Deals
Alvarium, Tiedemann to Combine With SPAC in $1.4 Billion Deal
- Money managers for wealthy to have $54 billion in assets
- Combined company will trade on the Nasdaq Stock Market
Source: Getty Images
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Tiedemann Group and Alvarium Investments Ltd., investment advisers for wealthy clients, agreed to combine with blank-check company Cartesian Growth Corp. to create a company valued at $1.4 billion.
The new business, Alvarium Tiedemann, will have estimated assets of $54 billion, according to a statement issued Monday. The firm will provide institutions, entrepreneurs and rich families a range of investment strategies and capabilities.