– Expected closing date on or about January 3,
2023 –
– Combined company to operate as Alvarium
Tiedemann Holdings (“AlTi”) and expected to begin trading on NASDAQ
under ticker "GLBL" on or about January 4, 2023 –
Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL), a
publicly traded special purpose acquisition company, announced
today that in an extraordinary general meeting on November 17,
2022, its shareholders voted to approve its proposed business
combination (the “Business Combination”) with Tiedemann Group
(“Tiedemann”) and Alvarium Investments Limited (“Alvarium”).
Closing-related processes are underway; in the interest of
merger-accounting simplicity, the closing will be held on or about
January 3, 2023, after the end of the 2022 fiscal year.
Upon closing, the combined company will operate as Alvarium
Tiedemann Holdings (“Alvarium Tiedemann” or “AlTi”) and its common
stock and warrants are expected to be listed on NASDAQ under the
ticker symbols “GLBL” and “GLBLW”, respectively.
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 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 comprises 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.; 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. Tiedemann's international
operations, Tiedemann Constantia, is headquartered in Zurich
Switzerland.
TIG Advisors is a New York-based alternative asset manager
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 the Registration Statement, 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/20221115006556/en/
Media: Prosek Partners Ben Shapiro bshapiro@prosek.com
Investors: Prosek Partners Alex Jorgensen AlTi@prosek.com
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