STOCK EXCHANGE RELEASE 31 October 2018 at 16:15

Finnvera issued on 31 October 2018 a EUR 500 million ten year bond.

The transaction maturing in August 2028 represents Finnvera’s third bond issue this year.

Lead managers for the issue were Citi, Deutsche Bank and HSBC. The greatest demand came from France and Germany.

The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Bonds issued under the programme are guaranteed by the Republic of Finland and their rating corresponds to the rating assigned to the Republic of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera is Aa1 and that given by Standard & Poor’s is AA+.

Additional information:

Ulla Hagman, CFO, tel. +358 29 460 2458

Jari Kautto, Finance Manager, tel. +358 29 460 2697

Paris, 3 October 2018 – Reaffirming its ambitious long-term growth and value-creation strategy, Altamir has decided to expand its investment policy and make commitments to two new funds:  Apax Development, launched by Apax Partners SAS in the small-cap segment in France; and Apax Digital, launched by Apax Partners LLP, which invests worldwide in technology companies.

Altamir’s objective is to seize new investment opportunities in dynamic markets, while capitalising on the competitive advantages offered by Apax Partners: sector expertise and an ability to create value through digital transformation, acquisitions and internationalisation.

After consulting with Altamir’s Supervisory Board, the Board of Directors of Altamir Gérance decided to commit €15m to the Apax Development fund and $5m to the Apax Digital fund, keeping in mind that these amounts will be invested over the next 3-4 years.

Apax Development

Following the 2017 acquisition of EPF Partners, a renowned specialist in the small-cap segment in France, Apax Partners SAS is now launching the Apax Development fund, for which it aims to raise €225m. France’s small-cap segment is a large, dynamic market, attractive in terms of price and corporate growth potential.

The investment strategy consists in taking majority stakes in companies with an enterprise value of up to €100m in Apax’s four sectors of specialisation: TMT, Services, Consumer and Healthcare. This strategy complements that of the other funds managed by Apax Partners SAS, which invest in companies with a valuation in excess of €100m.

In March 2018, Apax Development made its first investment in Eric Bompard, the European leader in cashmere.

Apax Digital

Drawing on more than 30 years of experience and deep investment expertise in the technology and telecommunications sectors, Apax Partners LLP created a dedicated team in 2017, which raised $1.1bn for the Apax Digital fund.

The investment strategy is to take minority or majority stakes in enterprise technology and consumer internet companies that are smaller than companies in which the Apax VIII LP and Apax IX LP funds invest and are located in Apax Partners LLP’s geographical scope, i.e. Europe, North America, Brazil, China, India and Israel.

Apax Digital currently has four investments. They include two consumer internet companies, US company Moda Operandi (leading luxury fashion e-commerce platform) and Chinese company So Young (aesthetic medical treatments marketplace), and two enterprise tech companies, US company Wizeline (high-end software product development) and Solita (one of Finland’s largest digital transformation services companies).

Portfolio reporting

Given the smaller size of the investments that will be made via Apax Development and Apax Digital, Altamir’s investment in each fund will appear as a single line in Altamir’s portfolio, without the detail of underlying investments realised by these funds.

About Altamir

Altamir is a listed private equity company (Euronext Paris-B, ticker: LTA) founded in 1995 and with nearly €800m in assets under management. Its objective is to provide shareholders with long term capital appreciation and regular dividends by investing in a diversified portfolio of private equity investments.

Altamir’s investment policy is to invest via and with the funds managed by Apax Partners SAS and Apax Partners LLP, two leading private equity firms that take majority or lead positions in buyouts and growth capital transactions and seek ambitious value creation objectives.

In this way, Altamir provides access to a diversified portfolio of fast-growing companies across Apax’s sectors of specialisation (TMT, Consumer, Healthcare, 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).

Altamir derives certain tax benefits from its status as an SCR (“Société de Capital Risque”). As such, Altamir is exempt from corporate tax and the company’s investors may benefit from tax exemptions, subject to specific holding-period and dividend-reinvestment conditions.

For more information: www.altamir.fr

Contact

Agathe Heinrich

Tel: +33 1 53 65 01 74

E-mail: investors@altamir.fr

1 October 2018

Apax Partners is pleased to announce it has won the inaugural “Editors’ Award” (in America) for GlobalLogic at the Private Equity International Operational Excellence Awards 2018. The awards celebrate best practice in value creation across the private equity industry.

GlobalLogic is a leader in digital product engineering services helping blue chip clients design, build, and deliver their digital products.

The Apax Funds acquired GlobalLogic Inc. in 2013, seeking to scale the business to provide engineering expertise across diversified industries on a truly global scale. Under the Funds’ ownership, and together with management, the company invested in sales and marketing capabilities to both seek out and develop areas of expertise. Through both organic growth and M&A, the company expanded into numerous new geographies across the world, including establishing engineering centres across Europe and Asia. In addition, Apax’s Operational Excellence Practice (“OEP”) supported the business in several ways, including redefining their internal IT strategy and leading a finance improvement initiative. The result of these initiatives saw an acceleration in growth as both revenue and EBITDA more than doubled as GlobalLogic solidified its position as a leading global product engineering company.

The Apax Funds sold their stake in GlobalLogic across two tranches: half was sold in January 2017; and the remaining stake was sold in August 2018 in a transaction which valued GlobalLogic at over $2bn.

INVESTOR AB (publ) intends to invite noteholders of its outstanding EUR 600,000,000 4.875 per cent. notes due 2021 (ISIN: XS0466670345) (the “Notes”) to tender any and all of their Notes for purchase for cash (the “Offer”). The intended purchase price is expected to include a customary premium.

In conjunction with the Offer, Investor AB is considering a potential issue of new notes, subject to market conditions, under its EUR 5,000,000,000 Debt Issuance Programme.
Part of the proceeds from the new issue will be used for purchasing the Notes. The rationale of the Offer and the new issue is thus to proactively manage upcoming debt repayments and to extend the average debt maturity profile of Investor AB. Notes repurchased pursuant to the Offer will be cancelled and will not be re-issued or re-sold.

Please note that further information, which among other things will set out certain important restrictions, regarding the intended Offer is expected to be made available shortly and will be found on: http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html

This information is, with respect to Investor AB’s outstanding Notes, such information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 09.30 CET on September 4, 2018.

Waterland Private Equity expands its Swiss activities with an office in Zurich. This enables Waterland to get closer to Swiss entrepreneurs and local markets. The team will be working closely with the offices in Munich and Hamburg, and will help to continue fostering international growth while leveraging synergies between the locations.

“Switzerland is a highly interesting market, and we are a very attractive growth partner for mid-sized companies in the region. This is demonstrated by our current engagement in Tineo – previously Quickline Business,” says Jörg Dreisow, Managing Partner at Waterland. “With our buy & build experience, financial strength, European office network and new proximity, we will be able to help Swiss companies expanding their potential, realising their growth targets and thereby creating added value for SMEs.”

Alongside its current investment Tineo, Waterland has already successfully engaged in Swiss transactions in the past, for example, in the establishment of Switzerland’s largest private nursing home operator Seniocare.

Potential for growth at Tineo

Tineo is an integrated enterprise solution provider of data centres, fibre optic connections, high-speed internet and VoIP services with state-of-the-art infrastructure and a broad customer base. “The independent company is in an excellent position to intensify the pursuit of its organic and inorganic growth strategy in the fragmented Swiss market. With its clear focus on the enterprise segment, Tineo will be able to generate substantial added value for its customers,” explains Dr Gregor Hengst, Principal at Waterland. “Further, there are many other interesting, well-positioned companies with excellent products that could benefit from a partnership with Waterland.”