DGAP-News: Altira Group: Fundraising in 'German Mittelstand & Restructuring' so far at over EUR 66mn ++ David Zimmer joins Management Board as head of finance

Altira AG / Miscellaneous

27.10.2009 

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DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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++ Fundraising in 'German Mittelstand & Restructuring' so far at over 
   EUR 66 million despite difficult market environment in 2009
++ David Zimmer joins Management Board as head of finance

Altira Aktiengesellschaft ('Altira Group') can point to significant
successes in fundraising even in the current challenging market environment
for private equity. CLEARSIGHT Investments AG which belongs to the Altira
Group wound up the successful interim closing of its private equity
restructuring fund at over EUR 66 million. The fund is targeting EUR 80
million by the end of the year. The hard close will be at EUR 100 million.
After an investment phase of two to three years, CLEARSIGHT Investments AG
expects a performance fee in the lower single-digit million range alone
from this product line starting in the third year.

To make sustainable use of current opportunities for business in the asset
management market, the Management Board of Altira AG is being expanded to
include David Zimmer (39).

As Chief Financial Officer (CFO) Zimmer will be responsible for Finance,
Legal Matters, Personnel and Risk Management and together with Andreas
Lange he will provide support for the Altira Group's investment team. He
succeeds Peter Brumm as CFO who now, together with his Management Board
colleague Christian Angermayer, can focus on project-related business
development issues. The new arrangement will make it possible to channel
the dynamic development of recent years even better.

David Zimmer's last position was that of Senior Investment Manager with
Waterland Private Equity Investments B.V., Düsseldorf, and before that he
was employed by T-Mobile International in strategy development.

Michael Rieder, CEO of Altira: 'We are very pleased to welcome David Zimmer
to the Management Board team. With his many years of experience in private
equity and in the sustained development of companies with strong growth
potential, he will be an ideal supplement to the Management Board of the
Altira Group and our investment team.'

++ About Altira Group

The Altira Group is an owner-managed, listed asset management company that
focuses on alternative investment strategies for institutional and private
investors. The Altira Group focuses on both established and newly
developing future-oriented growth markets. The specialised knowledge, many
years of experience and entrepreneurial thinking and action of the Altira
Group's investment teams allows them to apply an active investment approach
('high alpha strategies') to achieve sustainable above-average returns in
these markets.

Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier@altira-group.de




27.10.2009  |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]

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Language:     English
Company:      Altira AG
              Grüneburgweg 18
              60322 Frankfurt / Main
              Deutschland
Phone:        +49 (0)69 719 12 80 - 00
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; Entry Standard
              in Frankfurt
 
End of News                                     DGAP News-Service
 
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