Heliad Equity Partners GmbH & Co. KGaA posts record results in first half of 2007; Intrinsic value (NAV) of Euro 1.36 at reporting date; Outlook remains highly positive

Heliad Equity Partners GmbH & Co. KGaA / Quarter Results/Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

Heliad, a publicly listed private equity company, has posted record results for the first half of the 2007 financial year (01.01.-30.6.2007). Earnings after tax (net earnings) doubled year-on-year to reach Euro 5.7 million. Earnings per share amounted to 8 cents in the first half of 2007. In line with the very pleasing earnings performance, the 'intrinsic value' of the share, NAV, reached a new peak of Euro 1.36 at 30.06.2007.
Alongside its very pleasing financial figures, Heliad also developed very positively on an operating level. The company successfully acquired four new, highly promising shareholdings in the second quarter alone. These involve the company’s largest new investment to date, SHB AG, as well as RT Reprotechnik GmbH, ecolutions GmbH & Co. KGaA and TKN AG. All of the new shareholdings fit superbly with Heliad’s strategy of investing in high-growth, owner-run companies at attractive valuation terms and of jointly developing these companies further in cooperation with the respective entrepreneurs.

Heliad’s major existing shareholdings also maintained their growth in the first half of 2007. For most of the companies in its portfolio, Heliad expects 2007 to be the best year in the individual company’s history. Notwithstanding this, none of the unlisted shareholdings were appreciated during the first half of 2007, which means that their positive performance is not yet reflected in Heliad’s half-year NAV figure.
Given the decline in the share price of the publicly listed companies in Heliad’s portfolio in the context of the overall weakening in stock markets, the NAV has seen a slight decline to Euro 1.34 in the period following the reporting date up to the end of July 2007. In view of the fact that most of the companies included in the portfolio are still recognised at cost of acquisition in spite of their operative success, however, the NAV still includes substantial hidden reserves.
Heliad is currently looking at further promising investment opportunities very closely and expects to conclude corresponding deals in the second half of the year as well. Moreover, Heliad expects some of the companies in its existing portfolio to hold their IPOs in the second half of the year. One such company is SHB AG, where the management is currently investigating the option of going public.

The complete quarterly report can be viewed and downloaded from: http://www.heliad.de/de/investorrelations/finanzberichte
+++ About Heliad 
Heliad is a publicly listed investment company that focuses on companies in German-speaking countries. It invests in companies that are undergoing a strong growth phase or that are in a special situation. Its goal is to generate an above-average risk/return ratio for its shareholders. With Heliad, investors therefore participate strongly in the growth prospects of traditional German SMEs as well as in upcoming German technology companies.
With around 3,700 employees and combined sales of more than Euro 350 million, Heliad’s portfolio companies make a major contribution to the German economy.

Further information about the company can be found at www.heliad.de.

Heliad Equity Partners GmbH & Co. KGaA

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

DGAP 15.08.2007 

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