DGAP-News: Altira AG sells 40-percent stake in Clearsight Investments AG to management
(firmenpresse) - DGAP-News: Altira AG / Key word(s): Disposal
Altira AG sells 40-percent stake in Clearsight Investments AG to
management
24.01.2013 / 14:05
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++ Since being founded in 2008, the private equity fund-of-funds boutique
Clearsight has successfully placed two funds with a total volume of around
Euro 255 million
++ Altira AG rapidly implementing previously announced process of focusing
on core business of 'German SME Financing'
Within its strategic realignment, Altira AG (Altira) has, with approval
from its Supervisory Board, sold its 40-percent stake in the Swiss-based
private equity fund-of-funds boutique Clearsight Investments AG
(Clearsight) to that company's management. The parties to the deal have
agreed to maintain confidentiality concerning the price. Upon
implementation of the transaction, Altira AG will no longer own any shares
in Clearsight Investments AG.
With its focus on 'German SMEs and Restructuring', Altira supported
Clearsight upon the foundation of its business in 2008, receiving 40
percent of the shares in Clearsight Investments AG in return.
Comments David Zimmer, CEO of Altira AG: 'Following its foundation,
Clearsight incepted an initial fund, successfully closing and investing
this with a volume of Euro 95 million at the beginning of 2010. Given the
strong performance of this fund, the company managed to fully place a
second fund with a volume of Euro 160 million with institutional investors
in 2011 already. We would like to thank the management for cooperating with
us on a basis of trust and wish Clearsight every success for the future.'
With this sale, Altira AG is pressing ahead with the rapid implementation
of focusing its investment activities on its core business of 'German SME
Financing', a process already announced at the end of 2012. Accordingly,
the overwhelming majority of the company's investments and subsidiaries is
to be independently positioned, developed further and, where appropriate,
sold.
Contact:
Altira Aktiengesellschaft
Sylvia Faber
Tel: +49 69 719 12 80 0
E-Mail: investor-relations(at)altira-group.de
End of Corporate News
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24.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: info(at)altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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199801 24.01.2013
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