M&A Activity • Dec 11, 2018
M&A Activity
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Paris, 11 December 2018 – Altamir has sold its remaining stake in Albioma to Impala, a diversified group with more than 6,000 employees operating in energy, manufacturing, brands and asset management.
Altamir's investment in Albioma (ca. 5.5% of the share capital), which was held via Altamir's subsidiary Financière Hélios, was sold for €31.7m.
Following this transaction, Altamir no longer holds any Albioma shares.
"I am very pleased that Jacques Veyrat has become a significant shareholder of Albioma, via the Impala group. His in-depth knowledge of the renewable energy sector at the international level should pave the way for accelerated growth at Albioma," said Maurice Tchenio, Chairman of Altamir Gérance.
Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with an investment portfolio of around €900m. 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 or advised by Apax Partners France 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 Continental 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
Contact Claire Peyssard-Moses Tel.: +33 (0)1 53 65 01 74 E-mail: [email protected]
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