Paris, 2 July 2010 – BNP Paribas and Apax Partners SA announce the sale of BNP Paribas Personal Finance Belgium to the funds managed by Apax Partners SA and Altamir Amboise. This divestment will enable BNP Paribas to meet the requirements of the European Commission concerning the BNP Paribas Fortis deal.
BNP Paribas Personal Finance Belgium manages some 500m€ assets in consumer credit for 300,000 clients (revolving cards and consumer loans), and has 200 employees.
Apax Partners SA, a leading private equity firm specialising in the European mid-market, supports companies' growth across six business sectors including financial services.
The closing of the transaction is subject to approval by the European Commission and by the Belgium regulation authorities.
BNP Paribas remains active in the Belgium consumer finance market through Alpha Credit a 100% subsidiary of BNP Paribas Fortis. Alpha Credit that manages a loan book of € 2.5 billion is the driver of BNP Paribas Fortis' consumer finance activity and the leader in car finance in Belgium.
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About Altamir Amboise
Altamir Amboise is a listed private equity company, targeting NAV per share growth in line with the top-performing private equity players.
The Company co-invests with the funds managed by Apax Partners SA, a leading private equity firm with over thirty years of investing experience. It offers investors access to a diversified portfolio of fast-growing companies across Apax's sectors of specialisation: Technology, Telecom, Retail & Consumer, Media, Healthcare, Business and Financial Services.
Altamir Amboise is listed on Euronext Paris, Compartment B, ticker: LTA, ISIN code: FR0000053837. It is listed in the CAC Small 90 and SBF 250 indices. The total number of Altamir Amboise ordinary shares in circulation at 31 December 2009 was 36,512,301.
For further information: www.altamir-amboise.fr
Agathe Heinrich – Communication Director
Tel.: +33 1 53 65 01 35
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