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1.1 SELECTED FINANCIAL
INFORMATION
7
1.1.1 2016 key figures
7
1.1.2 Performance
8
1.1.3 Portfolio
9
1.1.4 Activity
11
1.1.5 Financial structure
12
1.1.6 Share price
12
1.1.7 Shareholder information
14
1.2 PRESENTATION AND HISTORY
OF THE COMPANY
16
1.2.1 General presentation
16
1.2.2 Organisation charts
19
1.2.3 Altamir Portfolio
20
1.2.4 Portfolio companies by sector
22
1.3 BUSINESS DESCRIPTION
41
1.3.1 The private equity business
41
1.3.2 Private equity management costs
42
1.3.3 Altamir’s investment policy
44
1.3.4 Altamir’s cash management and performance
optimisation strategy
46
1.3.5 Altamir’s management costs
46
1.3.6 Altamir’s investment strategy
48
1.3.7 Apax Partners’ investment process
49
1.3.8 Altamir’s decision-making process
51
1.3.9 Apax Partners teams
52
1.3.10 Responsible investing
55
1.4 ANALYSIS AND COMMENTS
ON THE FINANCIAL YEAR
59
1.4.1 Overview and performance
59
1.4.2 Activities of the Company
59
1.4.3 Other significant events during the year
61
1.4.4 Post-closing events
61
1.4.5 Trends
61
1.4.6 Profit forecasts and estimates
62
1.4.7 Financial position
62
1.4.8 Valuation methods
65
1.4.9 The Company’s financial resources
65
1.4.10 Payment terms
65
1.4.11 Statutory results and other Company data
over the last five years (Article R. 225-102
of the French Commercial Code)
66
1.4.12 Acquisition of equity interests and controlling interests 66
1.5 RISK FACTORS
67
1.5.1 Introduction − principles
67
1.5.2 Description of risks and uncertainties and
their management
67
FINANCIAL AND
LEGAL INFORMATION
1
5
REGISTRATION DOCUMENT
1
ALTAMIR 2016