Altus Group Completes Acquisition of Finance Active Solidifies Enlargement Into Financial debt Management SaaS Alternatives

TORONTO and PARIS, April 01, 2021 (Globe NEWSWIRE) — Altus Group Restricted (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a world service provider of professional actual estate (“CRE”) software, data answers and solutions, declared that it has completed the transaction to get Finance Lively SAS (“Finance Active”), a leading supplier of debt management SaaS remedies for treasury and financial investment management. The Business formerly introduced on March 9, 2021 that it had entered into an arrangement to buy Finance Lively.

The acquisition has a range of anticipated strategic added benefits for Altus Team, such as:

  • Accelerating its enlargement and speed-to-market in the credit card debt asset course, an eye-catching adjacency with a sizeable and growing full addressable marketplace for its Altus Analytics business
  • Maximizing its global CRE asset and expenditure administration capabilities with a industry primary financial debt administration SaaS resolution, delivering for broadened access throughout buyer segments, use cases and workflows
  • Increasing the Company’s geographic footprint in Europe, a strategic market place for Altus Team, with a higher-doing and culturally aligned crew of close to 160 specialists and in excess of 3,000 program buyers
  • Maximizing Altus Analytics’ recurring profits base and expansion profile though furnishing eye-catching cross-offer synergies

“The acquisition of Finance Energetic is a critical phase to speed up our development in the credit card debt asset course, a higher-value adjacency that suits incredibly very well with our strategic roadmap and addresses customer desire,” mentioned Mike Gordon, CEO of Altus Group. “Expanding our choices into personal debt administration will help our buyers to have a 360-diploma perspective of their investments, helping them maximize value and greater deal with hazard functionality. We look ahead to combining our talented groups and complementary methods to much better provide our clientele.”

“As the founders of Finance Lively, Jacques Descourtieux and I are exceptionally very pleased of what our crew has constructed and completed in excess of the previous two many years in developing a current market foremost treasury and investment management alternative,” explained Patrice Chatard, co-founder and co-CEO of Finance Lively. “Joining Altus Group represents an fascinating new chapter for Finance Active, positioning us for continued advancement and innovation by maximizing the worth we can supply for our esteemed customers and our team, and fueling our growth into new markets.”

Founded in 2000, Finance Energetic is a major European provider of debt administration and money danger administration SaaS solutions for treasury and investment decision management serving general public, corporate and economical institutions. Employing its multi-tenant and API-welcoming SaaS cloud platform, its alternatives assist purchasers digitize and automate time-consuming and complicated tasks with a centralized perspective of real-time money details and a vast array of checking, valuation, reporting and benchmarking instruments. The firm is headquartered in Paris, France, with a wide geographic footprint in Europe including about 3,000 customers ranging from tiny-to-medium organizations to massive, global establishments. Finance Active’s group of approximately 160 gurus will be integrated with the Company’s Altus Analytics organization.

The transaction is envisioned to strengthen the Company’s recurring profits foundation though supplying possibilities for each acquisitive and natural and organic development to Altus Group’s 2021 revenues and Modified EBITDA. As a current market leader, Finance Energetic has steadily been escalating its topline, producing gross profits of about €25. million (somewhere around C$38.3 million) in 2020. Supported by multi-12 months subscription contracts and a mid-90{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} gross retention amount, about 90{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} of Finance Active’s revenues are recurring, dependable with Altus Group’s More than Time profits definition. More than the past a few a long time Adjusted EBITDA margins have been in the 20{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} range. As required by IFRS, Altus Team will have an accounting adjustment on Finance Active’s deferred revenues in 2021 which will also influence the Modified EBITDA margins in 2021 in advance of they return to a extra normalized run-charge in 2022. Longer time period, with the increased progress profile delivered by joining Altus Group, Finance Active’s profitability and Adjusted EBITDA margins are anticipated to improve. The acquisition is anticipated to be fiscally accretive to Altus Group’s adjusted EPS beginning in 2022.

The buy cost of this acquisition was somewhere around €106.5 million (roughly C$157.7 million), topic to adjustments. On closing, Altus Group compensated a complete of €89.2 million (approximately C$132.1 million) in cash, funded by drawing down on the Company’s credit score facility. In addition, Altus Team issued 303,177 common shares to selected associates of Finance Active’s administration team, in consideration of the acquisition of their shares. These popular shares will be held in escrow and will vest and be released around 3 yrs on each and every anniversary of the closing date, matter to ongoing employment and compliance with particular phrases and situations. As portion of the purchase price tag, €4.8 million of hard cash (around C$7.1 million) is payable over two years right after closing, matter to particular ailments getting achieved.

