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Announced

Equisoft to acquire Altus.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

United Kingdom

Majority

Acquisition

Friendly

Financial Data and Systems

Pending

Private

financial services

Cross Border

Synopsis

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Equisoft, a global digital solutions provider to the financial industry, agreed to acquire Altus, a financial services firm. Financial terms were not disclosed. ''The new combined expertise of Equisoft and Altus positions us to lead the UK pension transfer market and makes us a strong contender in the European market. Joining the forces of both companies, each founded on entrepreneurial values, will allow us to better serve our clients by automating complex back-office processes across the investments value chain. These include investment portfolio transfers, pension fund trading, pension payroll and tax reporting.'' Luis Romero, Equisoft Founder and CEO.

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