AlTi Tiedemann Global Expands European Presence and enters Germany with Acquisition of Kontora

Rhea-AI Summary

AlTi Global (NASDAQ: ALTI) has announced the acquisition of Kontora Family Office GmbH, a Hamburg-based multi-family office with €14 billion in AUM. This strategic move marks AlTi's entry into Germany, the world's third-largest ultra-high-net-worth market.

The acquisition, expected to close in early Q2 2025, follows AlTi's recent strategic investments from Allianz X and Constellation Wealth Capital. Kontora's Co-CEOs Stephan Buchwald and Dr. Patrick Maurenbrecher will reinvest in AlTi and take senior positions to drive German market strategy.

Kontora, with a 20-year track record, specializes in family office, investment office, and service office solutions, primarily serving clients in Germany and Austria. The firm focuses on open and closed-end funds and alternative strategies, managing approximately €14 billion in assets.

Positive

• Entry into world's third-largest UHNW market
• Addition of €14B in AUM to existing $77B portfolio
• Retention and reinvestment by Kontora's leadership
• Strategic expansion backed by Allianz X investment
• Access to established German and Austrian client base

Negative

• Transaction subject to closing conditions
• Integration costs and challenges may impact short-term performance

Insights

Financial Analyst

AlTi's acquisition of Germany-based Kontora marks a strategic expansion that materially increases the company's European footprint and assets under management. This transaction adds approximately €14 billion in AUM (roughly $15.2 billion at current exchange rates) to AlTi's existing $77 billion combined assets – representing nearly a 20% increase from a single acquisition.

The German market entry is strategically significant as Germany represents the third largest ultra-high-net-worth market globally. This acquisition directly advances AlTi's stated growth strategy of becoming a leading global independent wealth management platform for UHNW clients with expertise in alternatives.

The transaction structure includes Kontora's leadership reinvesting proceeds into AlTi and assuming senior positions to execute the German market strategy – suggesting management alignment and confidence in the combined entity. This is AlTi's first European acquisition following strategic investments from Allianz X and Constellation Wealth Capital, with prior funding specifically earmarked for German expansion.

Notably, this is AlTi's third acquisition in 2024 alone, indicating an aggressive growth-through-acquisition strategy that's rapidly expanding both their AUM and geographic reach. The continued partnership with Allianz X provides strategic advantages in the German market beyond just capital, while helping AlTi establish presence in one of Europe's most sophisticated wealth hubs.

Business Strategy Expert

This acquisition represents textbook strategic expansion into an adjacent high-value market. AlTi is executing a deliberate internationalization strategy targeting the ultra-high-net-worth segment where they can leverage their alternatives expertise. Germany's selection makes perfect strategic sense as it offers both market depth and significant growth potential.

The deal structure demonstrates sophisticated thinking – maintaining continuity by keeping Kontora's leadership engaged while integrating their 20-year operational experience in the German and Austrian markets. By acquiring an established player with €14 billion AUM, AlTi gains immediate scale rather than building from scratch.

Most compelling is the alignment with their strategic investors. Allianz X's funding specifically earmarked for German expansion shows coordinated strategic planning, with this acquisition activating that capital for its intended purpose. This validates both investor confidence and management execution capabilities.

The transaction expands AlTi's service offering by incorporating Kontora's expertise in administration and structuring for family offices, foundations, and non-profits. This enhances their comprehensive wealth management capabilities while potentially creating cross-selling opportunities across their global platform.

AlTi's three acquisitions in 2024 reveal a systematic build-out of their global wealth management ecosystem – creating a connected platform that can deliver both localized expertise and global capabilities, a compelling combination for the sophisticated UHNW clientele they target.

Transaction expands AlTi’s European presence through entry into key wealth hub of Germany, which represents the third largest ultra-high-net-worth (“UHNW”) market in the world

NEW YORK--(BUSINESS WIRE)-- AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi” or “AlTi Tiedemann Global”), a leading independent global wealth manager with over $77 billion in combined assets, announces the acquisition of Kontora Family Office GmbH (“Kontora”). Kontora is a multi-family office and asset management company headquartered in Hamburg, Germany focused on UHNW families, entrepreneurs and select institutions. The firm has assets under management (“AUM”) of approximately Є14 billion.

The acquisition further advances AlTi’s growth strategy to become the leading global independent wealth management platform for the UHNW, with targeted expertise in alternatives. This landmark transaction is the first European-based acquisition AlTi has executed following the strategic investment from Allianz X and Constellation Wealth Capital, having completed two US-based acquisitions in 2024. A portion of the funding from Allianz X was earmarked for AlTi’s expansion into Germany, reflecting the opportunity within the German wealth management market.