About Altus Group Confined

Altus Group Confined is a primary service provider of software, information options and independent advisory providers to the world-wide business genuine estate field. Our companies, Altus Analytics and Altus Business True Estate Consulting, replicate decades of practical experience, a vary of experience, and technological know-how-enabled abilities. Our solutions empower clients to evaluate, attain insight and recognize price on their authentic estate investments. Headquartered in Canada, we have roughly 2,300 staff members all around the entire world, with functions in North The united states, Europe and Asia Pacific. Our shoppers include several of the world’s premier industrial real estate industry contributors. Altus Team pays a quarterly dividend of $.15 for each share and our shares are traded on the Toronto Inventory Exchange below the image AIF.

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Forward-On the lookout Facts

Certain info in this push release might constitute “forward-seeking information” within just the meaning of applicable securities laws. All data contained in this press launch, other than statements of current and historical reality, is forward-hunting data. Forward-searching information and facts includes, but is not restricted to, Altus Group’s beliefs and anticipations with regards to the acquisition of Finance Energetic and the operational and financial prospective clients and other anticipations relevant thereto, advantages that would be afforded to prospects, benefits that are envisioned to be attained as a result of the proposed transaction and the Company’s potential to enrich shareholder worth as a result of, among
the other things, the acceleration of Altus Group’s enlargement and pace-to-market into in the debt asset course, the enhancement of Altus Group’s world CRE asset and financial investment management abilities, the growth of the Company’s geographic footprint in Europe, the enhancement of the Company’s Altus Analytics’ recurring income foundation as very well as the provision of cross-market synergies with the Company’s valuation administration, data analytics and ARGUS application solutions and the improve of Finance Active’s profitability and Adjusted EBITDA margins. Commonly, forward-seeking info can be recognized by use of terms this kind of as “may”, “will”, “expect”, “believe”, “plan”, “would”, “could” and other similar terminology. All of the ahead-seeking information in this press launch is certified by this cautionary assertion.  

Forward-looking info is not, and are not able to be, a assure of potential outcomes or occasions. Ahead-on the lookout facts is based on, among the other items, opinions, assumptions, estimates and analyses that, whilst considered affordable by Altus Group at the date the forward-hunting information and facts is provided, inherently are subject matter to important threats, uncertainties, contingencies and other variables that may well lead to actual results, performance or achievements, field results or activities to be materially distinctive from people expressed or implied by the forward-hunting facts. The substance things or assumptions that ended up identified and were applied by Altus Group in drawing conclusions or producing forecasts or projections set out in the ahead-seeking data contain, but are not confined to: to the total addressable current market for the Company’s Altus Analytics company, as properly as Altus Group’s enterprise and running initiatives its expectations of long run general performance for its different enterprise units, the effective execution of Altus Group’s enterprise tactics (such as the achievements of its initiatives associated to Finance Lively) regular and steady economic ailments or problems in the monetary marketplaces regular and steady laws in the a variety of nations around the world in which Altus Team operates no disruptive adjustments in the engineering natural environment the chance to acquire accretive companies the successful integration of Altus Group’s firms and the continued availability of qualified experts. Forward-on the lookout facts is also subject to a amount of threats, which include but not confined to: the response of Altus Group and Finance Active’s customers, staff and suppliers to the transaction the potential to immediately and efficiently combine the enterprise and management of Finance Energetic with Altus Group the diversion of administration time on transaction-related issues. Be sure to check with Altus Group’s most modern regulatory filings on SEDAR for extra information on the Company’s forward-seeking statements and for added risks relating to the Organization.

Presented these hazards, uncertainties and other things, investors should not put undue reliance on forward-seeking facts as a prediction of true outcomes. The forward-wanting information reflects management’s latest expectations and beliefs concerning long run events and running performance and is centered on information presently out there to administration. Though Altus Team has tried to identify significant things that could bring about precise success to vary materially from the ahead-seeking data contained herein, there are other factors that could bring about outcomes not to be as anticipated, believed or meant. The forward-wanting information and facts contained herein is present-day as of the date of this press release and, except as needed underneath applicable regulation, Altus Team does not undertake to update or revise it to mirror new occasions or conditions. Also, Altus Group undertakes no obligation to remark on analyses, anticipations or statements designed by 3rd get-togethers in regard of Altus Group, its monetary or running results, or its securities.

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Altus Group Constrained

Camilla Bartosiewicz
Vice President, Trader Relations
[email protected]

Elizabeth Lambe
Senior Supervisor, Worldwide Communications
[email protected]

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