– Extraordinary general meeting of shareholders
to approve proposed business combination to be held November 17,
2022 –
– Upon closing, the combined company will
operate as Alvarium Tiedemann Holdings (“Alvarium Tiedemann” or
“AlTi”) and will be listed on NASDAQ under the ticker symbol “GLBL”
–
Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL), a
publicly traded special purpose acquisition company, today
announced that the U.S. Securities and Exchange Commission (“SEC”)
has declared effective its registration statement on Form S-4 (File
No. 333-262644) (the “Registration Statement”), which includes a
definitive proxy statement in connection with Cartesian’s
extraordinary general meeting of shareholders (the “Special
Meeting”) to consider the previously announced proposed business
combination (the “Business Combination”) with Tiedemann Group
(“Tiedemann”) and Alvarium Investments Limited (“Alvarium”).
Additionally, Cartesian today announced that it has set a record
date of August 31, 2022 (the “Record Date”) and a Special Meeting
date of November 17, 2022.
Upon closing of the Business Combination, the combined company
will operate as Alvarium Tiedemann Holdings. Alvarium Tiedemann’s
common stock and warrants will be listed on NASDAQ under the ticker
symbols “GLBL” and “GLBLW” respectively, consistent with
Cartesian’s current listing. The closing of the Business
Combination is subject to approval by Cartesian’s shareholders and
the satisfaction of certain other customary closing conditions.
“We are pleased to reach this important milestone in the
transaction process which will lead to Alvarium Tiedemann – AlTi
becoming a public company once approved by Cartesian shareholders,”
said Michael Tiedemann, CEO of the Tiedemann Group. “The market
landscape is evolving given the dynamic needs of clients for
differentiated wealth and asset management solutions, and our
global team is poised to execute our growth initiatives while
demonstrating operational stability and increased efficiency.”
“The need for AlTi’s wealth and asset management platform
continues to grow in the current environment,” Peter Yu, Chairman
and CEO of Cartesian added. “The team at Cartesian and I are
excited to have the opportunity to bring to the public markets such
a distinctive and profitable platform built to serve the global
ecosystem of entrepreneurs.”
Due to the Covid-19 pandemic and other restrictions in place,
the Special Meeting will be held virtually, and Cartesian
shareholders can attend the Special Meeting using the virtual
meeting instructions set forth on their proxy cards. If any
Cartesian shareholder does not receive the Proxy Statement, that
shareholder should contact their broker or contact Morrow Sodali
LLC (“Morrow Sodali”), Cartesian's proxy solicitor, for assistance,
toll-free at (800) 662-5200 (banks and brokers can call collect at
(203) 658-9400 or by emailing
GLBL.info@investor.morrowsodali.com).
Cartesian shareholder can register for the Special Meeting by
visiting the following link:
https://www.cstproxy.com/cartesiangrowth/2022. Only Cartesian
shareholders with valid control numbers from their proxy cards may
submit questions. Cartesian shareholders will have the opportunity
to submit questions both in advance of and during the Special
Meeting, in each case upon receipt of their proxy cards and the
control numbers set forth therein. All questions should be
submitted via the chat box on the virtual meeting page on the link
listed above. Questions submitted in advance of the Special Meeting
and during the Special Meeting will be addressed during the Special
Meeting as time permits and at the sole and absolute discretion of
Cartesian.
About Alvarium Investments
Alvarium is an independent investment firm, global multi-family
office and merchant banking boutique providing tailored solutions
for families, foundations and institutions across the Americas,
Europe and Asia-Pacific. Alvarium offers direct and co-investment
opportunities from specialist alternative managers and real asset
operating partners in real estate and the innovation economy.
Alvarium has over 220 employees in 13 locations in 10 countries,
advising on approximately $23 billion of assets across four service
lines — investment advisory, co-investments, merchant banking and
family office services. For more information about Alvarium, please
visit www.alvariuminvestments.com.
About Tiedemann Group
Tiedemann Group is comprised of Tiedemann Advisors LLC
(“Tiedemann Advisors”), a leading independent wealth and investment
advisor for high-net-worth families, trusts, foundations and
endowments, particularly in the U.S.; Tiedemann Trust Company
(“Tiedemann Trust”); TIG Advisors LLC (“TIG”), an alternative asset
manager; and Tiedemann Constantia, the international operations of
Tiedemann Advisors.
Tiedemann Advisors is an independent investment and wealth
advisor for high-net-worth individuals, family offices, trusts,
foundations and endowments. Founded in 1999, Tiedemann Advisors has
nine offices across the U.S. and provides trust services through
Tiedemann Trust Company, a state-chartered trust company located in
Wilmington, Delaware. Tiedemann's international operations,
Tiedemann Constantia, is headquartered in Zurich Switzerland.
Together, Tiedemann Constantia, Tiedemann Advisors and Tiedemann
Trust Company currently oversee $29 billion in assets under
advisement.
TIG Advisors is a New York-based alternative asset manager with
approximately $8 billion in assets under management (inclusive of
assets under management of its affiliated managers), focused on
making growth equity investments in global alternative specialists.
TIG has a strong track record of identifying uncorrelated
investment opportunities in both public and private markets,
utilizing its long-standing operating platform to assist managers
with growth. The firm’s alpha-driven investment strategies align
with the needs of a diverse global investor base.
