Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Cartesian (NASDAQ:GLBL) has entered into a definitive business combination with wealth management firms Tiedemann Group and Alvarium Investments at an enterprise value of $1.087 billion, or 10.9x the combined entity’s 2022E EBITDA. The two firms serve as alternative asset managers to clients on four continents and are expected to have about $60 billion in assets
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