AlTi Tiedemann Global Announces Acquisition of East End Advisors Following Strategic Investment - Seite 2

“We are confident that AlTi's global platform will benefit East End’s clients through increased access to global perspectives and solutions, and that together we will be able to provide a broader range of compelling ideas and opportunities.”

Andrew Douglass, Co-Head of Business Development Strategy for AlTi Tiedemann Global, said:

“The addition of East End helps expand our market presence in key regions in the US and accelerates our ability to grow strategically while maintaining a boutique approach. We have known the East End team for decades and are highly impressed with the business they have built. We are delighted they have decided to team with us.”

Transaction Details

AlTi is acquiring East End Advisors for an initial purchase price of approximately $76 million. An additional contingent consideration will be payable over a five-year period, calculated in accordance with an EBITDA-based formula. A certain portion of the contingent consideration is required to be paid in cash based on certain minimum annual thresholds, and the balance may be settled in cash or Class A Common Stock, at AlTi’s discretion. The initial purchase price is expected to be funded by the previously announced investment from Constellation Wealth Capital. The transaction is subject to customary closing conditions and is expected to close early in the second quarter.

Advisors

Oppenheimer & Co. Inc. is serving as AlTi’s financial advisor. Houlihan Lokey, Inc. is serving as AlTi’s financial and tax diligence advisor. Seward and Kissel is acting as AlTi’s legal advisor. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to East End Advisors.

About AlTi

AlTi is a leading independent global wealth and alternatives manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing and generating a net positive impact through its business activities. The firm currently manages or advises on over $70 billion in combined assets and has an expansive network with approximately 480 professionals across three continents. For more information, please visit us at www.alti-global.com.