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  • Altus Group Limited (AIF) has finalized a deal to acquire Finance Active SAS
  • Finance Active is a leading provider of debt management SaaS solutions for treasury and investment management
  • The deal was first announced on March 9, 2021
  • The purchase price of the deal was approximately C$157.7 million and remains subject to adjustments
  • Altus Group is up 0.28 per cent on the day, with shares of the company trading at $C60.61 at 11:22 am ET

Altus Group Limited (AIF) has finalized a deal to acquire Finance Active SAS.

Finance Active is a leading provider of debt management SaaS solutions for treasury and investment management.

Altus Group is a global provider of commercial real estate software, data solutions and services.

The acquisition is in line with Altus Group’s current strategy.

Accelerating the company’s expansion and speed-to-market in the debt asset class and enhancing its global commercial real estate software asset and investment management capabilities with a market leading debt management SaaS solution fall within the company’s strategic plans.

Altus Group also sees the move as a way to continue growing the company’s geographic footprint in Europe, and “enhance Altus Analytics’ recurring revenue base and growth profile.”

The agreement was first announced on March 9, 2021.

“The acquisition of Finance Active is a critical step to accelerate our growth in the debt asset class, a high-value adjacency that fits very well with our strategic roadmap and addresses client demand. Expanding our offerings into debt management will enable our customers to have a 360-degree view of their investments, helping them maximize value and better manage risk performance. We look forward to combining our talented teams and complementary solutions to better serve our clients,” said Altus Group CEO Mike Gordon.

Founded in 2000, Finance Active is a leading European provider of debt management and financial risk management SaaS solutions for treasury and investment management serving public, corporate and financial institutions.

The transaction is expected to strengthen the Altus Group’s recurring revenue base while providing opportunities for both acquisitive and organic growth.

The purchase price of the deal was approximately C$157.7 million and remains subject to adjustments. On closing, Altus Group paid a total of approximately C$132.1 million in cash and also issued 303,177 common shares to certain members of Finance Active’s management team, in consideration of the acquisition of their shares.

Altus Group is up 0.28 per cent on the day, with shares of the company trading at $C60.61 at 11:22 am ET.

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