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Equity Bottom-Up

Heliad Equity Partners Gmbh / Equity Bottom-Up

<p>Heliad’s H120 results largely reflect the strong share price performance of its main holding, the online broker flatex, which was up 91% in H120. Heliad executed a profitable partial exit from flatex post period end, generating gross cash proceeds of c €21.5m. Meanwhile, management continues to reposition its portfolio, with further reduction of its exposure to listed holdings in 2020 to date.</p>

Heliad’s H120 results largely reflect the strong share price performance of its main holding, the online broker flatex, which was up 91% in H120. Heliad executed a profitable partial exit from flatex post period end, generating gross cash proceeds of c €21.5m. Meanwhile, management continues to reposition its portfolio, with further reduction of its exposure to listed holdings in 2020 to date.

Heliad Equity Partners - Largest portfolio holding delivers