ALTAMIR & CIE : Success of the EUR 120 million rights issue

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The rights issue launched by Altamir Amboise on June 21st has been successfully executed. The operation came to a gross total amount of approximately ¤120 million, with 10.7 million new shares created. Total demand represented ¤142 million leading to an over-subscription rate of 118%.

The partners of Apax Partners SA, in line with their commitments, subscribed on an irreducible basis for 733,686 new shares on the basis of their shareholding at the launch of the transaction. They have also strengthened their interest in Altamir Amboise's capital through the acquisition of shares and preferential subscription rights on the market. Following this operation, the partners of Apax Partners SA now have a 12.0% stake in Altamir Amboise.

The new shares will be listed, settled and delivered on July 10th, 2007.

As of this date, Altamir Amboise's share capital will comprise 29,638,901 ordinary shares.

These new shares will be listed under the same quotation line on the Euronext Paris Eurolist market as the existing Altamir Amboise shares (ISIN: FR0000053837), with holders entitled to future dividend payments.

Thanks to this capital increase, Altamir Amboise will continue co-investing on a significant basis with the funds managed by Apax Partners SA, benefiting from the current highly dynamic development of this major private equity player. Altamir Amboise aims to invest around ¤150 million in equity over 2007, compared with the ¤122 million invested by Altamir and Amboise Investissement in 2006.

As Maurice Tchenio, the Chairman of Altamir Amboise's Management Company, explains:

"We are delighted with the support that our shareholders and investors have shown during this capital increase, and we would like to thank them for their confidence in us.
The success of this capital increase illustrates the growing interest among more and more investors in the private equity asset class, as well as the relevance of Altamir Amboise's positioning as a pure player investing on the buoyant midcap market.
Following the merger of our two listed vehicles and the capital increase, Altamir Amboise has a total proforma Net Asset Value of around ¤ 430 million and it now has the means needed to fully capitalise on any new investment opportunities alongside the Apax funds.
We are now well positioned to meet our one billion euro target".


About Altamir Amboise

Altamir Amboise is a listed company that co-invests with the private equity funds managed by Apax Partners SA.

Altamir Amboise leverages Apax Partners' know how and investment strategy, which consists in investing in fast-growing companies across its sectors of specialization: Tech & Telecom, Retail & Consumer, Media, Healthcare, Business & Financial Services.

Altamir Amboise is a SCR (Société de Capital Risque) listed on the Euronext Paris Eurolist market, Compartment B.

After the capital increase, the equity of Altamir Amboise is composed of:

  • 29,638,901 ordinary shares (ISIN code: FR0000053837- ticker: LTA)
  • 18,582 B shares, which are non listed and represent the rights of the Apax' Partners for carried interest
  • 539,041 March 2008 warrants. These warrants have been continuously traded since January 2007 (ISIN code: FR0010428755 - ticker: LTBS - Trading name : ALTAMIR AMBOISE BS0308)
  • 19,610,400 September 2008 warrants. These warrants have been continuously traded since June 2007. (ISIN code: FR0010307611 - ticker : LTBS9 - Trading name : ALTAMIR AMBOISE BS0908)

For further information: www.altamir-amboise.fr

Press Contact:

Apax Partners SA
Agathe Heinrich - Marketing Director
Tél: +33 1 53 65 01 35
E-mail: agathe.heinrich@apax.fr



A prospectus that has received from the Autorité des marches financiers visa No.07-178 dated June 11th, 2007 is available free of charge from the Altamir Amboise corporate headquarters and from ABN AMRO Rothchild. The prospectus may also be inspected on the websites of Altamir Amboise (www.altamir-amboise.fr) and the Autorité des marchés financiers (www.amf-france.org). This prospectus consists of (a) the registration document (document de reference) filed with the AMF on April 27th, 2007 under no. D.07-0408, (b) the update (actualisation) to the registration document filed with the AMF on May 11th, 2007 under no. D.07-0408-A0I, (c) the update to the registration document filed with the AMF on June 11th, 2007 under no. D.07-0408-A02, (d) a merger document (document de fusion) registered with the AMF on  May 7th, 2007 under no. E.07-055, (d) a securities note (note d'opération) and (e) the summary of the prospectus included in the securities note

We draw your attention to the risk factors set out on the prospectus referred to above.

Disclaimer

This document is not for distribution, directly or indirectly, in or into the United States of America. It is not an offer of securities for sale in or into the United States of America or any other jurisdiction where such offer may be restricted.

The securities referred to in this document may not be offered or sold in the United States of America (as such term is defined in Regulation S under the Securities Act of 1933, as amended) unless they are registered or exempt from registration under the Securities Act of 1933, as amended. Altamir Amboise does not intend to register any portion of the securities referred to in this document in the United States or to conduct a public offering of securities in the United States of America.

The distribution of this document (which term shall include any form of communication) in the United Kingdom is restricted pursuant to section 21 (restrictions on financial promotion) of the Financial Services and Markets Act 2000 ("FMSA"). In relation to the United Kingdom, this document is only being distributed to, and is directed only at, (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the FSMA (Financial Promotion Order) 2005, as amended (the "Order"), (ii) persons falling within Article 49(2)(a) to (d) of the Order and (iii) persons to whom it may otherwise lawfully be distributed (all such persons together with Qualified Investors (as defined in the Prospectus Directive) being referred to as "Relevant Persons"). This document must not be acted on or relied on in the United Kingdom by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only in the United Kingdom to Relevant Persons, and will be engaged in only with such persons. This communication does not constitute an offer of securities to the public in the United Kingdom pursuant to an exemption contained in the FSMA in connection with offers to a restricted category of Relevant Persons.

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