Corporate | 24 January 2013 14:05
|
Altira AG / Key word(s): Disposal
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.
End of Corporate News 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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@altira-group.de | |
| Internet: | www.altira-group.de | |
| ISIN: | DE0001218063 | |
| WKN: | 121806 | |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News-Service |
|
|
| 199801 24.01.2013 |