Earnings Release • Oct 29, 2009
Earnings Release
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Paris, 29 October 2009
Net Asset Value per share1 came to €10.85 at 30 September 2009, compared with €10.11 at 30 June 2009, up 7.4% over the third quarter and 10.7% since the beginning of the year.
The NAV growth is explained by the increase in the share prices of the listed portfolio companies, notably Altran Technologies, GFI Informatique and Séchilienne-Sidec. Indeed, it is reminded that only the listed companies are revalued at 30 September, while the unlisted companies are revalued twice a year at 30 June and 31 December.
On 30 September 2009, the Commercial Court of Paris approved the safeguard plan of Financière Hélios, which is the reference shareholder of Séchilienne-Sidec. This plan sets out repayment terms for Financière Hélios' banking debt, which amounts to approximately €140m. Interest conditions on the debt remain unchanged, but without reference to any stock market ratio.
At 30 September 2009, IFRS Net Assets totalled €396.3m, of which:
Altamir Amboise is a listed private equity company which was created in 1995, 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 30 years of investing experience. It offers investors access to a diversified portfolio of fast-growing companies across Apax' sectors of specialisation: Tech & Telecom, Retail & Consumer, Media, Healthcare, Business & Financial Services.
Altamir Amboise is listed on Euronext Paris, Compartment C, ticker: LTA, ISIN: FR0000053837. At 31 December 2008, the total number of Altamir Amboise ordinary shares is 36 512 301.
For further information: www.altamir-amboise.fr
1 Net Asset Value (Share of the Limited Partners who hold ordinary shares) net of any tax liabilities
2 Financing of €30m provided by a pool of investors (in exchange for preference shares of the FCPR Ahau 30), to be repaid at the time of future divestments (Press Release of 29 June 2009).
Agathe Heinrich – Marketing Director Tel: +33 1 53 65 01 35 Email: [email protected]
Marie Ployart – Financial Communications Tel: +33 1 53 65 01 33 Email: [email protected]
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