FinLab AG — M&A Activity 2008

Jul 1, 2008

News Details

Corporate | 1 July 2008 15:21

Altira AG: Acquisition of 40% of Swiss private equity fund of funds boutique Clearsight Investments AG

Altira AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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++ Acquisition of 40% of the Swiss private equity fund of funds boutique
Clearsight Investments AG

++ Further enhancement of core competency in the investment sector
'restructuring and recapitalisation'

++ Fundraising to start in Q4 of 2008 with a target fund volume of
EUR 80 million

Through the acquisition of 40% of the shares of newly-formed Zurich-based
Clearsight Investments AG ('Clearsight'), Altira Group continues to extend
its core competency in the business area of private markets/business
restructuring and recapitalisation. Clearsight’s main focus is advisory
services to 'fund of funds' investing in private equity restructuring
funds.

Against a background of global pressure and changes in legislative
operating conditions in various European countries the number of
restructuring transactions has clearly been on the increase for some time.
As these transactions take place under exceptional circumstances, they show
little correlation to traditional equity markets. From a historical
perspective this sector has yielded high returns and this, along with the
general caution surrounding classic, and especially large buyout funds in
the current credit crisis, has served to increase investor interest in this
special niche area.

Clearsight’s distinguishing feature lies in its strict focus on
restructuring businesses in Europe and its associated intimate industry
knowledge and broad network of contacts. Using a comprehensive screening
and valuation system Clearsight is able to check numerous established, as
well as new teams, who can point to years of investment experience and
sound performance in restructuring situations.

Clearsight’s 'fund of funds' products will be targeted primarily at
institutional investors and family offices in Europe and the USA, who will
in turn gain access to a lucrative investment sector. The first fund is
currently under formation and will begin fundraising in Q4 of this year
with a target volume of EUR 80 million.

++ About Altira (www.altira-group.de)

The Altira Group is an owner-managed company that is simultaneously an
exchange-listed asset management company. It manages money for
institutional investors in the areas of private markets, public markets and
real estate.

The investment approaches focus on inefficient markets. Inefficient markets
are newly forming markets and regions of the future with above-average
growth opportunities as well as established markets undergoing major
structural changes. Due to their specialised knowledge and years-long
experience, the Altira teams are able to generate a sustainable
above-average risk/yield profile ('high alpha strategies') in these markets
by using an active investment approach.

The implementation into defined investment products is then handled by the
focused, independent Altira subsidiaries. Whereas the investment decisions
are independently taken in the investment teams, all of the boutique
companies have centralised access to a common, institutional
infrastructure.

The Altira Group is in general a founding majority shareholder of these
boutique subsidiaries, or it acquires shares in existing asset management
companies who want to tap into the Altira Group platform.

Contact:
Altira Aktiengesellschaft
Juan Rodriguez
Head of Investor Relations
Tel: +49 69 719 12 80 145
E-Mail: juan.rodriguez@altira-group.de

01.07.2008 Financial News transmitted by DGAP

Language: English
Issuer: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 12 80 - 00
Fax: +49 (0)69 719 12 80 - 011
E-mail: info@altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt

End of News DGAP News-Service

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