Paris, 23 October 2018 – Amboise SAS1 has resold a fraction of the shares tendered to the Offer on Altamir shares, in accordance with the commitments it made to maintain a free float of at least 35% and promote the liquidity of Altamir shares.
As a reminder, at the close of the Reopened Offer in September 2018, Amboise SAS held, directly and indirectly via Amboise Partners SA2, 25,100,384 ordinary Altamir shares, representing the same number of voting rights, i.e. 68.75%3 of the ordinary shares in circulation and of the voting rights of Altamir.
Following completion of the resale transactions, Amboise SAS now holds, directly and indirectly via Amboise Partners SA, 23,731,172 ordinary Altamir shares, representing the same number of voting rights, i.e. 65%4 of the ordinary shares in circulation and of the voting rights of Altamir.
Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with nearly €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
Claire Peyssard Moses
Tel.: +33 1 53 65 01 74
1100%-held by Maurice Tchenio
299.9%-held by Amboise SAS
3i.e. 68.69% of the share capital, composed of 36,512,301 ordinary shares and 18,582 preferred shares (Class B shares)
4i.e. 64.94% of the share capital, composed of 36,512,301 ordinary shares and 18,582 preferred shares (Class B shares)