Heliad Equity Partners GmbH & Co. KGaA / Miscellaneous
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++ Heliad portfolio continues to perform positively since the first
++ Focus on service sector provides stability during the crisis
++ Two portfolio companies identified as winners that mastered the crisis
Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5/ WKN: A0L 1NN)
has provided an update on corporate development and the performance of
several portfolio companies in its newsletter.
The Heliad portfolio has continued to show stable performance over the last
two months due to its investment focus on special services. As confirmed in
recent comments by Deutsche Bank Research , economic crises like the
current one affect service companies less than industrial companies. This
is because the basic consumption needs of the domestic population generate
a large portion of the sales in the services sector. These are less
dependent on the economy than global investment expenditures, which
generate a large portion of industrial sales and include in particular
investments made by foreign companies.
The highlights of the portfolio are:
assona, a supplier of specialty insurance for mobile and stationary
electronic equipment, continues to develop its distribution channels. Work
is proceeding well with two new distribution partners, EURONICS and
Technikdirekt, which began their partnership with the company in the first
half of 2009. The company also added two other leading distributors in the
information and telecommunications technology sector, UBM and ENO telecom.
In August, assona announced that RINGFOTO, Europe's largest association of
photography dealers, had become one of its partners. The RINGFOTO Group has
close to 1,750 members with more than 2,300 sales offices. This will enable
the customers of the expert photography dealers in the RINGFOTO
association, which includes PHOTO PORST, to purchase insurance coverage
when buying digital cameras, camcorders and other electronic equipment in
Unicorn provides cash and valuables transport and a full range of services
related to cash transport. After increasing its sales in the first half of
2009 by more than 15% over the same period in the previous year, Unicorn
continues to provide positive performance in the third quarter. The full
range of services and high quality offered by Unicorn allowed the company
to attract new customers, and it is currently in intense negotiations with
a number of other potential customers. Unicorn is portrayed as a successful
example of the buy-and-build strategy in the latest issue of the
'Unternehmeredition' magazine on the topic of private equity.
++ RT Reprotechnik
RT Reprotechnik, a Leipzig-based reprographic services company, also
continues along a growth path. In early July, it opened a new branch office
in Stuttgart-Vaihingen and also added outsourcing to its range of services,
offering large organisations the services often provided by very small
in-house copy and printing offices. At the end of May, RT also acquired
Fabidoo (www.fabidoo.de), a supplier of personalisable mini-figures and USB
sticks. In addition, RT Reprotechnik received the Oskar-Patzelt
foundation's renowned 'Small and Medium-sized Company Grand Prize' last
week (Großen Preis des Mittelstandes). The company was awarded the prize
for its innovative services and exemplary commitment to its employees,
customers and the region.
time:matters specialises in emergency logistics and is receiving particular
benefit from this niche position at the present time. Its forecast sales of
EUR 60 million for 2009 are just slightly below the level of the previous
year. New partnerships with the Polish airline company LOT and the
Philippine airline company Cebu Pacific provide broad transport networks
that time:matters can use for its same-day deliveries (same-day services).
As a result, time:matters and another portfolio company, Real Time
Technology, whose sales increased by 15% in the first half of 2009, were
identified as 'winners', who mastered the crisis, in an article in the
latest issue of 'Markt & Mittelstand' .
Based on its solid liquidity position and good deal flow, Heliad expects
it will be able to conclude one or two new investments in the remaining
months of this year.
The complete newsletter is available for download:
++ About Heliad
Heliad is a publicly listed investment company which invests in high-growth
companies in German-speaking countries. Heliad relies in this respect on
established, owner-managed business models with sales of between EUR 10
million and EUR 100 million and a focus on service providers ('asset-light'
With this investment focus and its buy-and-build strategy, Heliad is
positioned in the attractive niche between venture capital and traditional
buyouts. With around 4,900 employees, the 13 companies currently in
Heliad's portfolio generate combined sales of more than EUR 650 million.
Further information about the company can be found at
Heliad Equity Partners GmbH & Co. KGaA
Chief Financial Officer
Phone: +49 69 71 91 59 65 39
17.09.2009 Financial News transmitted by DGAP
Company: Heliad Equity Partners GmbH & Co. KGaA
60322 Frankfurt am Main
Phone: +49 69 71 91 59 65 0
Fax: +49 69 71 91 59 65 11
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
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