– Combined company will operate as Alvarium
Tiedemann Holdings, Inc. and will be listed on NASDAQ under the
ticker symbol “ALTI” on January 4, 2023 –
Tiedemann Group (“Tiedemann”), Alvarium Investments Limited
(“Alvarium”) and Cartesian Growth Corporation (“Cartesian”)
(NASDAQ: GLBL), announced today that upon closing, the combined
company Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or
“AlTi” or the “Company”) and its common stock and warrants will be
listed on NASDAQ under the updated ticker symbols “ALTI” and
“ALTIW,” respectively.
No action by the Company's shareholders is required with respect
to the ticker symbol change and the change, once effected, will not
affect the existing rights of shareholders.
About Alvarium Investments Alvarium is an independent
investment firm, global multi-family office and merchant banking
boutique providing tailored solutions for families, foundations and
institutions across the Americas, Europe and Asia-Pacific. Alvarium
offers direct and co-investment opportunities from specialist
alternative managers and real asset operating partners in real
estate and the innovation economy. Alvarium has over 220 employees
in 13 locations in 10 countries, advising on approximately $23
billion of assets across four service lines — investment advisory,
co-investments, merchant banking and family office services. For
more information about Alvarium, please visit
www.alvariuminvestments.com.
About Tiedemann Group Tiedemann Group is comprised of
Tiedemann Advisors LLC (“Tiedemann Advisors”), a leading
independent wealth and investment advisor for high-net-worth
families, trusts, foundations and endowments, particularly in the
U.S.; Tiedemann Trust Company (“Tiedemann Trust”); TIG Advisors LLC
(“TIG”), an alternative asset manager; and Tiedemann Constantia,
the international operations of Tiedemann Advisors.
Tiedemann Advisors is an independent investment and wealth
advisor for high-net-worth individuals, family offices, trusts,
foundations and endowments. Founded in 1999, Tiedemann Advisors has
nine offices across the U.S. and provides trust services through
Tiedemann Trust Company, a state-chartered trust company located in
Wilmington, Delaware. Tiedemann's international operations,
Tiedemann Constantia, is headquartered in Zurich Switzerland.
Together, Tiedemann Constantia, Tiedemann Advisors and Tiedemann
Trust Company currently oversee $29 billion in assets under
advisement.
TIG Advisors is a New York-based alternative asset manager with
approximately $8 billion in assets under management (inclusive of
assets under management of its affiliated managers), focused on
making growth equity investments in global alternative specialists.
TIG has a strong track record of identifying uncorrelated
investment opportunities in both public and private markets,
utilizing its long-standing operating platform to assist managers
with growth. The firm’s alpha-driven investment strategies align
with the needs of a diverse global investor base.
For more information about Tiedemann Group, please visit
www.tiedemannadvisors.com, www.tiedemannconstantia.com and
www.tigfunds.com.
About Cartesian Growth Corporation Cartesian is a blank
check company organized for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase or
reorganization or engaging in any other similar business
combination with one or more businesses or entities. Cartesian is
an affiliate of Cartesian Capital Group, LLC, a global private
equity firm and registered investment adviser headquartered in New
York City, New York. Cartesian’s strategy is to identify and
combine with an established high-growth company that can benefit
from both a constructive combination and continued value-creation.
Cartesian is an emerging growth company as defined in the Jumpstart
Our Business Startups Act of 2012. For more information about
Cartesian, please visit www.cartesiangrowth.com.
Forward-Looking Statements Certain statements made in
this press release are "forward looking statements" within the
meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "estimates," "projected," "expects,"
"anticipates," "forecasts," "plans," "intends," "believes,"
"seeks," "may," "will," "should," "future," "propose" and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
Tiedemann, Alvarium, or Cartesian’s control, that could cause
actual results or outcomes to differ materially from those
discussed in the forward-looking statements. Important factors,
among others, that may affect actual results or outcomes include
(i) the inability to complete the business combination in a timely
manner or at all (including due to the failure to receive required
shareholder approvals, failure to receive approvals or the failure
of other closing conditions); (ii) the inability to recognize the
anticipated benefits of the proposed business combination; (iii)
the inability to obtain or maintain the listing of Cartesian’s
shares on Nasdaq following the business combination; (iv) costs
related to the business combination; (v) the risk that the business
combination disrupts current plans and operations as a result of
the announcement and consummation of the business combination; (vi)
Cartesian, Tiedemann, and Alvarium’s ability to manage growth and
execute business plans and meet projections; (vii) potential
litigation involving Cartesian, Tiedemann, or Alvarium; (viii)
changes in applicable laws or regulations, particularly with
respect to wealth management and asset management; (ix) general
economic and market conditions impacting demand for Cartesian,
Tiedemann, and Alvarium’s services, and in particular economic and
market conditions in the financial services industry in the markets
in which Cartesian, Tiedemann, and Alvarium operate; and (x) other
risks and uncertainties indicated from time to time in Cartesian’s
final prospectus relating to its initial public offering, dated
February 23, 2021, including those under “Risk Factors” therein,
and in Cartesian’s other filings with the SEC. Forward-looking
statements speak only as of the date they are made. None of
Cartesian, Tiedemann, and Alvarium undertakes any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law. None of Cartesian, Tiedemann, or Alvarium gives
any assurance that any of Cartesian, Tiedemann, or Alvarium, or the
combined company, will achieve expectations.
No Offer or Solicitation This communication does not
constitute a solicitation of a proxy, consent or authorization with
respect to any securities or in respect of the proposed business
combination. This communication also does not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
will there be any sale of securities in any states or jurisdictions
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such jurisdiction. No offering of securities will be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221228005312/en/
Media: Prosek Partners Ben Shapiro Pro-AlTi@prosek.com
Investors: Prosek Partners Alex Jorgensen AlTi@prosek.com
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