(News Bulletin 247) – The private equity company Altamir reported on Friday evening that it would maintain a good level of activity in 2022 in a geopolitical and economic context deemed to be ‘degraded’.
The company, which works with funds managed by Apax Partners, says it invested 184.5 million euros over the year, compared to 368.8 million in 2021), including 129.4 million euros in nine new companies. .
At the same time, Altamir recorded 123.9 million euros in proceeds from disposals over the year, compared to 636 million in 2021, including 36.1 million from five total disposals.
In a press release, the company explains that the private equity market experienced a significant slowdown in 2022 in an environment marked by the decline in equity markets, the return of inflation and the rise in interest rates.
Altamir explains that the valuations of companies, which had reached very high levels, are adjusting due to the drop in multiples and that managers are waiting for them to return to more reasonable prices to position themselves on opportunities of investment.
As of December 31, 2022, its portfolio included 69 holdings, including 28 in the technology and telecommunications sector.
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