Edison issues re-initiation on Heliad (A7A) 113 0 Kommentare Starting a new chapter

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Heliad Equity Partners and FinLab completed their merger in Q423.
Heliad's largest holdings, flatexDEGIRO, Raisin, and Enpal, have shown positive developments.
Heliad's shares are available at a 48% discount to the last reported NAV.

Edison Investment Research Limited
Edison issues re-initiation on Heliad (A7A): Starting a new chapter

25-Jan-2024 / 12:09 GMT/BST
The issuer is solely responsible for the content of this announcement.

London, UK, 25 January 2024

Edison issues re-initiation on Heliad (A7A): Starting a new chapter

Heliad Equity Partners (HEP) and FinLab completed their merger in Q423. Heliad, the new combined entity, has seen positive developments across its three largest holdings recently. flatexDEGIRO, while still affected by the low trading activity across the market, in Q323 generated its highest quarterly EBITDA since the meme stock hype in 2021. Raisin has shown sustained strong growth in assets under management (AUM) and last year crossed the €50bn mark. Finally, Enpal more than doubled its revenue to €900m in 2023. All three are profitable and the value of Heliad’s stakes in these companies more than covers its current market cap and net liabilities. Heliad recently invested in AI21 Labs, which develops proprietary text-generating AI technology. Heliad’s shares are now available at a 48% discount to the last reported NAV.

The merger created a listed VC and growth investor with a €150m+ portfolio of 28 holdings, most of which provide exposure to potentially disruptive secular themes (see chart above), including its two largest private holdings (both fast-growing and profitable): Raisin, a digital platform for savings and investments, and Enpal, a provider of photovoltaic (PV) leasing solutions. Heliad is now self-managed, with management expecting a net expense ratio below 2%, which will be supported by c €0.5–1.0m annual fee income, mostly earned through the fully owned Patriarch Multi-Manager.

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End of Announcement - EQS News Service

1823199 25-Jan-2024

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The Heliad Equity Partners Stock at the time of publication of the news with a raise of +3,20 % to 4,52EUR on Tradegate stock exchange (16. Oktober 2023, 22:26 Uhr).