Both the pace and the volume of investments carried out by Altamir and Amboise were high over 2006, with €56m invested and committed by Altamir and €66m by Amboise, each one of these companies using up a significant percentage oftheir financial resources.
As a result, as at 31 December 2006, Altamir had around €24m in cash assets available, with a further €18m of commitments, while Amboise had around €30m in cash assets, with €27m of commitments.
For reference, the co-investment rates for Altamir and Amboise in any investments made by Apax Partners France currently represent 25% for each of the two companies.
For 2007, this highly dynamic investment pace should continue, and Apax Partners currently has a large number of potential investment projects under review while market environment remains highly favourable for private equity operations.
Within this context, Altamir and Amboise have decided to mandate ABN AMRO Rothschild to review the different options available with a view to maintaining their current co-investment levels with the funds managed by Apax Partners, as the funds to be raised by the exercise of existing warrants (bons de souscription d'actions - BSA) could be insufficient.
These options include the possible merger of the two vehicles, the principle of which was announced last year at the time of Amboise's initial public offering. Such a merger would be followed by a capital increase.
About Altamir and Amboise Investissement
Altamir and Amboise Investissement are two listed companies which were created by Apax Partners respectively in December 1995 and at the end of March 2006. Both are designed to co-invest and disinvest with the private equity investment funds managed by Apax Partners France.
Altamir and Amboise Investissement leverage Apax Partners' know how and investment strategy, which involves backing fast-growing companies, at all stages of investment, across its global sectors of Retail & Consumer, IT & Telecoms, Media, Healthcare, and Business & Financial Services.
Altamir is a SCR (Société de Capital Risque) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: LTA, ISIN: FR0000053837.
For further information: www.altamir.fr
Amboise Investissement is a SCR (Société de Capital Risque) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: AMB, ISIN: FR0010307348.
For further information: www.amboise-investissement.fr
Apax Partners SA
Agathe Heinrich - Marketing Director
Tel.: +33 1 53 65 01 35
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