Cartesian Growth today in a regulatory filing included an investor presentation outlining its proposed acquisition of Tiedemann Group and Alvarium Investments. The goal of the merger is to create a global investment firm with $54 billion AUM.
Alvarium Tiedemann Holdings would have an international network across four continents, diverse expertise and access to private and institutional capital. The combined enterprise would have an equity value of approximately $1.4 billion.
As announced in September, the deal would be funded through a combination of Cartesian’s $345 million cash in trust and approximately $165 million in a fully committed PIPE.
Over 96% of equity held by active operating partners is expected to be rolled into the combined company, with all proceeds from the deal being used for capital structure optimization.
If approved, Alvarium Tiedemann’s common stock is expected to trade on the Nasdaq under GLBL. The combined company would be based in New York. Read more.
