Investment firms Tiedemann, Alvarium close to merging, going public via SPAC -WSJ

AlTi Global

19/09/2021 23:28

Sept 19 (Reuters) - Investment companies Tiedemann Group and
Alvarium Investments Ltd are on the verge of a deal to merge and
go public through a special purpose acquisition company, the
Wall Street Journal reported https://on.wsj.com/3tSlUZD on
Sunday, citing people familiar with the matter.
    The combined investment firm, Alvarium Tiedemann Holdings,
will be valued at about $1.4 billion in the deal with the SPAC
Cartesian Growth Corp  GLBL.O , the report said.
    According to the report, the merger could be announced as
soon as this week, with Alvarium Tiedemann expected to have
about $54 billion in assets under management and advisement
after combining Tiedemann’s U.S. focus with Alvarium’s global
presence.
    Both Tiedemann and Alvarium did not immediately respond to
Reuters requests for comments.

 (Reporting by Vishal Vivek in Bengaluru; Editing by Peter
Cooney)
 ((Vishal.Vivek@thomsonreuters.com;))