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About us

Heliad – we invest in the best entrepreneurs

We are a listed investment company focusing on investments into innovative, young and high-growth  listed and unlisted companies in German-speaking countries. Our “evergreen” structure allows us to act independently of usual fund lifecycles and to support entrepreneurs in a flexible, individual and persevering way.

This, combined with our proactive, hands-on approach to investments allows us to achieve a consistent outperformance for our shareholders. Since 2012, Heliad Equity Partners (ISIN: DE000A0L1NN5) achieved an average annual NAV performance of over 25%.

In addition to continuously increasing the price of our shares, we also intend to let our shareholders participate in our company’s success by means of a sustainable dividend policy. For the financial year 2015 we payed a dividend of EUR 0,20 per share, after EUR 0,15 per share in 2014.

With Heliad shares, both private and institutional investors have a stock with daily liquidity that allows them to benefit from the opportunities offered by a diversified portfolio of the most interesting disruptive growth companies in German-speaking countries.

Investment Strategy

Investment Focus

DACH region

3 Sectors

Disruptive Investments

Investment Approach

Strong operative Management Team

Active Value Creation

High flexibility

Focus on DACH region

We focus on our home market, the DACH region, by drawing on the excellent network and exceptional deal flow available to us there. Moreover, Germany’s economy is by far the strongest and healthiest in Europe, and, in our opinion, will continue to remain so due to its numerous structural advantages: a vigorous SME landscape, (excessively) low interest rates given the economic upswing as well as the (excessively) low valuation of the euro, which encourages exports.

The backbone of the German economy is made up not just of the well-known blue-chip companies traded on the DAX, but it is above all built on the country’s many listed and unlisted “second-tier” small- and medium-sized enterprises. And some of these SMEs have long since ceased to be the traditional family-owned-and-operated businesses of days gone by. Germany and the DACH region are currently undergoing a true start-up boom, and many technology companies are not only able to hold their own against the competition from Silicon Valley and London – they are actually able to outperform them.

Focus on 3 Sectors

Over the years we have developed an explicit focus on the following three sectors:

1.

Internet
&
Technology

2.

e-commerce

3.

Life
Style

Heliad invests in both listed and unlisted companies in these sectors.

 

Disruptive Investments

Our goal is to achieve long-term, above-average returns for our shareholders, which we have clearly succeeded in doing every single year since we introduced our new investment strategy in October 2012.

In our opinion, this is only possible if one is willing to strike out in new directions and go the extra mile. Globally, and particularly in Germany, an excessive amount of capital is available primarily for “standard deals” (buyouts, venture capital, etc.), which causes valuations to rise and, as a result, returns to fall.

By contrast, Heliad focuses on "DISRUPTIVE INVESTMENTS". That are companies which have the opportunity to transform or even dominate whole sectors by a revolutionary technology or its innovative usage.

Disruptive business ideas lacking the required entrepreneurial „kick“:
These are companies with ideas and business models innovative enough to revolutionize a sector, but whose management teams – perhaps because it’s their first time creating a company – need an investor/partner that can bring its network and experience to bear so that the company can quickly and fully reach its market potential. 

Buy and Build, Role Up/Industry Consolidation & Platform Models:
Many companies do not make sense as stand-alone investments, or are simply too small for institutional investors. However, by bundling them into a larger structure that is able to generate synergies, they can become very attractive investments.

Our principle focus is on providing equity, but, depending on the situation, we can also offer loans or mezzanine financing.

Strong operative Management Team as guarantee for success

We are entrepreneurs ourselves and as such firmly believe that outstanding, entrepreneurial management is the key to success. A company’s management is therefore by far the most important criterion when we are deciding whether or not to make an investment. The companies we invest in either already have an excellent team of founders and/or managers, or we are able – perhaps in the course of a restructuring – to replace the existing management team with managers we’re familiar with.    

Subsequent to our investment, we work hand-in-hand with management and apply our extensive network and experience to quickly take the company to new heights. As part of standard corporate governance, we also actively exercise our shareholder rights as advisory council and/or supervisory board members.    

Active Value Creation

It is of high importance to invest under particularly favorable terms. Equally important, however, is to ask what needs to be done to resolve the problems outlined above so as to significantly increase the value of the company as quickly as possible. What is the catalyst that will allow the investment to take off? And will it then be in a position so that it can be sold at a profit?

On the one side the old adage applies: “The profit lies in the purchase.” But profits can only be reaped at the time of sale. So thinking already at the time of investment about the divestment strategy makes a lot of sense. And in this the interests of Heliad shareholders and Heliad management are in perfect alignment, because the 20% profit participation for Heliad management only applies to actual, realized profits.

