According to a report from the Wall Street Journal, the multi-family office Alvarium has plans to merge and go public with the $20bn US advice firm, Tiedemann Advise. The new entity is to be called Alvarium Tiedemann Holdings and go public through a merger with Cartesian Growth, a special acquisition company (Spac) led by Peter Yu.
The journal said that the Spac deal would bring the combined firm value to $1.4bn. Alvarium Tiedemann Holdings will oversee $54bn in assets. Alexander De Meyer would chair the executive committee while Michael Tiedemann will be the head of the combined firm.
After rebranding from LJ Partnership in 2018, Alvarium had $18bn of client assets globally in 2020. Their four service lines included co-investments, investment advisory, family office services, and merchant banking. It also hired Nancy Curtin, former Clos Brother’s chief investment officer as its group CIO last year.
Alvarium also sold a 40 percent stake of its business to a New York-based family office, Dilmun Group.
With its headquarters in New York, Tiedemann Advisors doesn’t just focus on ultra-high-net-worth clients, but also has a growing ESG business. Alvarium Investments on the other hand, is based in London and provides merchant banking services, family office services along with its investment advisory business.
‘UK family office to merge with $20bn US advice firm Tiedemann and go public‘- Ian Wenik, Wealth Manager
