Altamir - Registration Document 2016

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FINANCIAL AND LEGAL INFORMATION 1 Presentation and history of the Company
APAX PARTNERS
Private equity pioneer
Apax Partners was founded in 1972 by Maurice Tchenio in France
and Ronald Cohen in the UK; they subsequently partnered with
Alan Patricof in United States in 1976. The group was composed
of independent companies in each country, sharing the same
strategy, corporate culture and methods, but owned by local
partners managing domestic funds. It continued to grow using
this model in the main European countries.
In the early 2000s, the various national entities, with the exception
of France, regrouped into a single management company, Apax
Partners LLP, so as to raise large international funds and reorient
their investment strategy towards transactions in excess of €1bn
(large caps). The French entity opted to conserve itsmid-market
positioning and remain independent.
Three legal entities
As part of the succession plan that led Maurice Tchenio, founder
of Apax Partners SA, to transfer the leadership of Apax Partners
France to his partners at the end of 2010, a new management
company was created: Apax Partners MidMarket SAS, licenced
by the AMF (Autorité des Marchés Financiers ) and chaired by
Eddie Misrahi.
Today, threedistinct legal entities operateunder theApaxPartners
banner, with no cross-shareholdingbetween them: Apax Partners
SAandApax PartnersMidMarket SAS, French fundmanagement
companies, andApax Partners LLP, whichmanages international
funds.
In the rest of this document, wewill use the following terms:
“Apax Partners France” to indicate the activities of the
French funds managed successively by Apax Partners SA
and Apax Partners MidMarket SAS;
“Apax Partners” or “Apax” to indicate the activities of the
fundsmanaged byApax Partners France andApax Partners
LLP.
APAX PARTNERS SA
Apax Partners SA is the management company for the French
funds from the first fund created in 1983 (Apax CR) through to
the Apax France VII fund raised in 2006. Based in Paris, Apax
Partners SA has a team of five professionals.
Apax Partners SA has been Altamir’s investment advisor since
its creation in 1995.
APAX PARTNERS MIDMARKET SAS
Apax Partners MidMarket SAS is amajor private equity company
in French-speaking Europe. Based in Paris and headed by Eddie
Misrahi, the company has a team of 22 investment professionals
organised by sector.
Apax Partners MidMarket SAS is the management company of
theApax France VIII fund raised in 2011 (€704m), Apax France IX
raised in 2017 (€1bn) and future funds. It is also Apax Partners
SA’s investment advisor. The funds managed and advised by
Apax Partners MidMarket total €3bn. They finance the long-term
growth of mid-sized companies (€100m to €1bn in enterprise
value) in Europe.
For more information, please visit:
APAX PARTNERS LLP
London-based Apax Partners LLP is one of the world’s leading
private equity firms. Apax Partners LLP invests inEurope (outside
France), North America and the principal emerging economies
(Brazil, China, India). It has a team of more than 100 investment
professionals, organised by sector and located in eight offices
(London, New York, Munich, Tel Aviv, Mumbai, Shanghai, Hong
Kong and São Paulo).
The funds managed and advised by Apax Partners LLP total
more than €42bn. They finance the long-term growth of large
companieswith a value between €1bn and€5bn. The latest funds
raised are Apax VIII LP, raised in 2013 ($7.5bn) and Apax IX LP,
raised in 2016 ($9bn).
For more information, please visit:
FINANCING GROWTH AND SPECIALISING
BY SECTOR
Because of their common history, Apax Partners France andApax
Partners LLP share a strategy based on financing growth and
specialising by sector while positioning themselves on markets
that complement each other in terms of geography and company
size.
The funds managed by the two companies take majority or
leadingpositions ingrowingcompanies in the same four sectors of
specialisation: TMT, Retail & Consumer, Healthcare, and Business
& Financial services.
In today’s competitive environment, the sectoral expertise
Apax has developed since 1990 constitutes a key differentiator
in identifying the best investment opportunities, capturing
transactions and creating value.
18 REGISTRATION DOCUMENT 1 ALTAMIR 2016