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Investment Firms Tiedemann and Alvarium Near Deal to Merge, Go Public Via SPAC

, Wall Street Journal

Investment firms Tiedemann Group and Alvarium Investments Ltd. are close to a deal to merge and go public through a special-purpose acquisition company, people familiar with the matter said.

The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp., the people said. The merger could be announced as soon as this week.

Alvarium Tiedemann would be expected to have about $54 billion in assets under management and advisement after combining Tiedemann’s U.S. focus with Alvarium’s global presence, the people said.

New York-based Tiedemann has nine offices across the U.S. and international operations based in Switzerland, according to its website. Alvarium is headquartered in London and has offices in Switzerland, Hong Kong, Singapore, Melbourne and the U.S.

Both Tiedemann and Alvarium say they focus on high-net-worth wealth management and give priority to environmental, social and governance factors. ESG funds have soared in popularity in recent years with Wall Street lining up trillions of dollars to finance the shift away from fossil fuels.

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