Completion of the acquisition of a majority stake by Mannai Corporation

Completion of the acquisition of a majority stake by Mannai Corporation

Strengthened shareholding structure to make Gfi Informatique a leader in computer services and software products within the EMEA region.

Saint-Ouen (France), 22 June 2016 - Gfi Informatique announces today the completion of the friendly acquisition of a majority stake by Mannai Corporation.

Release date :

Saint-Ouen (France), 22 June 2016 - Gfi Informatique announces today the completion of the friendly acquisition of a majority stake by Mannai Corporation.

Mannai Corporation increased its equity stake following the purchase from Apax France, Altamir and Boussard & Gavaudan of the number of additional shares required in order to reach a 51% equity and voting rights stake in Gfi Informatique (on a fully diluted basis).
With this transaction, Mannai Corporation reaffirms its commitment to accelerate Gfi Informatique’s strategy of growth and international expansion, alongside the existing management team and shareholders, Apax France, Altamir and Boussard & Gavaudan, in order to make Gfi Informatique a leader in IT services and software products within the EMEA zone (Europe, Middle East, Africa).

Vincent Rouaix, Chairman and Chief Executive Officer of Gfi Informatique, said: “Following the completion of the transaction, Gfi Informatique has a stronger shareholding structure. The support of Mannai, our long-term shareholder and industrial partner, as well as of the Group’s historical shareholders, is a tremendous opportunity to accelerate the ongoing strategic plan, for the Group and for its teams. The confidence shown by our customers also confirms the Group’s development priorities, which are aimed at strengthening its presence in solutions and on the international front”.

As of today, the shareholding structure of Gfi Informatique, which remains listed on the Euronext Paris regulated market (Compartment B), is divided as follows (on a non diluted basis): please see more details in the attached report.

About Gfi Informatique
Gfi Informatique is a major player in value-added IT services and software in Europe, and through its differentiated approach occupies a strategic position between 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 close to 12,000 employees and generated revenue of €894 million in 2015.
Gfi Informatique is listed on the Paris Euronext (Compartment B) - ISIN: FR0004038099.

About Mannai Corporation
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 6,100 employees within its group of companies. In addition to Qatar, the conglomerate has a presence today in GCC, India & Turkey. As of December 31st 2015, Mannai Corporation recorded 1.48 billion euros in revenue and a 133 million euros net profit. Mannai Corporation is listed on the Qatar Exchange since 2007 (QE: MCCS).

About Apax France
Apax France is a leading private equity firm in French-speaking European countries. With more than 40 years of experience, Apax France provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax France exceed €3 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation.
TMT: Altran, Cabovisão-ONI, Gfi Informatique, Infovista, Marlink, Melita, and Vocalcom Retail & Consumer: ALAIN AFFLELOU, Europe Snacks, Groupe Royer and THOM Europe (Histoire d’Or, Marc Orian, and TrésOr) Healthcare: Amplitude Surgical and Unilabs Services: Groupe INSEEC, Marlink, SK FireSafety and TEXA - @ApaxPartners_Fr

About Altamir
Altamir (Euronext Paris-B, LTA) is a listed private equity company with more than €650m 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:

About Boussard & Gavaudan
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 €2.7 billion. The Group has 65 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.

  1. Itefin Participations is a holding company, in which Apax and Altamir funds hold a majority stake.
  2. The total number of shares takes into account the exercise by Mannai Corporation of the 590,505 Gfi Informatique convertible warrants to subscribe for and/or acquire new and/or existing shares (“BSAAR”) tendered to the simplified cash tender offer.

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