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Provider: Reuters Investment Profile

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Altamir Amboise Sca Announces Acquisition of Cole Haan from Nike Inc via Participation in Apax VIII Private Equity Fund

Monday, 19 Nov 2012 12:21pm EST 

Altamir Amboise Sca announced that it has committed to its second investment outside of French-speaking Europe via its investment in Apax VIII, a private equity fund advised by Apax Partners LLP. Apax Partners LLP has entered into a definitive agreement to acquire Cole Haan LLC, a designer and retailer of premium footwear and related accessories, from Nike Inc for USD 570 million in cash. The transaction is expected to close in early 2013. The size of Altamir Amboise's participation in Cole Haan, and in all investments made by the Apax VIII fund, will be four to five times smaller than investments made via Apax France VIII-B. This is due to: the different commitment levels made to each fund, a commitment of up to EUR 90 million in Apax VIII, versus a commitment of up to EUR 280 million in Apax France VIII-B; and the number of investments expected to be made by each fund, 20 in Apax VIII, versus 12 to 15 in Apax France VIII-B. 

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