Altamir - Registration Document 2016

FINANCIAL AND LEGAL INFORMATION Analysis and comments on the financial year

1.4.3 OTHER SIGNIFICANT EVENTS DURING THE YEAR

Commitments TheApaxFranceVII fund is fully invested. Altamir has anobligation tomake follow-on investments inportfolio companies of amounts proportional to its initial commitment. The maximum residual commitment is estimated at €2m. Altamir has committed to investing between €200mand€280m in the Apax France VIII fund. As of the end of December 2016, €16.9m of capital remained to be called, out of a total maximum commitment reduced to €276.7m. Altamir has committed to investing€60m in theApaxVIII LP fund. In December 2016, the fundmade a capital call for the remainder of residual commitment. The fund was therefore fully called as of 31 December 2016. Altamir has committed to investing between €220mand€300m in the Apax France IX fund. This amount can be adjusted every six months based on the Company’s foreseeable cash position. For the first half of 2017, the Company has decided to maintain its commitment at the maximum level of €300m. The amount called as of 31 December 2016 was €4m. The fund has already made three investments, entirely financed by credit lines, for a total of €64m. Altamir has also committed to investing €138m in the Apax IX LP fund. The fund has not yet issued its first call for capital. However, it has alreadymade two investments for a total of €11.5m, financed by credit lines. The Management Company is not able to adjust this commitment every six months. Altamir’s maximum remaining commitments therefore total €450.9m (excluding any follow-on investments in Apax France VII), of which €75.5m have already been invested. Portfolio The portfolio as of 31 December 2016 included 42 equity holdings, excluding escrow accounts, comprised primarily of growth companies, distributed among Altamir’s four sectors of specialisation.

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The Company paid a dividend of €0.56 per ordinary share to limited partners on 27 May 2016.

1.4.4 POST-CLOSING EVENTS

In February 2017, Apax Partners and Altamir finalised the sale of Unilabs. At the same time, Apax Partners LLP announced the acquisition of Unilabs for the Apax IX LP fund. Apax Partners LLP also completed the sale of its remaining investment in Chola for €1.3m and the partial sale of GlobalLogic for approximately €5m. The last tranche in escrow in relation to theVizada sale, an amount of €4.6m, was released in January 2017.

1.4.5 TRENDS

The volume of funds raised in the European private equity sector rose sharply, with a total of $132bn raised in 2016 vs. $97bn in 2015 (source: Private Equity Analyst). During the same period, the market saw a decline in buyout transactions for the second year in a row, which nevertheless remained higher than the average for the past ten years (source: MergerMarket).

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REGISTRATION DOCUMENT 1 ALTAMIR 2016