A diversified portfolio

Portfolio composition

as of 31 December 2021

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By geography
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By vintage
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By sector

At 31 December 2021	Sector	Residual cost in M€	Fair Value in M€	% of portfolio at fair value
THOM Group A leading jewellery retailer in Europe, created in 2010 from the merger of two leading French jewellery retailers, Histoire d’Or and Marc Orian. Directly held by Altamir since February 2021. Since the acquisition of Stroili Oro in Italy and Oro Vivo in Germany, the group has a presence in France, Italy, Germany and Belgium through a network of more than 1,000 company-owned stores, primarily located in shopping centres. www.thomgroup.com THOM Group	Consumer	100.0	211.3	14%
Marlink A leading worldwide provider of mobile satellite communications solutions. The company’s maritime and land commercial satcom business is present in 14 countries across Europe, Asia, Middle-East and Americas, with over 400 distributors worldwide. The company serves all maritime sectors in the world and thousands of users operating in challenging environments in the mining, energy and humanitarian sectors that needs highly reliable satcom mobile and fixed connectivity services. www.marlink.com Marlink	Tech & Telco	47.5	140.5	10%
InfoVista With over 1,700 customers in 150 countries, InfoVista is a global leader in mobile and fixed Network Lifecycle Automation, enabling the digital transformation of Communication Service Providers (CSPs) and the acceleration of 5G deployments. Its portfolio is very well balanced geographically between America (c. 40% of revenue), Europe (c. 30 % – less than 10% in France), and Asia, Middle-East and Africa (c. 30 %). www.infovista.com InfoVista	Tech & Telco	50.2	124.4	8%
Destiny	Tech & Telco	42.3	98.2	7%
ThoughtWorks A leading digital transformation and software company which helps businesses solve complex technology problems. Headquartered in Chicago, the company operates in 17 countries, with 45 offices worldwide and over 10,000 employees globally. www.thoughtworks.com ThoughtWorks	Tech & Telco	0.0	85.5	6%
Snacks Développement France’s leading private-label savoury snacks manufacturer, with production of over 100,000 metric tonnes p.a. The company has developed its expertise in extruded and stackable snacks and crackers over more than 20 years. www.europesnacks.com Snacks Développement	Consumer	38.2	72.9	5%
Graitec	Tech & Telco	34.9	64.7	4%
AEB	Services	39.2	52.6	4%
Entoria A French leader in supplemental insurance protection for self-employed persons and SMEs. www.entoria.fr Entoria	Services	54.3	47.4	3%
Odigo A worldwide leader in biotechnological ingredients and related services for wine, food and beverage, with a unique expertise in biotechnology and oenology. With a coverage across 5 continents, ARB Group employs more than 300 persons in 8 production units, 4 R&D laboratories and 7 quality control laboratories globally. The company collaborates with more than 20 universities and research institutes to foster continuous innovation. www.aeb-group.com Odigo	Tech & Telco	32.0	32.0	2%
Expereo One of the world’s largest managed internet network and cloud connectivity solutions providers, with more than 21,400 enterprise and government sites under management across over 195 countries. The company helps global enterprises in their digital transformation and has built long-term relationships with an impressive group of blue-chip clients and business partners. Additionally, Expereo provides high-value added technology services such as cloud acceleration and SD-WAN, allowing clients to increase their network performance and flexibility. The company was partially sold in April 2021. www.expereo.com Expereo	Tech & Telco	28.4	28.4	2%
Unilabs One of Europe’s leading diagnostics companies, offering services in laboratory medicine, imaging and pathology. Over €1bn in revenue and more than 1,200 employees Unilabs has a presence in 15 countries. https://unilabs.com/ Unilabs	Healthcare	6.7	26.5	2%
Mentaal Beter A leader in Contact-Center-as-a-Service (CCaaS) solutions, principally for large companies. Founded in 1986, Odigo is an omni-channel cloud platform that supports companies in the management of their customer interaction. With around 650 employees, Odigo accompanies more than 400,000 users and more than 200 customers in nearly 100 countries. www.odigo.com Mentaal Beter	Healthcare	25.8	25.8	2%
Crystal One of France’s leading IFAs (independent financial advisors), offering a unique blend of services for expatriates and interprofessional channels. https://www.groupe-crystal.com/ Crystal	Services	20.3	24.7	2%
Vocalcom A leading provider of payroll and HR-related software to small and medium-sized businesses in the United States. Headquartered in Cincinnati, Ohio, Paycor works with over 28,000 customers and has over 1,800 employees. www.paycor.com Vocalcom	Tech & Telco	10.7	21.5	1%
Assured Partners One of America’s leading insurance brokers. https://www.assuredpartners.com/ Assured Partners	Services	8.9	22.2	1%
Paycor Leading global provider of non-surgical aesthetic medicine equipment. Company based in the United States. https://candelamedical.com/int Paycor	Tech & Telco	0.0	21.4	1%
Authority Brands A US leader in franchising of personal assistance services. www.authoritybrands.com Authority Brands	Services	5.8	19.4	1%
Candela	Healthcare	5.9	16.5	1%
Trade Me Digital marketplace platform for vehicles, real estate and jobs in New Zealand. 5th most visited website in its domestic market. https://www.trademe.co.nz/a/?bof=WmN4yQ vS Trade Me	Consumer	6.6	16.5	1%

Total 20 largest investments	558.0	1,153.9	78%
Other Tech & Telco (13 companies as of 31.12.2021) Other Tech & Telco (13 companies as of 31.12.2021)	75.6	123.2	8%
Other Services (15 companies as of 31.12.2021) Other Services (15 companies as of 31.12.2021)	59.8	102.8	7%
Other Consumer (9 companies as of 31.12.2021) Other Consumer (9 companies as of 31.12.2021)	35.6	41.7	3%
Other Healthcare (6 companies as of 31.12.2021) Other Healthcare (6 companies as of 31.12.2021)	33.5	10.7	3%
Funds Funds	8.4	10.7	1%

Total investments		770.8	1,475.9	100%