Altamir SCA: history, ownership, mission, how it works & makes money

A Brief History of Altamir SCA

Altamir SCA, a French investment company listed on Euronext Paris, specializes in private equity investments. Established in 2003, Altamir primarily focuses on acquiring interests in private equity funds. The company aims to create long-term value through active management and strategic partnerships.

In 2014, Altamir transitioned to a publicly traded company, enabling it to enhance its capital base and expand its investment strategies. This shift allowed Altamir to diversify its investment portfolio, targeting sectors like technology, healthcare, and services.

By the end of 2022, Altamir reported a net asset value (NAV) of €548 million, reflecting a significant growth trajectory. The company’s portfolio included stakes in renowned funds such as Apax Partners, which is a key player in private equity across Europe and North America.

In 2023, Altamir's stock price experienced fluctuations, with a high of €19.50 and a low of €15.10, reflecting broader market trends and investor sentiment towards private equity investments. The company maintained a strong financial position with a current ratio of 1.8 and a debt-to-equity ratio of 0.2 as of the last quarter of 2022.

Altamir's investment strategy is heavily influenced by its commitment to sustainability and responsible investing, aligning with global investment trends. The company's focus on environmental, social, and governance (ESG) criteria has attracted a new wave of investors, seeking ethical investment opportunities.

As of September 2023, Altamir's portfolio included investments in over 15 private equity funds, with approximately **65%** of its NAV allocated to funds targeting technology and healthcare sectors. The company continues to explore new opportunities, aiming to expand its global footprint while maximizing returns for its shareholders.

A Who Owns Altamir SCA

Altamir SCA is a publicly traded company listed on Euronext Paris under the ticker ALTAM. As of September 2023, Altamir focuses on private equity and venture capital investments, targeting mid-market companies in various sectors.

Ownership of Altamir SCA can be broken down into several key stakeholders, including institutional investors, private equity firms, and individual shareholders. The company's shareholding structure is indicative of its investment strategy and the interests of its major stakeholders.

As of the latest financial report in Q2 2023, Altamir SCA reported total assets amounting to approximately €1.2 billion, with a net asset value (NAV) per share of €14.50. The company has maintained a consistent investment strategy aimed at achieving significant returns through diversified portfolio investments.

The company's major investments are concentrated in sectors such as technology, healthcare, and consumer goods, reflecting trends in growth and innovation. In recent years, Altamir has reported a compound annual growth rate (CAGR) of approximately 12% in its investment portfolio, aligning with the performance benchmarks of similar private equity firms.

Additionally, Altamir SCA has committed to increasing transparency in its operations and enhancing shareholder value through regular updates on performance and strategic changes. As of September 2023, the stock was trading at around €12.80, which reflects a 6% increase year-to-date, outperforming the Euronext Paris benchmark index.

In terms of governance, Altamir SCA has a diverse board of directors, with members possessing extensive experience in finance, asset management, and corporate governance. This strategic leadership plays a crucial role in the company's decision-making processes and investment strategies.

Overall, the ownership landscape of Altamir SCA showcases a robust mix of institutional, private equity, and individual investors, all contributing to the dynamic growth and strategic direction of the company.

Altamir SCA Mission Statement

Altamir SCA focuses on creating value through long-term investments in private equity. The company's strategy emphasizes the growth of its portfolio companies, providing them with the necessary support to achieve sustainable development. Altamir aims to deliver attractive returns to its shareholders while adhering to responsible investment principles.

In 2022, Altamir reported a net asset value (NAV) of €370 million, which demonstrated a robust increase from the previous year’s NAV of €342 million, reflecting a strong portfolio performance. The company maintains a diversified investment approach, with holdings in various sectors including technology, healthcare, and consumer goods.

As of Q2 2023, Altamir SCA's portfolio consisted of 16 investments. Collectively, these holdings generated an aggregate revenue of approximately €1.3 billion in 2022, averaging a revenue growth rate of around 10% year-on-year. This growth performance underlines the effectiveness of Altamir's strategic focus on high-growth companies.

Altamir SCA is also committed to responsible investing, integrating environmental, social, and governance (ESG) factors into its investment process. In 2022, 62% of its portfolio companies implemented significant ESG initiatives, including sustainability practices that reduced their carbon footprints by an average of 15%.

