DGAP-News: Heliad Equity Partners GmbH & Co. KGaA / Key word(s):
Disposal/Change of Personnel
Heliad Equity Partners: Exit of the investment BCG Baden-Baden
Cosmetics Group AG ++ David Zimmer is appointed to the Supervisory
Board
06.06.2011 / 12:50
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With signing date 3 June 2011, Heliad Equity Partners GmbH & Co. KGaA
('Heliad') sold its 40% stake in the cosmetics manufacturer BCG Baden-Baden
Cosmetics Group AG. The investment was sold at the original cost price, but
in 2011 an accounting profit of 20% could be achieved on the amortized
cost, as the investment had been written off slightly at year-end 2010.
Heliad's liquidity will increase through the sale at an amount of EUR 1.2
million. Moreover, an earn-out structure with the purchaser was agreed, so
that Heliad continues to participate in the future potential of the
company.
The investment was a portfolio company of TIG Themis Industries Group GmbH
& Co. KGaA that was focused on restructuring and merged with Heliad in
2010. Restructuring activities no longer belong to the core activities of
Heliad. By selling this investment, Heliad has further boosted its
liquidity for new acquisitions, while also sharpening the focus of its
portfolio.
In addition, we are informed that with effect from 31 May 2011 Mr. David
Zimmer, CEO of Altira AG, was appointed by the court to the Supervisory
Board of Heliad. Thus, following the change of Andreas Lange to the
management of Heliad, beside Prof. Hans-Olaf Henkel and Mr. Volker Rofalski
the Board consists now again of three members.
++ About Heliad
Heliad is an investment company that invests in high-growth companies
mainly in German-speaking countries. In this, Heliad focuses on markets
with long-term growth potential. Characteristic of Heliad's investment
strategy is the way it closely accompanies entrepreneurially-minded
portfolio companies by providing active support in terms of their strategy
and operations. Further information about Heliad can be found at
www.heliad.com.
Contact:
Heliad Equity Partners GmbH & Co. KGaA
Melanie Büsing
Finance Director
Phone: +49 69 71 91 59 65 0
E-mail: investor-relations@heliad.com
End of Corporate News
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Language: English
Company: Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
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, München, Stuttgart
End of News DGAP News-Service
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127579 06.06.2011
DGAP-News: Heliad Equity Partners: Exit of the investment BCG Baden-Baden Cosmetics Group AG ++ David Zimmer is appointed to the Supervisory Board
| Source: EQS Group AG