Heliad Equity Partners acquires overall stake of 15 % in Varengold Wertpapierhandelsbank AG

(PresseBox) ( Frankfurt/Main, )
Heliad Equity Partners GmbH & Co. KGaA, Frankfurt am Main (ISIN: DE000A0L1NN5), has received approval from the Federal Financial Supervisory Authority (BaFin) to acquire a total stake of 15 % in Varengold Wertpapierhandelsbank AG, a company listed in the Entry Standard (ISIN:DE0005479307) ('Varengold'). All conditions precedent governing the transaction that was initiated last year, have therefore now been met.

Founded by its current management team in 1995, Varengold is a pioneer in the asset management field of managed futures in Germany and has in recent years built up a successful niche position as a CFD/Forex broker and service provider. Today, the company can point to a long track record of growth and has already demonstrated its highly scalable business model and resultant substantial earnings potential in individual financial years. Heliad sees the company's future in particular in its newly incepted public funds, innovative investment platform and CFD/Forex services. With its network and capital, Heliad will be accompanying Varengold's expansion in its two business fields.
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