What You Need to Know
- The new firm will be called Alvarium Tiedemann and trade on the Nasdaq under the ticker GLBL.
- The deal involves SPAC Cartesian Group Corp., an affiliate of private equity firm Cartesian Capital Group.
- It is expected to close in the first quarter of 2022 with a valuation of $1.4 billion and $54 billion in assets.
Tiedemann Group and Alvarium Investments announced plans to merge and go public via special-purpose acquisition company Cartesian Group Corp, a newly formed affiliate of private equity firm Cartesian Capital Group.
The combined global company is expected to have $54 billion in assets under management and administration and a post-transaction equity value of approximately $1.4 billion, according to a joint press release. The new company will be known as Alvarium Tiedemann and start trading on the Nasdaq under the GLBL ticker after the deal closes, which is expected in the first quarter of next year.
Tiedemann is based in New York and has offices in eight other states and in Switzerland. Alvarium is headquartered in London with offices in Switzerland, Australia, Hong Kong, Singapore and the U.S.
The new company will have a boutique approach to a globally scaled multi-family office strategy that includes impact investing, trust services, family office services, real estate and private markets, according to the joint press release.