Heliad Equity Partners GmbH & Co. KGaA / Miscellaneous
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++ Heliad sells its remaining stake in ItN Nanovation
++ Multiple of 1.5x invested capital realised
Heliad Equity Partners GmbH & Co. KGaA (DE0006047293/ WKN 604729) sold its
remaining stake in ItN Nanovation AG at the end of November 2008. Including
Heliad’s earlier sale of 50% of its shareholding in the nano-technology
company to funds of the London-based investor Greenpark Capital Limited in
April 2008, overall, despite the difficult market environment, the company
realised a 1.5x multiple of earnings.
Heliad acquired its investment in ItN for EUR 1.6 million during the period
from April 2004 to February 2005. In 2008, the proceeds of both the earlier
sale of a portion of its shares to Greenpark and this recent sale of the
remaining shares on the stock exchange totalled EUR 2.3 million,
representing a double-digit yield. The company’s disposal of its investment
in ItN is predominately due to Heliad’s decisive strategic focus on
primarily service-oriented companies with sales ranging from
EUR 10 million to EUR 100 million.
Ralf Flore, Heliad’s CEO, is satisfied with the sale: 'Subsequent to our
having significantly expanded the portfolio in the past two years, with
this transaction Heliad reconfirms that, even in difficult times, we can
operate in the market as a seller as well as a buyer. The sale of this
investment also underscores our continuing focus on a portfolio of
established or specialised service providers with sales between EUR 10 and
100 million.'
++ About Heliad
Heliad is a listed investment company that focuses on companies in
predominantly German-speaking countries that are undergoing a strong growth
phase. Heliad invests into established, owner-run business models with
sales of between 10 and 100 million Euro and a focus on service companies
('asset-light focus'). Heliad uses this investment focus and a
buy-and-build strategy to position itself in an attractive niche between
Venture Capital and large Buyouts. With around 4,000 employees, the current
total of 13 companies within Heliad’s portfolio generate combined sales of
more than 650 million Euro. More detailed information on the company is
available at www.heliad.de.
Contact:
Heliad Equity Partners GmbH & Co. KGaA
Thomas Kunder
Chief Financial Officer
Phone: +49 69 71 91 59 65 39
E-Mail: investor-relations@heliad.de
08.12.2008 Financial News transmitted by DGAP
Language: English
Issuer: Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
E-mail: info@heliad.de
Internet: www.heliad.de
ISIN: DE0006047293
WKN: 604729
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
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