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September 20, 2021

Tiedemann and Alvarium to merge and go public with SPAC deal

Investment companies Tiedemann Group and Alvarium Investments are reportedly planning to merge and go public via a special purpose acquisition company (SPAC).

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
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  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
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According to people familiar with the matter, the combined company will operate as Alvarium Tiedemann Holdings. It will be valued at nearly $1.4bn in the deal with SPAC, Cartesian Growth.

The merged company is estimated to have approximately $54bn in assets under management and advisement. This will follow the combination of Tiedemann’s US focus with Alvarium’s worldwide footprint.

Tiedemann runs nine offices across the US with international operations based in Switzerland.

Meanwhile, Alvarium has headquarters in London and offices in Switzerland, Hong Kong, Singapore, Melbourne and the US.

Both companies are said to focus on high-net-worth wealth management.

Tiedemann chief executive Michael Tiedemann is anticipated to become the combined company’s CEO while Alvarium chief executive Alexander de Meyer becomes chair of its executive committee.

The companies are expected to raise nearly $165m in private investment in public equity (PIPE) related to the deal. PIPE investors could include strategic partners of both Tiedemann and Alvarium.

With $345m on hand, the SPAC Cartesian Growth is supported by private equity firm Cartesian Capital Group and led by Peter Yu, former CEO of AIG Capital Partners.

In March this year, Alvarium Wealth was reported to have acquired the remaining stake in New Zealand-based ethical fund manager Pathfinder Asset Management.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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