Report

Outperforming listed private equity peers

Altamir (LTA) achieved a 3.9% NAV total return in H116 compared to -1.1% for the LPX Europe index, with EBITDA growth at portfolio companies outweighing the effect of lower market multiples. During the period, three investments totalling €102.6m were finalised and €65.9m was committed to five new investments. Divestment proceeds and revenues totalled €147.2m, including €93.5m from the sale of Infopro Digital, representing a multiple of close to 3.0x cost. Commitments of €300m and €138m have been made to the newly launched Apax France IX and Apax IX LP funds.
Underlying
ALTAMIR Act porteur

Altamir is a listed private equity company that invests exclusively alongside or in the funds managed or advised by Apax Partners France and Apax Partners LLP. Co. provides investors access to a portfolio of companies with high-growth potential, diversified by geography and by size, across Apax's six specialization sectors: Telecom, Media, Technology, Retail & Consumer, Healthcare, and Business & Financial services. Telecom and Technology are managed by Altran Technologies, GFI Informatique and others; InfoPro manages Media; Retail & Consumer runs through Alain Aflelou 2, Cole Haan and others; Business & Financial Services runs through Buy Way, Albioma, and Texa among other entities.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

.

Analysts
Gavin Wood

Other Reports on these Companies
Other Reports from Edison Investment Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch