Altus boosts European footprint with acquisition of Taliance

Canadian commercial real estate services provider Altus has announced the acquisition of Paris-headquartered Taliance in a €20 mln deal which will boost the group's position in Europe.

Taliance is a provider of cloud-based alternative investment software used by some of the largest investment firms worldwide, allowing them to improve their modelling, forecasting and risk management processes in real time. Based in Paris, Taliance also has offices in London and New York. Its clients include firms who invest directly or indirectly in all forms of alternative investment asset classes, including real estate, private equity, debt and infrastructure.

Altus said it will integrate Taliance's team of 27 professionals, including its founder and CEO Guillaume Fiastre, into its Altus Analytics software and data division. The Canadian firm will also integrate its asset and portfolio management arm, Argus Enterprise, within Taliance for an enhanced service offering.

'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, CEO of Altus Group.

'We are excited to be joining Altus Group -  together we will bring greater value to clients around the world,' said Guillaume Fiastre, CEO 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 paid a total of €20.0 mln in cash and common shares, or a revenue multiple of 4.3x, for Taliance. The acquisition is expected to positively contribute to Adjusted EBITDA in early 2019.


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