London-headquartered global family office Alvarium Investments has agreed to merge with U.S. wealth management firm Tiedemann Group.
The Tiedemann and Alvarium groups intend to combine via special-purpose acquisition company Cartesian Growth Corporation to form New York–headquartered Alvarium Tiedemann. The combined company is expected to have post-transaction equity value of approximately $1.4 billion.
The combined company is expected to oversee $54 billion in assets under management (AUM) and assets under advisement (AUA) on behalf of families and institutions around the world.