Paris, 28 May 2018 – Apax Partners, Paris-based leading European private equity firm, has reached an agreement with The Carlyle Group to acquire 100% of the Dutch company Expereo, a global managed internet and cloud access provider, alongside the company's management team who will continue to lead the business.
Expereo is one of the world's largest managed internet network and cloud connectivity solutions providers, with more than 11,500 enterprise and government sites under management across over 190 countries. The company helps global enterprises in their digital transformation and has built long-term relationships with an impressive group of blue-chip clients and business partners. It has a strong track record of performance, reporting revenues of €92m in FY 2017.
With the support of Apax Partners, Expereo wishes to continue and accelerate its growth in the coming years, through enhancement of its product portfolio, complementary acquisitions and an ever higher level of excellence in the quality of the services delivered throughout the world.
The transaction remains subject to legal and regulatory approvals.
Altamir's investment is expected to be in the region of €30m based on the upper limit of its commitment in the Apax France IX fund.
Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with almost €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.
Altamir's investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.
In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax's sectors of specialisation (TMT, Consumer, Healthcare, Services) and in complementary market segments (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
Tel: +33 1 53 65 01 74