Altamir SCA (ENXTPA:LTA) along with the management of THOM, Olivier Bertrand and others agreed to acquire THOM Europe S.A.S. from Altamir SCA (ENXTPA:LTA), Bridgepoint SAS and Amboise SAS for €1 billion ($1.2 billion) on January 25, 2021. Post completion, Altamir will own 40%. The transaction generates proceeds of approximately €104 million for Altamir's share.

At the close of the transaction, Altamir will have only one remaining investment in its historical portfolio, alongside the Apax France VII Fund. The transaction will be financed with €620 million of high yield bonds with two tranches of €370 million and €250 million, both maturing in 2026. These tranches were issued by Goldstory, Altamir SCA's holding company.

The proceeds from the issue were placed in receivership pending completion of the acquisition. The transaction is expected to close in March 2021. David Aknin and Alexandra Stoicescu of Weil, Gotshal & Manges LLP, Paris acted as legal advisor to Altamir, and Olivier and other investors.

Matthieu Lampel of DLA Piper France LLP acted as legal advisor to THOM Europe. Cravath, Swaine & Moore LLP, Bredin Prat & Associes, Arsène-Cabinet d'Avocats and Gianni, Origoni, Grippo, Cappelli & Partners acted as legal advisors to Goldstory, parent company of Altamir SCA. Thomas Margenet-Baudry, Roberto Reyes Gaskin, Lionel Dechmann, Olivia Rauch-Ravisé and Marcello Bragliani of Latham & Watkins acted as legal advisors to JP Morgan, BNP Paribas, ING Bank and Société Générale on financing the transaction.