Altus Group in talks to acquire Finance Active for about €100M

Canada-based Altus Group Ltd. said it entered into exclusive negotiations to acquire Finance Active SAS for a proposed purchase price in the range of €100 million.

The target company is a European provider of software-as-a-service debt and financial risk management solutions for commercial real estate treasury and investment management serving public sector entities, corporations and financial institutions.

The deal, if completed, is expected to conclude in the second quarter. The company noted that there can be no assurance that the parties will reach an agreement on all terms and the deal will go through.

Altus Group is a provider of software, data solutions and independent advisory services to the global commercial real estate industry.