background-altamir-home Objectives and strategy
Objectives
To create value for its shareholders over the long term, Altamir has the 2 following objectives:
- Grow NAV per share and outperform the relevant indices (LPX Europe and CAC Mid&Small)
- Maintain a sustainable, simple and attractive dividend policy: 2 to 3% of year-end NAV
Altamir’s investment strategy
Relies on Apax Partners’:
Invest in high-growth companies, diversified by size and geography:
- Small and mid-cap companies in Continental Europe (with enterprise value between €50m and €500m)
- Larger size companies (with enterprise value between €500m and €3bn) in Europe, North America and emerging countries (mainly China and India)
- Targeting 4 sectors of specialisation: Tech & Telco, Consumer, Healthcare, Services
- Making buy-out and growth capital investments
- Having majority or lead positions
- Creating value with a target of 2 to 3X the amount invested over a 5-year period
- Being a responsible investor, monitoring ESG (Environnement, Social, Gouvernance) performance of each investment.
Investment policy
Altamir invests alongside and through funds managed by Apax Partners:
Before 2011: co-investments alongside the funds managed by Apax Partners SA.
Since 2011: in the funds managed by Apax Partners SAS and Apax Partners LLP and co-investments alongside these funds.
At 31 December 2021:
- 1 direct investment in THOM Group
- 8 co-investments: Entoria, InfoVista, Snacks Développement, Marlink, ThoughtWorks, Graitec, Odigo and Destiny.