ALTAMIR : The Apax France VI Fund to distribute its Albioma shares to its investors - Altamir to keep its stake in the Company

information fournie par Actusnews •05/06/2015 à 06:45

Paris, June 5 ^{th, 2015} – The Apax France VI Fund and Altamir currently own, directly and indirectly (through Financière Hélios), 42.5% of Albioma's share capital, a company in which they invested in 2005. Albioma is the last portfolio company of Apax France VI.

Apax Partners SA , management company of Apax France VI and investment advisor to Altamir, announced its intention to distribute over 95% of Apax France VI's direct and indirect Albioma shares to its investors[1]. This distribution, made in compliance with the by-laws of the Fund, is expected to take place in the second half of June 2015. The transaction will allow Apax Partners to dissolve the Fund, raised in 2000, in due time.

Following the transaction, Edgard Misrahi and Franck Hagège will leave Albioma's Board of Directors. Circa 30% of Albioma shares will be owned by over 50 investors of which 45 Institutionals. 56% of these investors are based in Europe and 44% in North America. The free float of the Company will thus increase significantly.

Altamir 's stake (held directly and through Financière Hélios) will remain unchanged, close to 12%. Maurice Tchenio, Chairman and CEO of Altamir's management company, will continue to sit at the Board of Albioma.

Apax Partners and Altamir have supported the Company's growth and international expansion over the last 10 years. During this period, Albioma has doubled its production capabilities, revenue and EBITDA. In 2014, the Company successfully entered the Brazilian market.

The outlook for Albioma is very positive. Under Jacques Pétry's leadership as Chairman and CEO, Albioma has implemented a growth strategy relying on a strong management team and an ambitious ten-year 1 billion euro investment plan, more than 50% of which is already secured.

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About Apax Partners

Apax Partners is a leading private equity firm in French-speaking European countries. With more than 40 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €2.5 billion.

These funds invest in fast-growing middle-market companies across four sectors of specialisation. Current portfolio companies include:

- TMT: Altran, GFI Informatique, Infopro Digital, and Vocalcom

- Retail-Consumer: ALAIN AFFLELOU, Europe Snacks, Groupe Royer, and Thom Europe (Histoire d'Or, Marc Orian and TrésOr)

- Healthcare: Amplitude, Capio, and Unilabs

- Business and Financial Services: Albioma, Groupe INSEEC, SK FireSafety and Texa

For more information, please visit www.apax.fr or our social networks.

About Altamir

Altamir (Euronext Paris-B, ticker: LTA) is a listed private equity company with more than €550m in assets under management. The company was created twenty years ago as a means for any investor to access private equity, one of the best performing asset classes over the long term.

Altamir invests via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms in their respective markets.

Altamir provides access to a diversified portfolio of fast-growing companies across Apax's sectors of specialisation: TMT, Retail & Consumer, Healthcare, Business & Financial Services; mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets.

Altamir derives certain tax benefits from its status as an SCR ( “société de capital risque” ). As such, Altamir is exempt from corporate tax and the company's investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

Contacts

Apax Partners

Coralie Cornet

Communications Director

Tel. : + 33 1 53 65 01 35

Email : coralie.cornet@apax.fr

Altamir

Agathe Heinrich

Head of Investor Relations and Communications

Tel: +33 1 53 65 01 74

E-mail: agathe.heinrich@altamir.fr

[1] Apax Partners has requested a waiver from the Autorité des Marchés Financiers (the French financial markets regulator) not to file a mandatory tender offer further to the Fund holding over 30% of Albioma's capital and voting rights prior to the planned distribution. The outcome of the transaction described in the present press release is subject to the waiver.