• Heliad Equity Partners acquires a 49% stake in Unicorn Geld- und Wertdienstleistungen GmbH

Heliad Equity Partners GmbH & Co. KGaA / Miscellaneous/Miscellaneous

Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

++ Heliad acquires a 49% stake in Unicorn Geld- und Wertdienstleistungen GmbH
++ Participation in one of the largest companies in the area of money and securities services

Frankfurt, 15 November 2006

Heliad Equity Partners has taken a 49% stake in Unicorn Geld- und Wertdienstleistungen GmbH ('Unicorn'). The company provides security and transportation services in the area of cash and security. After the acquisition of Geld- und Werttransporte GmbH Hannover und Geld- und Werttransporte GmbH Stuttgart on 12 November 2006 is has become one of the market leaders in this sector with over 900 staff. With 26 branches, the company has an efficient logistics network, particularly in Central Germany and the Stuttgart region and services well-known customers, particularly from the banking and retail segments. In 2007, the company is targeting revenues of over EUR 50 million.

Behind Unicorn are well-known names in the industry Hans-Jürgen Michel, Niels Faergemann and Franz-Josef Deckers, who together hold the remaining 51% of the company. As early as 1977, Hans-Jürgen Michel founded a company in the area of cash and securities services and developed it to become one of the biggest market players in the segment before its successful sale to G4S Securicor in 2000. In subsequent years, as Chairman of the Securicor International Holding AG Supervisory Board, he accompanied the integration of the company into the group, before resigning from office in 2006 in order to establish Unicorn with his partners Niels Faergemann and Franz-Josef Deckers. Most recently, Niels Faergemann and Franz-Josef Deckers were Management Board members at Securicor International Holding AG and Managing Directors of G4S Geld- und Wertdienste Deutschland, with many years of management experience in the sector.
With the development of Unicorn, the shareholders are following a classical buy-and-build approach. On the basis of strong organic growth, as well as well-considered acquisitions, the company is targeting an active role in the consolidation of the industry. Furthermore, Unicorn can also benefit from a unique upturn in the security transportation sector. At the beginning of 2006, the market found itself in a turbulent situation it has never experienced with the Heros Group applying for insolvency. This resulted in considerable rethinking among customers. Today the security and quality aspect prevails above the pure price of the transportation service, with the result that suppliers can generate higher margins with a resulting return to stability in the industry. Unicorn’s Managing Director, Hans-Jürgen Michel, comments, 'We are convinced that the market again need a strong, medium-sized company among the first three of the industry in Germany. Reliability, continuity and reliability of the man-agement are the key factors for the future development at Unicorn.'
For the investment, Heliad is providing €5 million in the form of equity capital and a partner loan. Heliad’s Managing Director, Ralf Flore, is satisfied, 'Our EBITDA entry multiplier is somewhat less than 2, calculated on the basis of 2007. The participation clearly shows that with strict investment discipline it is possible to find attractive investment op-tions, even in a private equity environment where there is a high level of liquidity. We regard Michel, Faergemann and Deckers as excellent part-ners. They form a complementary team with integrity which will rapidly and successful develop Unicorn. The Heliad team will also contribute to the company’s success, particularly with its financing and structuring ex-pertise.'

Flores colleague Andreas Lange adds, 'Participations such as Unicorn fit extremely well into our portfolio and form the basis for continuing our success over the next few years and to at least match the good results of the current year or even exceed them considerably. For Unicorn we expect a dynamic development, which should impact strongly on the Heliad annual result and the Net Asset Value by 2008 at the latest.'

About Heliad

Heliad Equity Partners (WKN: 604 729) is a private equity firm that concentrates mainly on companies in German-speaking countries. Investments are made in companies that are in a strong expansion period or special situation. The aim is to produce an above-average risk/return ratio for the shareholders. The investor thus intensively participates with Heliad in the expansion opportunities not only of the traditional German middle class but also of aspiring German technological companies.

Heliad Equity Partners GmbH & Co. KGaA 
Christiane Kriesche
Leiterin Marketing & Kommunikation
Grüneburgweg 18
60322 Frankfurt

Tel.: +49(0)69 719 15 965 17
Fax: +49(0)69 719 15 965 17
E-Mail: christiane.kriesche@sigma-capital.de

DGAP 15.11.2006 

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: christiane.kriesche@sigma-capital.de WWW:          www.heliad.de
ISIN:         DE0006047293
WKN:          604729
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, München, Stuttgart  
End of News DGAP News-Service