Report
Geoffroy Michalet

Altamir : Q1 2020 NAV: -12.7%

>Q1 2020 NAV, down -12.7% at € 24.21 - Altamir yesterday evening reported its NAV at end-March, which, contrary to standard practice, was the focus of a quarterly re-evaluation for the whole of its portfolio (whereas under normal circumstances, only the listed stakes are re-evaluated in Q1).NAV showed a sequential decline of -12.7% relative to end-2019, at € 24.21 (vs € 27.75). Several factors account for this trend, but the main one relates to the lower multiple...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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