Independent investment firm and multi-family office Alvarium Investments is planning to merge with US advice firm Tiedemann Advisors and go public, according to a report from the Wall Street Journal.
The merger will form a new entity called Alvarium Tiedemann Holdings. Following this, the new firm will become public through a special-purpose acquisition company Cartesian Growth, which is led by Peter Yu.
The deal would value the combined business at $1.4bn (£1bn), according to the Journal, while combined assets would reach $54bn (£39bn).
Tiedemann CEO Michael Tiedemann is set to head the combined firm, while Alvarium CEO Alexander de Meyer chairs the executive committee.
London-based Alvarium, which previously rebranded from LJ Partnership in 2018, had £13bn in client assets in 2020. The firm provides investment advisory, co-investments, merchant banking and family office services across America, Europe, and Asia Pacific.
Last year the firm hired Nancy Curtin from Close Brothers Asset Management as group chief investment officer, partner and head of investment advisory, as part of its long-term plan to expand its investment leadership team.
In 2018, Alvarium sold 40% of its business to a New York-based family office Dilmun Group.
Meanwhile New York-headquartered Tiedemann Advisors works with ultra-high net worth clients and manages $20bn in client assets. The firm also has a growing ESG business and has offices across nine states.
See also: Former Close Brothers CIO joins £15bn family office
