Tiedemann, Alvarium And Cartesian To Create Alvarium Tiedemann - Quick Facts

(RTTNews) - Tiedemann Group, Alvarium Investments Limited and Cartesian Growth Corporation (GLBL) have entered into a business combination agreement to create Alvarium Tiedemann Holdings, a global investment firm with a pro forma equity value of $1.4 billion. Alvarium Tiedemann's common stock is anticipated to be publicly traded on Nasdaq under the ticker, GLBL following the closing of the deal.

The deal will be funded through a combination of Cartesian's cash in trust and approximately $165 million fully committed purchase of shares of common stock of Cartesian pursuant to a private investment in public equity.

Michael Tiedemann will serve as Alvarium Tiedemann's Chief Executive Officer. Alexander de Meyer will chair the firm's executive committee.