Heliad Equity Partners: 1:1 exchange offer by Heliad to TIG Themis Industries Group accepted with a clear majority

Heliad Equity Partners GmbH & Co. KGaA / Mergers & Acquisitions

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++ 1:1 exchange offer by Heliad Equity Partners to TIG Themis Industries    Group accepted with a clear majority
++ Heliad acquires 72.27% of TIG in first stage
++ Christoph D. Kauter appointed as Managing Director and Deputy CEO
In an ad-hoc announcement dated 1 December 2009, Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5/ WKN: A0L1NN, 'Heliad') announced its intention of merging with TIG Themis Industries Group GmbH & Co. KGaA (ISIN: DE000A0XYL04/ WKN: A0XYL0, 'TIG') and that it would resolve in a first stage to issue up to 4,000,000 new shares to be offered to TIG's institutional investors for exchange at a ratio of 1:1 in the context of a private placement.

By the expiry of the subscription period today, a total of 3,852,699 shares had been placed by way of exchange with TIG shares. In this first stage, Heliad has thus acquired 72.27% of TIG's share capital. The capital increase has been submitted today for entry in the Commercial Register.
In a second stage, a voluntary public offer will be distributed to all other TIG shareholders, offering to take over their shares in TIG in return for shares in Heliad. As the exchange ratio here will also be 1:1, all TIG's shareholders will be treated equally. To this end, Heliad's share capital is to be increased once again to a total of up to 12,332,031 shares. This second stage is expected to take place at the end of January 2010 with a two-week acceptance period. A resolution for the merger of TIG into Heliad is then planned for the Annual General Meetings of both companies in 2010.

In connection with the takeover of a majority stake in TIG, Christoph D. Kauter, previously Managing Director and CEO of TIG Themis Industries Group, will be appointed as a further Managing Director and Deputy CEO of Heliad.

The completion of the transaction will give rise to one of Germany's largest publicly listed investment companies, with combined total assets of around EUR 150 million, share-holders' equity of EUR 100 million and liquid funds of around EUR 50 million at the Group. The new Heliad will remain true to its successful investment strategy, focusing on medium-sized companies in German-speaking European countries.

++ 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' focus). Further information about the company can be found at www.heliad.com.

Heliad Equity Partners GmbH & Co. KGaA
Thomas Kunder
Chief Financial Officer
Phone: +49 69 71 91 59 65 39
E-Mail: investor-relations@heliad.com

18.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
Company: Heliad Equity Partners GmbH & Co. KGaA               Gr├╝neburgweg 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.com
Internet:     www.heliad.com
ISIN:         DE000A0L1NN5
WKN:          A0L1NN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr               in Berlin, M├╝nchen, Stuttgart
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