Heliad Equity Partners sells its remaining stake in ItN Nanovation

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.

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
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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