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.
CfC Industriebeteiligungen, a portfolio company of Heliad Equity Partners,
announced its successful debut at the Open Market of the Frankfurt Stock
Exchange.
As an industrial holding company, CfC acquires majority ownership of
companies that are in a restructuring phase and which will see significant
growth on the basis of a tough new leadership as well as operational and
strategic improvements. The deal flow of CfC typically includes
transactions with an equity investment of up to EUR 5 million, though
companies can occasionally be acquired without any equity investment at
all. The minimisation of risk plays as important a role as long-term growth
in the structuring of transactions: In principle, the company finances
situations in which at least part of the money invested can be removed from
risk a comparatively short time after the investment is made.
With its 70% stake in the SME Berndes, CfC has already concluded its first
successful transaction. Berndes develops, produces and distributes cookware
and has about 150 employees in Asia, Europe and North America. The company,
which has annual sales of around EUR 40 million, became profitable again
this year and is showing strong growth with a significantly firmer equity
capital basis after numerous restructuring measures were successfully
implemented.
Significant hidden reserves have been revealed at Heliad as a result of the
IPO. Based on the current market price, the unrealised profit is more than
EUR 5 million. This has yet to be fully reflected in Heliad’s Net Asset
Value (NAV). On the basis of current share price at the next valuation
date, this would result in an increase of around 5 cents in the NAV. Due to
the major appreciation potential in the 'Restructuring and Turnaround
Investments' division, CfC is expected to continue to occupy a core
position in the Heliad portfolio well into the future following the IPO.
As a result of the successful IPO of CfC, Heliad looks set to comfortably
exceed the significantly increased forecasts for earnings after taxes (EUR
7.2 million) and earnings per share (EUR 0.10) for 2006 issued recently in
September. Management is also optimistic about developments in 2007. The
deal pipeline is well stocked both in respect of new investments and
potential exits, meaning that – assuming a continued stable commercial
environment – management expects to generate a further significant increase
in long-term earnings power, and at least match or even surpass the good
result from the current year.
+++ About Heliad
Heliad Equity Partners (WKN: 604 729) is a private equity firm that
concentrates mainly on companies in the German-speaking countries.
Investments are made in companies that are in a strong expansion period or
a 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.
Contact:
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 14.12.2006
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
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service