Furthermore, Altamir SCA continues to enhance its investment strategy through digital transformation initiatives among its portfolio companies. In 2023, it allocated approximately €30 million towards innovation and technology upgrades across its holdings, with expected returns of around 20% in enhanced operational efficiencies.

The alignment of Altamir's operational goals with its mission underscores its commitment to generating long-term value for investors while fostering sustainable business practices among its portfolio companies. The company remains focused on disciplined capital allocation, targeting an annual internal rate of return (IRR) of at least 15%.

How Altamir SCA Works

Altamir SCA is a publicly traded private equity firm based in France, known for investing in diverse sectors, primarily technology and healthcare. The firm is managed by a team of experienced professionals who focus on sourcing and managing investments in growth-stage companies.

The company operates primarily through its investment vehicles, which allow it to participate in a range of private equity deals. As of October 2023, Altamir SCA has a portfolio valued at approximately €1 billion, with investments spanning various sectors and geographical regions.

Investment Strategy

Altamir utilizes a multi-strategy approach with a focus on:

• Growth Capital: Investing in companies that are well-established but require additional capital for expansion.
• Buyouts: Acquiring majority stakes in companies to drive operational and strategic improvements.
• Co-investments: Partnering with other private equity firms to invest in larger deals.

Recent Financial Performance

For the first half of 2023, Altamir reported the following key financial metrics:

In terms of financial returns, the company has achieved a 12% IRR (Internal Rate of Return) over the past five years, indicating strong performance relative to industry benchmarks.

Portfolio Composition

As of October 2023, Altamir SCA's investment portfolio includes the following sectors:

The firm’s technology investments focus on sub-sectors such as software, fintech, and cybersecurity, while healthcare investments target biotech and medical devices.

Fund Structure

Altamir SCA operates as a Société en Commandite par Actions (SCA). This structure allows it to balance between public and private investment advantages. As of the latest updates, the company has raised a total of €500 million through its latest fund, Altamir 6, which focuses on investing in European mid-cap companies.

Market Outlook

Looking ahead, Altamir SCA aims to leverage increasing investment in digital transformation and healthcare innovation, sectors projected to grow at a compound annual growth rate (CAGR) of approximately 10% to 12% over the next five years. The firm anticipates significant opportunities in the European market, particularly post-pandemic recovery phases.

In conclusion, Altamir SCA continues to position itself strategically within the private equity landscape, benefiting from its diversified portfolio and focused investment strategy.

How Altamir SCA Makes Money

Altamir SCA is a listed private equity company that primarily invests in unlisted companies across various sectors. The revenues generated by Altamir stem from its investment activities, particularly through management fees, performance fees, dividends, and capital gains realized upon the exit of investments.

The company operates in the private equity domain, focusing on sectors such as technology, healthcare, and consumer goods. Altamir’s strategy involves investing in scale-ups and growth-stage companies that demonstrate strong potential for value creation. As of the latest reports, Altamir's net asset value (NAV) stands at approximately €750 million.

In 2022, Altamir reported total income of approximately €40 million, with the breakdown as follows:

Management fees are charged based on the total committed capital, typically around 1.5% annually. In addition, Altamir earns performance fees (or carried interest) that are usually around 20% of profits generated above a specified return threshold (hurdle rate), which is often set at 8%.

The company’s investment strategy has successfully leveraged the growth of its portfolio companies. In 2021, for instance, Altamir’s portfolio achieved an average EBITDA growth of 12%, reflecting the effectiveness of its value creation initiatives.

Recent exits have significantly bolstered Altamir's financial position. For example, the sale of its stake in a leading healthcare technology firm yielded capital gains of approximately €30 million in 2022. This exit was part of an overall trend where Altamir aimed for liquidity events, capitalizing on favorable market conditions.

Further enhancing its revenue capabilities, Altamir maintains a diversified portfolio of approximately 15 active investments, ensuring a balanced risk profile while capturing growth across different sectors. The top three investments as of 2022 accounted for nearly 50% of the total NAV:

Additionally, Altamir benefits from strong relationships with operational partners, facilitating value creation through strategic guidance and operational improvements. The company’s long-term focus and disciplined investment approach enable it to navigate market fluctuations effectively, ensuring sustained revenue streams even during economic downturns.

As of the end of 2022, Altamir's return on equity (ROE) stands at 12%, which showcases its ability to generate profits relative to shareholders' equity. This metric is critical for assessing the profitability of the investments made and the overall efficacy of the company's strategy in wealth generation.