalized company with local roots. The company reported increased sales and earnings in each of the past two financial years, whereas growth was driven both organically as well as through selected add-on acquisitions. The purchase price is substantially higher than the company's current net asset value. The profit will be realized in Heliad's financial statements for the fourth quarter of 2011 and will improve further liquidity on the holding level of Heliad. Heliad thanks the management team for the good cooperation and wishes the company a successful future under its new ownership.
About R. Häsler AG
End of Corporate News 16.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Heliad Equity Partners GmbH & Co. KGaA | |
Grüneburgweg 18 | ||
60322 Frankfurt am Main | ||
Germany | ||
Phone: | +49 69 71 91 59 65 0 | |
Fax: | +49 69 71 91 59 65 11 | |
E-mail: | info@heliad.com | |
Internet: | www.heliad.com | |
ISIN: | DE000A0L1NN5 | |
WKN: | A0L1NN | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Stuttgart | |
End of News | DGAP News-Service |
150046 16.12.2011 |