Today is the closing day of the agreement between the Funds1 managed by Apax Partners SA and Messrs Alexis Kniazeff and Hubert Martigny, the founding shareholders of Altran Technologies, as it was announced on 17 April 2008.
The agreement was subject to the launching of a capital increase with preferential subscription rights as announced by the Altran Technologies Company. The prospectus established in connection with this 129.5 million euros capital increase received approval on 18 June 2008 from the French securities regulator, the Autorité des Marchés Financiers.
Under this agreement, Messrs Alexis Kniazeff and Hubert Martigny:
sold 6 million shares of the Company, representing 5.1% of the issued capital, to Altrafin Participations, a holding company controlled by the Apax Funds;
will transfer to Altrafin Participations at the opening of the subscription period of the capital increase all the preferential subscription rights attached to their remaining shares;
contributed all the voting rights attached to their remaining shares to a partnership (Société En Participation) that Apax Partners will manage and represent at the General Meetings for an initial period of 6 years.
For the record, the Funds managed by Apax Partners SA have also committed within the framework of the capital increase of Altran Technologies to subscribing, via Altrafin Participations, on a non reducible basis pro rata the preferential subscription rights held by Altrafin Participations, and on a reducible basis for all new shares that will not be subscribed by existing shareholders through the exercise of their preferential subscription rights. As already announced, in accordance with the declaration of intend dated 24th April 2008, Altrafin Participations reserves the right to proceed with acquisitions on the market of Altran Technologies shares and preferential subscription rights, subject to market conditions.
1including Altamir Amboise
About Altamir Amboise
Altamir Amboise is a listed private equity company with around €500 million under management, 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 a SCR (Société de Capital Risque) listed on Euronext Paris, Compartment B, ticker: LTA, ISIN: FR0000053837.
For further information: www.altamir-amboise.fr
Agathe Heinrich – Marketing Director
Tel: +33 1 53 65 01 35
Marie Ployart – Financial Communications
Tel: +33 1 53 65 01 33
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