Taliance Group’s cloud-based alternative investment software was a crucial factor in the acquisition
Commercial real estate services provider Altus Group has announced its acquisition of Paris-based collaborative solutions provider Taliance Group for around $31 million.
Upon the closing of the deal, approximately $27.6 million was drawn from the revolving term facility, and about $3.4 million of common shares were issued from treasury.
Taliance’s cloud-based alternative investment software, which is used by many important investment segment players, was a crucial factor in the Altus acquisition.
“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,” Altus Group CEO Robert Courteau said.
Altus outlined the projected windfall of the acquisition, as follows:
- The addition of Taliance’s software solutions to deliver a comprehensive investment management capability that provides flexibility and transparency to manage the most complex investment structures and scenarios
- Immediately allows Altus’s ARGUS Enterprise 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
- Expands Altus’s position in Europe and provides a foundation for growth in the fund management segment of the market globally