Altamir Amboise sells half of its position
Paris, 12 April 2010 - ICMI, a company controlled by Jean-Michel Aulas, and Apax Partners SA, acting on behalf of the Apax Funds and Altamir Amboise (« Apax »), today announce that ICMI will acquire 50% of Apax's stake in Cegid Group, namely 498,466 securities representing 5.40% of the Company's share capital.
Apax has supported the Company's growth since 2004, when Cegid merged with Ccmx, an Apax-majority owned company since 1999. At 31 March 2010, Apax owned 10.78% of Cegid's share capital and 11.92% of its voting rights at shareholders' meetings. Post the sale of half of its holding in Cegid Group, Apax will have a 5.38% ownership and 6% of the voting rights at shareholders' meetings.
The transaction will take place today based on share price of ¤21.15. ICMI thus reinforces its ownership in order to continue to support the development of Cegid Group. ICMI will increase its ownership in Cegid Group from 4.60% to 10% and its voting rights at shareholders' meetings from 8.83% to 14.12%. As part of the transaction, ICMI will benefit from a pre-emption right for a period of up to 18 months from the date of the transaction on the remaining shares held by Apax provided that certain conditions regarding Cegid Group's share price are fully met.
ICMI is a holding company owned by Mr. Jean-Michel Aulas, whose two main investments are Olympique Lyonnais Groupe and Cegid Group.
About Altamir Amboise
Altamir Amboise is a listed private equity company, targeting NAV per share growth in line with the top-performing private equity players.
Altamir Amboise co-invests with the funds managed by Apax Partners SA, a leading private equity firm with over thirty years of investing experience.
Altamir Amboise offers investors access to a diversified portfolio of fast-growing companies across Apax's sectors of specialisation: Technology, Telecom, Retail & Consumer, Media, Healthcare, Business and Financial Services.
Altamir Amboise is listed on Euronext Paris, Compartment B, ticker: LTA, ISIN code: FR0000053837. It is listed in the CAC Small 90 and SBF 250 indices. The total number of Altamir Amboise ordinary shares in circulation at 31 December 2009 was 36,512,301.
For further information: www.altamir-amboise.fr
Agathe Heinrich - Marketing Director
Tel.: +33 1 53 65 01 35
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