Kontora is a founder-run business with a close-to 20-year track record, offering a range of services including family office, investment office, and service office solutions, tailored to preserve and grow client wealth across generations. Kontora, which primarily serves clients in Germany and Austria, specializes in open and closed-end funds and alternative strategies, with a service office focused on the administration and structuring of financial assets for large family offices, foundations, and non-profits. As part of the transaction, it is expected that Co-Chief Executive Officers Stephan Buchwald and Dr. Patrick Maurenbrecher will reinvest a portion of the proceeds into AlTi and will undertake senior positions within AlTi to play a key role in the execution of AlTi’s strategy for the German market.

Michael Tiedemann, Chief Executive Officer of AlTi Tiedemann Global, said:

“Germany is a sophisticated and deep market with established wealth and a thriving entrepreneurial scene, and we look forward to working with Kontora to offer best-in-class global access and solutions with the service of a boutique family office. The continued backing from Allianz X reflects their conviction in AlTi’s ability to build a leading position in the UHNW segment and demonstrates their clear value as a strategic investor.”

Stephan Buchwald and Dr. Patrick Maurenbrecher, Co-Chief Executive Officers of Kontora, said:

"It is a natural next step to join AlTi, a like-minded, independent, and entrepreneurial business on a global scale. Their structure of a connected ecosystem, providing access to advice, solutions and innovative investment opportunities, mirrors our belief in the importance of bringing outstanding family office services to clients. Over the past years, it has been an exciting journey to build Kontora from scratch into one of Germany's leading independent family offices. Joining AlTi empowers us to drive our business forward with even greater momentum, while staying true to our core values, and allows us to provide our clients with unparalleled access to world-class investment opportunities at attractive terms, leveraging the significant scale benefits of AlTi's global platform.”

Robert Weeber, President, International Wealth Management for AlTi Tiedemann Global, said:

“We have always believed that being both global and local is key to meeting the complex needs of the UHNW, and in Kontora we have found the ideal partner to enter the attractive German market. We believe the combination of our global capabilities alongside Kontora’s deep local knowledge and expertise will support us to grow in this important market by offering increased global access and holistic independent wealth solutions to clients, including through our private markets partnership with Allianz X.”

The transaction is expected to close early in the second quarter of 2025 and remains subject to customary closing conditions.

Advisors

EY Germany is acting as financial due diligence provider to AlTi in connection with the acquisition and Milbank LLP is acting as legal advisor to AlTi.

Herax Partners LLP and PXR are acting as financial and legal advisors to Kontora, respectively.

About AlTi Global, Inc.
AlTi is a leading independent global wealth 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. The firm currently manages or advises on over $77 billion in combined assets and has an expansive network with approximately 440 professionals across three continents. For more information, please visit us at www.alti-global.com.

Forward-Looking Statements
Some of the statements in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Words such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “plan” and “will” and similar expressions identify forward-looking statements. Forward-looking statements reflect management’s current plans, estimates and expectations and are inherently uncertain. The inclusion of any forward-looking information in this press release should not be regarded as a representation that the future plans, estimates or expectations contemplated will be achieved. Forward-looking statements are subject to various risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, global and domestic market and business conditions, successful execution of business and growth strategies and regulatory factors relevant to our business, as well as assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity and the risks and uncertainties described in greater detail under “Risk Factors” included in AlTi’s registration statement on Form 10-K filed March 22, 2024, and in the subsequent reports filed with the Securities and Exchange Commission, as such factors may be updated from time to time. We undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250306121542/en/

Investor Relations:

Lily Arteaga, Head of Investor Relations

investor@alti-global.com

Media Relations:

Georgia Brown / Emily Roy, Prosek

pro-alti@prosek.com

Source: AlTi Global, Inc.

FAQ

What is the expected closing date for AlTi's (ALTI) acquisition of Kontora?

The acquisition is expected to close in early Q2 2025, subject to customary closing conditions.

How much assets under management (AUM) does Kontora bring to AlTi's portfolio?

Kontora brings approximately €14 billion in assets under management to AlTi's existing $77 billion in combined assets.

What will happen to Kontora's current leadership after the ALTI acquisition?

Co-CEOs Stephan Buchwald and Dr. Patrick Maurenbrecher will reinvest in AlTi and take senior positions to execute AlTi's German market strategy.

Why did AlTi (ALTI) choose Germany for its first European acquisition?

Germany represents the third largest ultra-high-net-worth market globally and offers a sophisticated wealth management environment with established wealth and entrepreneurial activity.