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

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