Following the announcements on 10 May 2017 and on 19 June 2017, Mannai Corporation, Apax France, Altamir and Boussard & Gavaudan, acting in concert and currently holding c. 95% of the share capital and voting rights of Gfi Informatique, announce today that Mannai Corporation acquired from Boussard & Gavaudan, through an off-market transaction, 11,231,313 shares in Gfi Informatique at a price per share of €8.00, representing c. 17% of the share capital and voting rights of Gfi Informatique.
Following this acquisition, Mannai Corporation holds c. 81%, Apax France/Altamir hold c. 6% and Boussard & Gavaudan holds c. 9% of the share capital and voting rights of Gfi Informatique.
Mannai Corporation will further acquire off-market from Apax France, Altamir and Boussard & Gavaudan a stake representing c. 15% of the share capital and voting rights of Gfi Informatique in 2018, subject to the applicable regulatory approvals.
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 14,000 employees and generated revenue of € 1,015 million in 2016. Gfi Informatique is listed on the Paris Euronext (Compartment B) – ISIN Code: FR0004038099.
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, jewelry retailing, heavy equipment distribution and services and engineering services to the oil and gas sector. Mannai Corporation employs over 5,700 employees within its group of companies. In addition to Qatar, the conglomerate has a presence today in GCC, India & Turkey. As of December 31st 2016, Mannai Corporation recorded 1.27 billion euros in revenue and a 139 million euros net profit. Mannai Corporation is listed on the Qatar Exchange since 2007 (QE: MCCS).
Apax Partners is a leading private equity firm in Europe. With more than 45 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation.
TMT: Altran, Gfi Informatique, InfoVista, Melita, Nowo-ONI and Vocalcom
Consumer: Europe Snacks, Groupe AFFLELOU, Groupe Royer, Sandaya, and THOM Europe (Histoire d’Or, Marc Orian, TrésOr, Stroili and Oro Vivo)
Healthcare: Amplitude Surgical
Services: CIPRES Assurances, Groupe INSEEC, Marlink and SK FireSafety
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
Created in 2002 by Emmanuel Boussard and Emmanuel Gavaudan, Boussard & Gavaudan is an independent asset manager wholly owned by his founders and partners. The funds managed and advised by Boussard & Gavaudan are around €4.6 billion. The Group has 71 recognized professionals, from which 18 traders and 8 analysts. Boussard & Gavaudan distinguishes itself by its entrepreneurial, proactive and independent spirit, ensuring an objective investment process.
Mannai Corporation – Havas Paris
Daniel Saltsman – + 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