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Apax Partners becomes a key shareholder in Alma Consulting Group


Paris, 21 November 2005 – The funds managed by Apax Partners France have just signed an agreement to take a significant equity stake in Alma Consulting Group. The transaction is made in partnership with the management team led by Marc Eisenberg, Chairman and founder of the company in 1986. Chequers Capital, a shareholder since 2001, keeps a reduced equity stake.

The deal, which is still subject to approval by the DGCCRF (French competition & anti-trust authorities), should be closed by the end of the year.

Alma Consulting Group is the leading company in Europe to provide advisory services aimed at reducing costs in the following areas: social costs (social charges, absenteeism, prevention, etc.), tax-related costs (fixed assets, environment, real estate), operating costs (telecommunications expenses, energy, car fleet) and innovation financing (R&D tax credits, national and European subsidies).

In 2004, the company had €67.5 million in turnover in these business activities, which have posted an annual growth rate above 20% for several years. Its turnover should exceed €100 million in 2005. It is operating in five countries (France, Belgium, Spain, Poland and Israel), it employs a workforce of 535 and has nearly 9,000 clients, including 60% of France's 200 largest companies.

'Alma Consulting Group has demonstrated the effectiveness of its economic model and its ability to manage and implement acquisitions. We are very happy to partner with such a dynamic and innovative company. We hope to provide the support and financial resources necessary to consolidate its leading position and to benefit from all the growth acquisition opportunities in France and abroad,' says Monique Cohen, Partner at Apax Partners.

'We are delighted to partner with a major name in private equity like Apax. We will be backed by its expertise in the business services sector and by its international network in supporting the ambitious growth plan we have set for the company (new acquisitions and expansion in new European markets). We share the same culture with our new partner, whose arrival will ensure the continuation of our business model while helping us to expand more quickly,' says Marc Eisenberg, Chairman of Alma Consulting Group.

Bank financing is being arranged by RBS.


About Alma Consulting Group
Alma Consulting Group, an operational advisory services firm founded in 1986 by its Chairman Marc Eisenberg, is engaged in identifying and generating tangible savings for business.

Its expertise covers four major areas in terms of identifying and reducing costs: lowering social costs, tax-related costs, operating costs and innovation financing (national and European subsidies).

Alma Consulting Group has introduced a success-based fee system and bills its clients only for cost savings achieved. With this system, clients can share in the gains without paying auditing, research, implementation and monitoring costs.

Every year, the clients of Alma Consulting Group benefit from several hundred million euros in cost savings not previously identified by them.

Alma Consulting Group's success-based fee system, which explains the company's leading position in its market, is a direct reflection of its performance in terms of identifying and achieving greater savings.

The company had €67.5 million in turnover in 2004, is operating in five countries (Belgium, Poland, Spain, France and Israel) through its subsidiaries, employs a workforce of 535 (including 205 consultants) and has nearly 9,000 clients, including 60% of France's 200 largest companies.

Since 1992, Alma Consulting Group has been certified by the OPQCM (Professional Office for the Certification of Management Consultants) and certified under the new ISO 9001 standard. For further information, see the website: www.almacg.com.


About Apax Partners
Apax Partners is one of the world’s leading private equity investment groups, operating across Europe, Israel and the U


Publisher Contact Information:

Apax Partners
+33 (0)1 53 65 01 35
agathe.heinrich@apax.fr

Company profile of Apax Partners
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