Brief: Tiedemann Group, Alvarium Investments To List On Nasdaq Via Deal With Cartesian Growth Corporation

AlTi Global

20/09/2021 12:29

Sept 20 (Reuters) - Cartesian Growth Corp  GLBL.O :
    * TIEDEMANN GROUP AND ALVARIUM INVESTMENTS ANNOUNCE
TRANSACTION TO
FORM ALVARIUM TIEDEMANN HOLDINGS AND LIST ON NASDAQ VIA BUSINESS
COMBINATION WITH CARTESIAN GROWTH CORPORATION
    * CARTESIAN GROWTH CORP - COMBINED COMPANY IS EXPECTED TO
HAVE
POST-TRANSACTION EQUITY VALUE OF APPROXIMATELY $1.4 BILLION
    * CARTESIAN GROWTH - FOLLOWING CLOSING, WHICH IS ANTICIPATED
IN Q1
2022, ALVARIUM TIEDEMANN'S COMMON STOCK WILL BECOME PUBLICLY
TRADED ON NASDAQ
    * CARTESIAN - INVESTORS, STRATEGIC PARTNERS FROM TIEDEMANN,
ALVARIUM, COMMITTED TO BUY ABOUT $165 MILLION OF SHARES OF
COMMON STOCK OF CO IN PIPE
    * CARTESIAN GROWTH CORP - CARTESIAN HAS $345 MILLION OF CASH
IN
ITS TRUST ACCOUNT.

Source text for Eikon:  ID:nBwJ7jFfa 
Further company coverage:  GLBL.O 

 ((Reuters.Briefs@thomsonreuters.com;))