Heliad Equity Partners acquires overall stake of 15 % in Varengold Wertpapierhandelsbank AG


Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Miscellaneous

21.02.2012 / 18:07


Heliad Equity Partners GmbH & Co. KGaA, Frankfurt am Main (ISIN: DE000A0L1NN5), has received approval from the Federal Financial Supervisory Authority (BaFin) to acquire a total stake of 15 % in Varengold Wertpapierhandelsbank AG, a company listed in the Entry Standard (ISIN:DE0005479307) ('Varengold'). All conditions precedent governing the transaction that was initiated last year, have therefore now been met.

Founded by its current management team in 1995, Varengold is a pioneer in the asset management field of managed futures in Germany and has in recent years built up a successful niche position as a CFD/Forex broker and service provider. Today, the company can point to a long track record of growth and has already demonstrated its highly scalable business model and resultant substantial earnings potential in individual financial years. Heliad sees the company's future in particular in its newly incepted public funds, innovative investment platform and CFD/Forex services. With its network and capital, Heliad will be accompanying Varengold's expansion in its two business fields.

 

About Heliad

Heliad is an investment company that supports companies in growth and change phases
as Equity Partner. Special criteria of the investment strategy are the active support of investment companies and the ability to implement appropriate individual financing solutions. Thus Heliad invests in listed and unlisted companies and can invest in majority and minority interests. Further information about Heliad can be found at: www.heliad.com

 

Contact:
Heliad Equity Partners GmbH & Co. KGaA
Andreas Lange
Managing Director
Phone: +49 69 71 91 59 65 0
E-mail: investor-relations@heliad.com



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157562  21.02.2012