ALTAMIR AMBOISE : Apax Partners and Altamir Amboise are going to sell Faceo to VINCI
Paris, 29 April 2010 - The funds managed by Apax Partners SA signed today an exclusive agreement with VINCI to sell the Faceo group.
By joining forces with the world's leading integrated concession-construction group, Faceo will enter a new phase in its development.
Faceo has become in a few years a leading European player in Facility Management. As a global player, the group covers a wide range of activities based around support services for buildings and their occupants (including cleaning, maintenance, security, remote monitoring, document management, reception, property management, etc.).
Faceo has developed an expertise to provide those services on several sites and in several countries, which is critical to meet the needs of large European groups.
Since its acquisition from Cegelec and Thales in 2007, Apax funds have actively supported Faceo's successful growth. The group has completed six acquisitions in different areas of expertise, enabling the group to strengthen its positions in Europe and enlarge its service offering. The group has significantly enriched its portfolio of client through major contract wins, particularly the significant one signed with the American group Delphi for the management of its European sites.
With a presence in about twenty countries in Europe and in the Middle East, Faceo has 2,500 employees today, compared with 1,500 three years ago. Its revenues increased from €349m in 2006 to €430m in 2009, and 2010 should record the benefit from the recently signed contracts.
Monique Cohen, Partner at Apax Partners, said: "We are proud we have been able to back Serge Clemente and his management team and to help them drive the significant growth of the group, both organically and through acquisitions. We are confident that Faceo, with its professionalism and dynamism, will continue on its growth path with the support of VINCI."
In accordance with legal and regulatory requirements, the project will likely be subject to review by employee representative bodies prior to submission to the appropriate competition authorities.
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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