FRANCE - CIC and IDI take Alti private

CIC LBO Partners and IDI will control a 54.7% interest in Financière Alti via sub holding company Alti Partenariat, of which they hold 75% and 25% respectively. The remaining 45.3% of the share capital will be held by founders Michel Hamou and André Bensimon and the company’s employees. Senior debt for the deal was provided by Banque Palatine, while IDI Mezzanine provided a mezzanine tranche.

Financière Alti initially acquired 51.17% of Financière Alti in July 2007 and launched a takeover bid for the remaining shares at a unitary price of EUR 33, equating to a market capitalisation of approximately EUR 74m. Alti, founded in 1995, achieved revenues of EUR 102m in 2007 and currently employs 1200 staff.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France