ALTAMIR_REGISTRATION_DOCUMENT_2017
3
FINANCIAL STATEMENTS
Consolidated financial statements
2) €22.3m in follow-on investments andcommitments inportfolio companies: €17.2m in Marlink, €2.4m in Vocalcom, €1.8m in Nowo/ONI, and €0.9m of follow-on investments in other portfolio companies. The Company also finalised the investment in Unilabs to which it hadmade commitments totalling€9m last year. The final amount invested was €9.6m, reflecting an upward adjustment of €0.6m. Thevolumeof saleproceeds and revenue realisedor signedduring the year amounted to €98.7m (€215.7m in 2016), and comprised sale proceeds of €97.1m(€214.2m in 2016) and revenues of €1.6m (€1.5m in 2016). The €98.7m primarily included: €66.1m from the sale of 50% of Altamir’s stake in Altran as part of an accelerated placement for institutional investors. Altamir now holds 3.5% of the Company’s share capital; €15.2m from a new sale of Gfi Informatique shares to Mannai Corporation. Altamir now holds 2.5% of the Company’s share capital, via Itefin Participations; €4.6m from the partial sale of GlobalLogic, already generating a multiple of 2.8x the amount invested; €3.7mfromthe release of the remaining amount held in escrow related to the sale of Mobsat Group Holding (Vizada); €2.2mfollowing the listingof EVRYon theOsloStockExchange; €1.9m from the sale of a remaining stake in GardaWorld, bringing total proceeds to€5.4m, amultiple of 2.3x the amount invested in 2012; 5.2 DIVESTMENTS IN 2017
€1.3m from the sale of the remaining stake in Chola. The investment will have generated a multiple of 2.7x the amount invested; €0.9m from the refinancing of Shriram City Union; €0.8m from the refinancing of Exact Software; €0.7m from the refinancing of Idealista; €0.6m from the refinancing of Safetykleen Europe; €0.2m from Royer’s 2017 dividends; €0.1m from Albioma’s 2017 dividends, distributed in cash; €0.3m from various portfolio companies; and the companies rue21 and Answers Corporation, which were removed from the portfolio with no return for the Apax VIII LP fund. TheCompany also finalised the saleof Unilabs, announced in2016, for a total of €41.1m vs the €41.2m initially stated. Apax Partners SA changed its corporate name to Amboise Partners SA. The Apax IX LP fund returned €2.6mof uninvested called capital at theendof January2018. At the same time, it distributed revenue from the refinancing of SafetyKleen in 2017, of which €0.6mwas received by the Company. Marlink finalised its acquisition of OmniAccess. Apax Partners LLP sold its stake in Genex in early February. This divestment is expected to generate €0.9m for Altamir. 5.3 KEY EVENTS SINCE 31 DECEMBER 2017
114 REGISTRATION DOCUMENT
• ALTAMIR 2017
www.altamir.fr
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