Tata Consultancy Services Netherlands B.V. agreed to acquire Alti SA from CIC LBO Fund, FCPR, fund managed by CM-CIC LBO Partners, IDI Mezzanine, FCPR managed by Groupe IDI (ENXTPA:IDIP) and management for €75 million in cash on April 8, 2013. Alti SA reported revenues of €126 million in 2012. The transaction is subject to regulatory approval and other customary closing conditions and is expected to complete by first quarter of 2013. BNP Paribas Corporate Finance acted as financial advisor for TCS. Samira Friggeri, Patrick Douin, Claire Guionnet-Moalic of Orsay Avocats Associés acted as legal advisor to Alti SA, CIC LBO Partners and IDI. Olivier Boumendil, Sophie Bougerolle of KPMG Corporate Finance France acted as financial advisors and Shearman & Sterling LLP acted as legal advisor to Tata Consultancy Services Netherlands B.V. Virginie Lazès, Thibaut de Smedt, Alexandre Boukhari, Jonathan Foiret Hurbin of Bryan Garnier & Co acted as financial advisors to CM-CIC LBO Partners and Groupe IDI and other sellers..

Tata Consultancy Services Netherlands B.V. completed the acquisition of Alti SA from CIC LBO Fund, FCPR, fund managed by CM-CIC LBO Partners, IDI Mezzanine, FCPR managed by Groupe IDI (ENXTPA:IDIP) and management for €64.2 million on June 28, 2013.