TORONTO and PARIS, July 03, 2018 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group” or “the Company”)
(TSX:AIF), a leading provider of commercial real estate services, software and data solutions to the global commercial real estate
industry, announced today that it has acquired Taliance Group (“Taliance”) for €20.0 million (approximately C$31.0 million).
Taliance is a best-in-class and rapidly-growing provider of cloud-based alternative investment software used by some of the largest
investment firms worldwide.
The acquisition has a number of key benefits for Altus Group:
- The addition of Taliance’s software solutions delivers a comprehensive investment management capability that provides
flexibility and transparency to manage the most complex investment structures and scenarios;
- Immediately allows Altus Group’s ARGUS Enterprise, the global standard for asset and portfolio management, to be deployed and
integrated with Taliance, enabling clients to model equity and debt investments, provide waterfall distribution reporting and
gain valuable insights into risks and opportunities to maximize investor returns; and
- Expands the Company’s position in Europe and provides a foundation for growth in the fund management segment of the market
globally.
“The acquisition of Taliance broadens our global asset and portfolio management offerings, while immediately
increasing our market share in Europe. By combining the best-in-class capabilities of ARGUS with Taliance, we’re able to provide
clients globally with a compelling end-to-end solution for managing performance at any level – asset, investment, fund and
investor,” said Robert Courteau, Chief Executive Officer of Altus Group. “With a proven track record and solid industry reputation,
we’re pleased to welcome Taliance’s impressive team to Altus Group.”
Taliance provides cloud-based collaborative business solutions to alternative investment firms globally allowing
them to improve their modelling, forecasting and risk management processes in real time. Taliance’s clients include firms who
invest directly or indirectly in all forms of alternative investment asset classes, including real estate, private equity, debt and
infrastructure. Based in Paris, Taliance also has offices in London and New York. Its team of 27 professionals, including its
founder and CEO Guillaume Fiastre, will be integrated into the Company’s Altus Analytics software and data division, strengthening
global sales and development resources.
“We are excited to be joining Altus Group - together we will bring greater value to clients around the
world,” said Guillaume Fiastre, Chief Executive Officer of Taliance. “Commercial real estate firms and investors are faced with a
growing level of complexity around investment and fund management. The combined capabilities of both Taliance and ARGUS Enterprise
provide a comprehensive global asset and investment management platform in one solution.”
Altus Group paid a total of €20.0 million (approximately C$31.0 million) in cash and common shares. On closing,
€17.8 million (approximately C$27.6 million) was drawn from the revolving term facility and €2.2 million (approximately C$3.4
million) of common shares were issued from treasury. On a TTM basis, the revenue multiple at the time of acquisition is
approximately 4.3x. The acquisition is expected to positively contribute to Adjusted EBITDA in early 2019.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the
global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a
range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value
on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations
in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus
Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
Forward-Looking Information
Certain information in this press release may constitute “forward-looking information” within the meaning of
applicable securities legislation. All information contained in this press release, other than statements of current and historical
fact, is forward-looking information. Forward-looking information includes information that relates to, among other things,
the expected benefits from the acquisition of Taliance, objectives, strategies and intentions, and future financial and operating
performance and prospects. Generally, forward-looking information can be identified by use of words such as “may”, “will”,
“expect”, “believe”, “plan”, “would”, “could” and other similar terminology. All of the forward-looking information in this press
release is qualified by this cautionary statement. Forward-looking information is not, and cannot be, a guarantee of future
results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses
that, while considered reasonable by Altus Group at the date the forward-looking information is provided, inherently are subject to
significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements,
industry results or events to be materially different from those expressed or implied by the forward-looking information.
Please consult Altus Group’s most recent regulatory filings on SEDAR for more information on the Company’s forward-looking
statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Altus Group Limited
Ali Mahdavi
Investor Relations
416-641-9710
ali.mahdavi@altusgroup.com
Altus Group Limited
Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com