Since catalysts are as varied as the investments themselves, the following list contains only a few examples. The critical factor, however, is not to wait until the situation improves but rather to proactively take the steps necessary to improve the situation:

  • Enlargement or replacement of the management team
  • IPO – a change in perspective: 
    We invest in both listed and unlisted companies but are above all interested in arbitrage effects that can be realized by taking private companies public.
  • Achieving "critical mass":
    Many companies only become attractive to follow-on investors once they have achieved a critical mass in terms of revenues and profits. An active growth strategy, perhaps combined with an add-on acquisition strategy, offers a company wholly new prospects, thereby opening it up to entirely new strata of investors, which in turn increases its values.
  • Strategic relevance:
    This applies to companies that are clearly future candidates for strategic buyers but which still need 2-4 years to be "ripe for purchase".
  • Or better yet:
    a combination of several different catalysts

Since we work constructively with all the stakeholders to implement the changes needed, our strategy can be succinctly described as “friendly activism.”

Stock market listing provides high flexibility

Heliad’s greatest advantage is that it is structured as a so-called “evergreen” vehicle, which means that, as opposed to a mutual fund or hedge fund, it is not subject to possible outflows but rather has permanent equity. The fact that Heliad is listed provides shareholders with liquidity since they can trade its shares daily.

This allows Heliad to act independently of term financing and make both investment and disinvestment decisions on a case-by-case basis, which provides for a high degree of flexibility.

Management

Experienced team with excellent track record

The Heliad management team has many years of experience in the investment business, and also possesses complementary skills – experience in private equity, legal expertise as well as a background in finance and controlling.

THOMAS HANKE
MANAGING DIRECTOR
INVESTMENTS
THEO WOIK
INVESTMENTS
GUNTER GREINER
INVESTMENTS
STEFAN SCHÜTZE
GROUP LEGAL
JUAN RODRIGUEZ
GROUP FINANCE & CONTROLLING
SÖREN PLOSCHKE
GROUP REPORTING & CONTROLLING

Investor Relations

The Shareholder's Meeting 2017 of Heliad Equity Partners takes place on June 22, 2016 at Hotel Novotel Frankfurt City, Lise-Meitner-Straße 2, 60486 Frankfurt/Main in Germany.

Votings of Annual Shareholders' Meeting on 22.06.2017 (German)
Notice of Annual Shareholders' Meeting on 22.06.2017
Annual Report as of 31.12.2016

 

 

The Shareholder's Meeting 2016 of Heliad Equity Partners took place on July 12, 2016 at MesseTurm, Friedrich-Ebert-Anlage 49, 60308 Frankfurt/Main in Germany.

Votings of Annual Shareholders' Meeting on 12.07.2016 (German)
Notice of Annual Shareholders' Meeting on 12.07.2016
Annual Report as of 31.12.2015

 

 

 

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Die ordentliche Hauptversammlung 2015 der Heliad Equity Partners fand am 14. Juli 2015 im MesseTurm, Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main statt.

Abstimmungsergebnisse der ordentlichen Hauptversammlung am 14.07.2015
Einladung zur ordentlichen Hauptversammlung am 14.07.2015
Geschäftsbericht zum 31.12.2014

 

 

 

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Die ordentliche Hauptversammlung 2014 der Heliad Equity Partners fand am 08. Juli 2014 im MesseTurm, Friedrich-Ebert-Anlage 49, 60308 Frankfurt am Main statt.

Abstimmungsergebnisse der ordentlichen Hauptversammlung am 08.07.2014
Einladung zur ordentlichen Hauptversammlung 2014
Jahresfinanzbericht (IFRS) zum 31.12.2013
Jahresabschluss (HGB) zum 31.12.2013
Annual Financial Report as of December 31, 2017
Interim Financial Report as of June 30, 2017

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Annual Financial Report as of December 31, 2015
Interim Financial Report as of June 30, 2015 (German)

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Jahresfinanzbericht zum 31.12.2014 (PDF)
Halbjahresfinanzbericht zum 30.06.2014 (PDF)

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Jahresfinanzbericht zum 31.12.2013 (PDF)

Jahresabschluss 2013 nach HGB
Halbjahresfinanzbericht 2013 (PDF)

From 2016 on, Heliad is fully reporting in German and English. For the previous years, reporting and news are available in German only.

Jahresfinanzbericht zum 31.12.2012 (PDF)
Halbjahresfinanzbericht  zum 30.06.2012 (PDF)
28.04.2017  NAV as of December 31th, 2016
28.04.2017  Annual Report as of December 31th, 2016
08.-10.05.2017  8. DVFA Spring Conference
22.06.2017  Annual Shareholders´Meeting 2017
28.04.2017  NAV as of March 31th, 2017
29.09.2017  NAV as of June 30th, 2017
29.09.2017  Interim Report as of June 30, 2017
27.-29.11.2017  The German Equity Forum in Frankfurt
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Chart1 Chart2 Char3 Chart4 Chart5 Chart6 Chart7 Chart8
WKN AOL 1NN
ISIN DE000A0L1NN5
Ticker Symbol HPBK
Sector DAX Sector All Financial Services (Performance)
Transparency Level Scale
Market Segment  Open Market (Freiverkehr)
Number of Shares outstanding  9.872.941,00 EUR
Designated Sponsor  Hauck & Aufhäuser Privatbankiers KGaA
Deutsche Börse Listing Partner  Dero Bank AG (vormals: VEM Aktienbank AG)

Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Germany

Phone +49 69 71915965-0
Fax +49 69 7191280-999
info@heliad.com