Exclusive-Canadian Real Estate Software Provider Altus Group Explores Sale, Sources Say
Altus Group's revenue growth forecast was lowered due to weak appraisals and muted transaction activity, amid interest from private equity firms seeking to take the company private.
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4 Articles
Exclusive-Canadian real estate software provider Altus Group explores sale, sources say
Altus Group, a Canadian software and data analytics provider focused on the real estate industry, is exploring a potential sale after receiving inbound acquisition interest, two people familiar with the matter said on Tuesday.The Toronto-based company is working with investment bankers, who in recent weeks ha
Altus Group In “Strategic Review” That Could Result In Sale
Less than a week after releasing its second-quarter earnings, which showed that revenues from its appraisals and development advisory services are down, Toronto-based provider of real estate analytics Altus Group has revealed that it is in a period of review that could culminate in a sale. “Altus Group periodically undertakes a strategic review to maximize stakeholder value. The Company is in the process of a review, which includes but is not li…
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