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Objectives and strategy

Objectives

To create value for its shareholders over the long term, Altamir has the 2 following objectives:

  • Grow NAV per share and outperform the relevant indices (LPX Europe and CAC Mid&Small)
  • Maintain a sustainable, simple and attractive dividend policy: 2 to 3% of year-end NAV

Altamir’s strategy

Is to invest in high-growth companies, diversified by size and geography
  • Targeting 4 sectors of specialisation: Tech & Telco, Consumer, Healthcare, Services
  • Making Buy-out and Growth capital investments
  • Small and mid-cap companies in Continental Europe (with Enterprise Value between €50m and €500m)
  • Larger size companies (with enterprise value between €500m and €3bn) in Europe, North America and emerging countries (mainly China and India)
  • Having majority or lead positions
  • Creating value with a target of 2 to 3X the amount invested over a 5-year period
  • Being a responsible investor.

Investment policy

Altamir invests alongside and through funds managed by Apax Partners:
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Before 2011: co-investments alongside the funds managed by Seven2 (formerly Apax Partners SA).

Since 2011: in the funds managed by Seven2 and Apax and co-investments alongside these funds.

Since 2021: diversification with the Altaroc funds and direct investment in THOM.

At 30 June 2024:

  • 1 direct investment in THOM 
  • 11 co-investments:
    • 9 alongside Seven2 : Entoria, InfoVista, Snacks Développement, Marlink, ThoughtWorks, Graitec, Odigo, Destiny and Odin,
    • 1 alongside Apax: ThoughtWorks,
    • 2 alongside Hg: IFS and Access.

For decisions to invest or co-invest in a fund, Altamir relies on the services of Altaroc Partners its investment advisor.