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Success of Amboise SAS's tender offer on the shares of Altamir

Paris, 13 September 2018 – Amboise SAS[1] is pleased to announce that its cash tender offer on the shares of Altamir has been successful. This follows the definitive announcement by the AMF of the results of the Reopened Offer.

As of the close of the Reopened Offer, Amboise SAS held, directly and indirectly via Amboise Partners SA[2], 25,100,384 ordinary Altamir shares[3], representing the same number of voting rights, i.e. 68.75%[4] of the ordinary shares in circulation and of the voting rights of Altamir.

As previously indicated, Amboise's objective is to foster the liquidity of the shares by holding, either directly or indirectly, no more than 65% of the shares and voting rights of Altamir. In order to guarantee the increase of the free float, Amboise will use its best efforts, depending on market conditions, to resell the proportion of the ordinary shares representing more than 65% within six months of the settlement date of the Reopened Offer.

The settlement of the Reopened Offer will take place starting on 20 September 2018.

 "I would like to thank all of Altamir's shareholders for the trust they have placed in the company. This includes those who have supported Altamir's development in recent years and wished to take advantage of this liquidity window, as well as those who have decided to support the company's ambitious long-term growth and value creation plan. Under this plan, Altamir is to maintain its principal strategic objectives while modifying its investment policy so as to take into account the broader product offering of Apax Partners SAS and Apax Partners LLP and to seize investment opportunities in promising markets such as Asia or in market segments whose investment horizon exceeds the customary duration (7–10 years) of private equity funds," said Maurice Tchenio, Chairman of Amboise SAS.

 

Contact

Agathe Heinrich

Tél. : +33 1 53 65 01 74

E-mail : investors@altamir.fr

 


[1] 100%-held by Maurice Tchenio

[2] 99.9%-held by Amboise SAS

[3] Includes 1,358,467 Altamir shares acquired and financed by Maurice Tchenio during the Offer

[4] i.e. 68.71% of the share capital, which is composed of 36,512,301 ordinary shares and 18,582 preferred shares (Class B shares)



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