Circa €1.7bn in portfolio
Mainly invested via funds managed by Seven2 and Apax, two PE leaders in their respective markets, with 50 years of experience
président d’Altamir Gérance et Président-Directeur Général d’Amboise Partners SA
Provide access to one of the best asset classes over the long term, with the following objectives:
- Performance: Grow NAV per share and outperform the most relevant indices (LPX Europe, CAC Mid & Small)
- Shareholder return: Maintain a sustainable and attractive dividend policy (2 – 3 % of Year-end NAV)
Create value for shareholders over the long term
Targeting 2 to 3 X the invested amounts over a five-year period
A clear, differentiated, and proven strategy:
- Invest in high-growth companies, diversified by size and geography
- Only in the 4 sectors of specialisation of Seven2 and Apax
- Buy-outs and growth capital investments
- With majority or lead positions
- Achieve 2 to 3X the amount invested
- Be a responsible investor, monitoring ESG performance of each investment
Private Equity
Invest in non-listed companies, grow their business and improve their performance
Private Equity funds typically invest in:
- Private-held unlisted companies
- ‘Corporate orphans’, or under-developed divisions of larger corporations
- Listed companies under-valued by the stock market, or whose growth potential would be more optimally developped under private ownership
A unique, tax-exempt investment vehicle
Altamir has opted for the attractive tax status of Société de Capital Risque (SCR)
Tax benefits for individuals
- Individuals resident in France are exempted from tax on dividends and on capital gains by holding their shares for at least 5 years and reinvesting their dividends
- Individuals not resident in France are not subject to French withholding tax by committing to holding their shares at least 5 years
Tax benefits for legal entities
- Legal entities resident in France are exempted from tax on dividends deriving from capital gains and are subject to a reduced tax rate on capital gains by committing to holding their shares for at least 5 years
- Legal entities not resident in France are not subject to capital gains tax in France
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13.1%Average growth of the portfolio EBITDA in H1 2024
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90%Total Shareholder Return over 5 years
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4.3%Yield at 30 June 2024
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Seven2 and Apax in Europe, North America and emerging markets