Altamir - Registration Document 2016

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FINANCIAL STATEMENTS 3 Statutory financial statements
CONTENTS
3.3.4 NOTES TO THE STATUTORY FINANCIAL STATEMENTS AS OF 31 DECEMBER 2016
NOTE 1 Activity and significant events in 2016
Altamir is a French partnership limited by shares (société en
commandite par actions) governedbyArticles L. 226.1 to L.226.14
of the French Commercial Code. Its principal activity is the
acquisition of equity interests in other companies. The Company
opted to become a société de capital risque (special tax status
for certain private equity and other investment companies) as of
financial year 1996.
Since 2011, Altamir has primarily invested through fundsmanaged
by the management companies Apax Partners MidMarket and
Apax Partners LLP. On certain occasions, it co-invests directly
with these funds. The Company may also make direct follow-on
investments in its historical portfolio.
1.1 ACTIVITY IN 2016
1.1.1 Investments and divestments:
The Company invested €128.9m during the year. This amount
comprised:
€6.9m direct investment in THOM Europe;
€0.4m direct investment in Altran;
€71.4m in the Apax France VIII-B fund;
€9.9m in the Apax VIII LP fund;
€4.1m in the Apax France IX-B fund;
€1.6m co-investment in Snacks Développement;
€22.1m co-investment in Marlink through the Phénix fund; and
€12.5mco-investment in InfoVista through theApia Vista fund.
The volume of divestments and revenue amounted to €191.6m,
and primarily included:
€93.4m from the total sale of Infopro Digital;
€31.3m from the partial sale of Gfi;
€29.6m from the total sale of TEXA;
€21.4m from the total sale of Capio;
€8.5m from the receipt of the Maisons du Monde receivable;
€2.6m from the partial sale of Garda;
€1.9m from the total sale of Rhiag;
€1.6m from the partial sale of Evry;
€0.9m from the partial sale of Chola; and
€0.1m of dividends received from Albioma.
130 REGISTRATION DOCUMENT 1 ALTAMIR 2016