Altamir

What is Altamir ?

Altamir is a private equity firm based in Paris, France, which was established in 1995.

With a strategy rooted in growth, diversification, and geographical reach, they specialize in four key sectors through funds managed by Seven2 and Apax: IT (& TMT), Business Solutions, Hardware (& Manufacturing), and the described media, technology, consumer, telecommunications, healthcare, and services industries.

By carrying out LBO and capital development operations, they strive to be majority or key reference investors, aiming to achieve 2 to 3 times the investment amounts over a 5-year period.

Their investment approach is clear, differentiated, and proven, focusing only on their specialized sectors.

Altamir aims to outperform benchmark indices such as LPX Europe and CAC Mid & Small and offers a sustainable, simple, and attractive dividend policy of 2 to 3% of the Net Asset Value (NAV) as of December 31st. They seek to create long-term value while responsibly measuring ESG (Environmental, Social, Governance) performance.

Altamir provides access to one of the most performing asset classes over time with the goal of increasing NAV per share. Their private equity activities include investing in non-listed, growing companies, enhancing their business and improving performance.

They target growth companies, 'orphan' entities or underdeveloped divisions of larger companies, as well as listed entities that are undervalued or whose growth potential could be better realized under private ownership. A unique tax-efficient product, Altamir operates under the advantageous regime of Sociétés de Capital Risque (SCR), offering tax benefits for French resident individuals and corporate entities and non-resident individuals under certain conditions. The portfolio of nearly €1.7 billion reflects a significant activity improvement since the second quarter.

As of March 31, 2024, the NAV stood at 35.31 EUR per share, and the firm has shown a NAV increase of 2.9% over 9 months, including dividends. They are active primarily across Europe, North America, and key emerging markets.