Altamir - 2018 Registration document

Financial statements

Statutory financial statements

3.3.4 NOTES TO THE STATUTORY FINANCIAL STATEMENTS AS OF 31 DECEMBER 2018

CONTENTS

Activity and significant events in the year

137

Notes relating to certain income statement items

NOTE 1

NOTE 3

144

Accounting rules and methods

139

NOTE 2

Other information

146

NOTE 4

3

NOTE 1 Activity and significant events in the year

Altamir is a French partnership limited by shares ( société en commandite par actions ) governed by Articles 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 funds managed by the management companies Apax Partners SAS and Apax Partners LLP. On certain occasions, it co-invests directly with these funds. The Company may also make direct follow-on investments in its historical portfolio.

ACTIVITY IN 2018

1.1

1.1.1 Investments and divestments: The Company invested €114.7m. The volume of divestments and revenue amounted to €136.3m during the year.

Companies/Funds Unlisted securities Apax France VIII-B Apax France IX-B

Amounts invested

Proceeds

9,990,000 78,519,251 3,865,468 -2,574,538

19,607,405

Apax VIII LP Apax IX LP Apax Digital

21,285,273 1,234,832

430,767

Phénix (Marlink) THOM Europe GFI Informatique

4,263,402

4,675,720 12,758,420 2,162,459 1,822,647

Groupe Royer

Equalliance

Buy Way

2,329,115

Snacks Développement

71,222

SUBTOTAL

94,494,350

65,947,093

Listed securities Albioma

8,535,274 61,825,459

Financière Hélios / Albioma

Altrafin Participations

20,229,841 20,229,841 114,724,191

SUBTOTAL

70,360,732 136,307,825

TOTAL

137

ALTAMIR 2018

Registration document