NEW YORK: AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth manager, has announced the acquisition of Kontora Family Office GmbH.
Kontora, headquartered in Hamburg, Germany, is a multi-family office and asset management company serving ultra-high-net-worth families, entrepreneurs, and select institutions, with assets under management (AUM) of approximately €14 billion.
The acquisition advances AlTi’s strategy to become the leading global independent wealth management platform for the ultra-high-net-worth (UHNW) segment. This landmark transaction is AlTi’s first European-based acquisition, following strategic investments from Allianz X and Constellation Wealth Capital, and two U.S.-based acquisitions completed in 2024.
Kontora, a founder-run business with nearly 20 years of experience, offers family office, investment office, and service office solutions. It primarily serves clients in Germany and Austria, specializing in open and closed-end funds and alternative strategies.
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. We look forward to working with Kontora to offer best-in-class global access and solutions with the service of a boutique family office.”
Stephan Buchwald and Dr. Patrick Maurenbrecher, Co-Chief Executive Officers of Kontora, expressed enthusiasm about joining AlTi: “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.”
The transaction is expected to close early in the second quarter of 2025, subject to customary closing conditions.
EY Germany is acting as financial due diligence provider to AlTi, with Milbank LLP serving as legal advisor. Herax Partners LLP and PXR are acting as financial and legal advisors to Kontora, respectively.