OREANDA-NEWS. June 23, 2016. Completion of the acquisition by Mannai Corporation of a majority stake in Gfi Informatique: acquisition by Mannai Corporation from Apax France, Altamir and Boussard & Gavaudan of an additional c. 10.4% stake in Gfi Informatique.

Following the announcement on 8 April 2016 and the publication of the simplified cash tender offer results on 16 June 2016, Mannai Corporation, Apax France, Altamir and Boussard & Gavaudan announce today the acquisition by Mannai Corporation from Apax France, Altamir and Boussard & Gavaudan of a number of additional shares that represents c. 10.4% of the share capital and voting rights of Gfi Informatique (on a fully diluted basis) at a price per share of €8.50. Mannai Corporation thus completes the last step of its transaction aimed at reaching a stake of 51% of the share capital and voting rights of Gfi Informatique (on a fully diluted basis).

By holding a majority stake Mannai Corporation provides Gfi Informatique with a long-term shareholder who is an expert in the IT services industry and an effective partner capable of supporting the company's growth, in particular in the Middle East.

With this transaction, Mannai Corporation reaffirms its commitment to accelerate Gfi Informatique's international growth, alongside the existing management team and shareholders, Apax France, Altamir and Boussard & Gavaudan, in order to make the company a leader in IT services and software products within the EMEA zone (Europe, Middle East, Africa).

Gfi Informatique remains listed on the regulated market of Euronext Paris (Compartment B).