Heliad Equity Partners KGAA (DE:HPBGn) is a private equity investment company with a Germany-focused portfolio comprising listed and unlisted investments across four sectors: internet & tech, e-commerce, life sciences and media & entertainment. NAV returns of over 20% have been achieved in each of the last three financial years, driven by largest portfolio holding FinTech Group, although 2016 performance has been weaker, with listed holdings affected by market volatility. Management sees positive developments at portfolio companies supporting its aim of growing NAV by over 25% pa and also targets a narrowing of the discount through greater transparency.
Strengthened investment team
April 2016 saw managing director Stefan Feulner depart Heliad, with Thomas Hanke returning as CEO having spent a year at portfolio company FinTech Group. Gunter Greiner also joined the investment team, bringing over 15 years’ experience in technology, growth and restructuring investments, alongside Hanke and Theo Woik, who each have more than 10 years’ private equity experience.
Concentrated tech growth and venture portfolio
While still dominated by its €56.6m holding in FinTech Group, Heliad is diversifying its portfolio, maintaining its focus on companies with disruptive business models or structural issues. Four new investments have been made in 2016: healthcare data exchange software provider Tiani Spirit, personal life coaching platform my better life, emergency calls solutions provider Libify and Switzerland-based digital self-service platform developer MUUME Group, expanding the portfolio to 12 holdings.
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