Heliad Equity Partners - Management change amid weak results
Heliad has experienced a c 50% reduction in NAV per share in FY18 and reported a loss per share at €5.72. This was driven by the overall negative market sentiment, but also company-specific challenges, in particular at Sleepz. We understand that the recent changes in the company’s management (with two board members of its largest shareholder FinLab replacing the previous CEO) are a consequence of this poor performance. The company’s shares now trade at a c 29% discount to last reported NAV.Heliad Equity Partners AG. Heliad Equity Partners GmbH & Co KGaA (Heliad) is a Germany-based investment company. It specializes in investments in companies that face special situations, such as restructuring. The Company invests in both listed and unlisted companies in German-speaking countries and focuses on the Internet and technology, e-commerce, life sciences and media and entertainment industries.
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