ALTAMIR_REGISTRATION_DOCUMENT_2017
3
FINANCIAL STATEMENTS Statutory financial statements
3.3.4 NOTES TO THE STATUTORY FINANCIAL STATEMENTS AS OF 31 DECEMBER 2017
CONTENTS
Activity and significant events in 2017
136
Notes relating to certain income statement items
NOTE 1
NOTE 3
144
Accounting rules and methods
139
NOTE 2
Other information
146
NOTE 4
NOTE 1 Activity and significant events in 2017
Altamir is a French partnership limited by shares ( société en commandite par actions ) governed byArticles 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 SAS and Apax Partners LLP. On certainoccasions, it co-invests directlywith these funds. The Companymay alsomake direct follow-on investments in its historical portfolio.
The volume of divestments and revenue amounted to €138.8m, and primarily included: €66m from the capital reductions of Altimus and Altrafin Participations; €41.1m from the total sale of Unilabs; €10.6m from the receipt of the Itefin Participations receivable; €5.6m from the partial sale of GlobalLogic; €4.6m from the capital reductions of Itefin Participations;
€2.5m from the total sale of Chrysaor; €2.2m from the total sale of EVRY; €1.9m from the total sale of Garda; €1.3m from the total sale of Chola;
ACTIVITY IN 2017
1.1
€0.9m from the partial sale of Shriram; €0.9m from the liquidation of Vizada; €0.7m from the partial sale of Idealista; €0.2m from the liquidation of Mobsat Management;
1.1.1 Investments and divestments: The Company invested €150.9m during the year. This amount comprised: €73.2m in the Apax France IX-B fund;
€0.2m of dividends received from Royer; €0.1m of dividends received from Rhiag.
€63.7m in the Apax IX LP fund; €10m in the Apia Ciprés fund; €3.8m direct investment in Turing Equity LP; and €0.2m direct investment in Altimus.
136 REGISTRATION DOCUMENT
• ALTAMIR 2017
www.altamir.fr
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