On November 11, 2021, Altus Group Limited, a leading provider of software, data solutions, and independent advisory services to the global commercial real estate (CRE) industry, announced that it has signed a definitive agreement to acquire Reonomy, a fast-growing, AI-powered data platform for the CRE industry, for $201.5 million, subject to adjustments. Wilson Sonsini is advising Altus on the transaction.

The acquisition accelerates Altus’ innovation and data strategy to solve key CRE challenges with real-time data-driven insights, predictive analytics, and alert capabilities. It also expands Altus’ CRE data and analytics capabilities with complementary and synergistic offerings that can be scaled globally while having the potential to substantially increase the company’s total addressable market. The transaction is expected to close on November 12, 2021.

The Wilson Sonsini team representing Altus in the acquisition includes:

Corporate/M&A
Mark Holloway
Mike Labriola
Dennise Martinez
Eleanor Bleecker

Tax
Myra Sutanto Shen
Nika Antonikova

Technology Transactions
Jennifer McGrew
Barclay Oudersluys
Jon-Paul Berexa

Privacy and Cybersecurity
Matt Staples
Daniel Chen
Dantam Le

Employee Benefits
Michael Montfort
Jason Chan

Employment Law
Alison Renner
Quinn Christie

National Security
Anne Seymour
Seth Cowell
Kara McDonough

Patents and Innovations
Scott Burkette

Real Estate
Jim McCann

For more information, please see Altus’ press release.