For more information about Tiedemann Group, please visit
www.tiedemannadvisors.com, www.tiedemannconstantia.com and
www.tigfunds.com.
About Cartesian Growth Corporation
Cartesian is a blank check company organized for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase or reorganization or engaging in any other similar
business combination with one or more businesses or entities.
Cartesian is an affiliate of Cartesian Capital Group, LLC, a global
private equity firm and registered investment adviser headquartered
in New York City, New York. Cartesian’s strategy is to identify and
combine with an established high-growth company that can benefit
from both a constructive combination and continued value-creation.
Cartesian is an emerging growth company as defined in the Jumpstart
Our Business Startups Act of 2012. For more information about
Cartesian, please visit www.cartesiangrowth.com.
Additional Information about the Business Combination and
Where to Find It
Cartesian has filed a proxy statement/prospectus that is both
the proxy statement to be distributed to Cartesian’s shareholders
in connection with Cartesian’s solicitation of proxies for the vote
by Cartesian’s shareholders at the Special Meeting, as well as the
prospectus relating to the offer and sale of securities of
Cartesian to be issued in the Business Combination. This document
does not contain all the information that should be considered
concerning the Business Combination and is not intended to form the
basis of any investment decision or any other decision in respect
of the Business Combination. The Form S-4 was declared effective by
the SEC on October 17, 2022 and the definitive proxy
statement/prospectus and other relevant documents are being mailed
to all Cartesian’s shareholders as of the Record Date.
Cartesian’s shareholders are advised to read the definitive
proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC in connection with the Business
Combination as they become available as these materials contain
important information about the parties to the Business
Combination, Cartesian and the Business Combination.
Shareholders may obtain free copies of the definitive proxy
statement/prospectus and other documents filed with the SEC,
without charge, once available, at the SEC’s website at
www.sec.gov, or by directing a request to: Cartesian Growth
Corporation, 505 Fifth Avenue, 15th Floor, New York, NY 10017,
USA.
Participants in the Solicitation
Cartesian and its directors and executive officers may be deemed
participants in the solicitation of proxies from Cartesian's
shareholders with respect to the proposed business combination. A
list of the names of those directors and executive officers and a
description of their interests in Cartesian is contained in
Cartesian’s filings with the SEC, including Cartesian’s final
prospectus relating to its initial public offering, which was filed
with the SEC on February 23, 2021, and is available free of charge
at the SEC's website at www.sec.gov. Additional information
regarding the interests of such participants is set forth in the
Registration Statement for the proposed business combination, as
may be amended. Tiedemann, Alvarium, and their respective directors
and executive officers may also be deemed to be participants in the
solicitation of proxies from the shareholders of Cartesian in
connection with the proposed business combination. A list of the
names of such directors and executive officers and information
regarding their interests in the business combination is contained
in the Registration Statement.
Forward-Looking Statements
Certain statements made in this press release are "forward
looking statements" within the meaning of the "safe harbor"
provisions of the United States Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"estimates," "projected," "expects," "anticipates," "forecasts,"
"plans," "intends," "believes," "seeks," "may," "will," "should,"
"future," "propose" and variations of these words or similar
expressions (or the negative versions of such words or expressions)
are intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside Tiedemann, Alvarium, or
Cartesian’s control, that could cause actual results or outcomes to
differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include (i) the inability to complete the
business combination in a timely manner or at all (including due to
the failure to receive required shareholder approvals, failure to
receive approvals or the failure of other closing conditions); (ii)
the inability to recognize the anticipated benefits of the proposed
business combination; (iii) the inability to obtain or maintain the
listing of Cartesian’s shares on Nasdaq following the business
combination; (iv) costs related to the business combination; (v)
the risk that the business combination disrupts current plans and
operations as a result of the announcement and consummation of the
business combination; (vi) Cartesian, Tiedemann, and Alvarium’s
ability to manage growth and execute business plans and meet
projections; (vii) potential litigation involving Cartesian,
Tiedemann, or Alvarium; (viii) changes in applicable laws or
regulations, particularly with respect to wealth management and
asset management; (ix) general economic and market conditions
impacting demand for Cartesian, Tiedemann, and Alvarium’s services,
and in particular economic and market conditions in the financial
services industry in the markets in which Cartesian, Tiedemann, and
Alvarium operate; and (x) other risks and uncertainties indicated
from time to time in the Registration Statement, including those
under “Risk Factors” therein, and in Cartesian’s other filings with
the SEC. Forward-looking statements speak only as of the date they
are made. None of Cartesian, Tiedemann, and Alvarium undertakes any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law. None of Cartesian, Tiedemann, or
Alvarium gives any assurance that any of Cartesian, Tiedemann, or
Alvarium, or the combined company, will achieve expectations.
No Offer or Solicitation
This communication does not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This communication
also does not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor will there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities will be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221017005999/en/
Media: Prosek Partners Ben Shapiro bshapiro@prosek.com
Investors: Prosek Partners Alex Jorgensen AlTi@prosek.com
Cartesian Growth (NASDAQ:GLBL)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Cartesian Growth (NASDAQ:GLBL)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
