Mannai Corporation acquires from Apax France, Altamir and Boussard and Gavaudan a c. 15% stake in Gfi Informatique
Paris, June 12, 2018 – Following the announcements on 10 May 2017, 19 June 2017 and 10 July 2017, Mannai Corporation, Apax France, Altamir and Boussard & Gavaudan announce today that Mannai Corporation acquired from Apax France, Altamir and Boussard & Gavaudan, through off-market transactions effective on 14 June 2018, 10,206,695 shares in Gfi Informatique at a price per share of €8.50 (ex-dividend), representing c. 15% of the share capital and voting rights of Gfi Informatique.
Following the completion of this acquisition, Mannai Corporation will hold alone c. 96% of the share capital and voting rights of Gfi Informatique whereas Apax France, Altamir and Boussard & Gavaudan will no longer hold shares in Gfi Informatique.
Furthermore, the action in concert of Mannai Corporation with Apax France, Altamir and Boussard & Gavaudan, the shareholders’ agreement between Mannai Corporation, Apax France (jointly with Altamir) and Boussard & Gavaudan signed on 8 April 2016, as amended and restated on 10 May 2017 (see AMF notices n° 216C0904 of 15 April 2016 and n° 217C0991 of 18 May 2017) and the shareholders’ agreement between Apax France (jointly with Altamir) and Boussard & Gavaudan signed on 8 April 2016 (see AMF notice n° 216C0904 of 15 April 2016) will be terminated.
By acquiring an additional shareholding in Gfi Informatique, Mannai Corporation reinforces its commitment to Gfi Informatique with a long-term shareholder who is an expert in the IT services industry and an effective partner capable of supporting the company’s growth.
About Gfi Informatique
Gfi Informatique is a major player in value-added IT services and software in Europe, and occupies a strategic position in its differentiated approach to global firms and niche entities. With its multi-specialist profile, the Group serves its customers with a unique combination of proximity, sector organisation and industrial-quality solutions. The Group has around 15,000 employees and generated revenue of €1.132 million in 2017. Gfi Informatique is listed on Euronext Paris, NYSE Euronext (Compartment B) – ISIN: FR0004038099
About Mannai Corporation
Mannai Corporation is a diversified publicly listed conglomerate spanning the key industry and services sectors. Created over 60 years ago and headquartered in Doha, Qatar, the group has grown over the years through a business portfolio and geographical diversification strategy. Today, the core activities of the group include information and communication technology, automotive distribution, jewellery retailing, heavy equipment distribution and services and engineering services to the oil and gas sector.
Mannai Corporation employs over 21,000 employees within its group of companies. As of December 31st 2017, Mannai Corporation recorded 1.62 billion euros in revenue and a 122 million euros net profit. Mannai Corporation is listed on the Qatar Exchange since 2007 (QE: MCCS).
About Apax France
Apax Partners is a leading European private equity firm based in Paris. With more than 45 years of experience, Apax Partners provides long-term equity funding to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3.3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation: TMT, Consumer, Healthcare and Services.
Altamir (Euronext Paris-B, LTA) is a listed private equity company with almost €800m in assets under management. The company invests via and with the funds managed or advised by Apax Partners France and Apax Partners LLP, two leading private equity firms in their respective markets. It provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Retail & Consumer, Healthcare, Business & Financial Services) and in complementary market segments (mid-sized companies in French-speaking European countries and larger companies across Europe, North America and key emerging markets).
For more information: www.altamir.fr
About Boussard & Gavaudan
Created in 2002 by Emmanuel Boussard and Emmanuel Gavaudan, Boussard & Gavaudan is an independent asset manager wholly owned by his founders and partners. The Group has 78 recognized professionals, from which 21 traders and 8 analysts. Boussard & Gavaudan distinguishes itself by its entrepreneurial, proactive and independent spirit, ensuring an objective investment process.
Mannai Corporation – Havas Paris
+ 33 6 33 39 94 42
Coralie Cornet, Communications Director
Tel. + 33 1 53 65 01 29
Agathe Heinrich, Investor Relations & Communications
Tel. +33 1 53 65 01 74