AlTi Global, Inc. acquired AL Wealth Partners Pte Ltd for $31 million.
April 06, 2023
Share
AlTi Global, Inc. (NasdaqCM:ALTI) acquired AL Wealth Partners Pte Ltd for $31 million on April 6, 2023. The purchase price consisted of a $15.5 million cash payment on closing (being 50% of the purchase price calculated on the closing date based on a multiple of recurring revenues), and deferred payments on each of the third and fifth anniversaries of the closing date, with each deferred payment to be 25% of a re-calculated purchase price based on recurring revenues at each relevant time. The deferred payments may be settled in cash or shares of the Company, provided that not more than 50% of the total consideration may be paid in the Company?s shares. Anthonia Hui and Leonardo Drago will continue to lead the growth of AlTi?s Wealth Management offering in Singapore, as part of AlTi?s International Wealth Management business which is led by Robert Weeber.
AlTi Global, Inc. (NasdaqCM:ALTI) completed the acquisition of AL Wealth Partners Pte Ltd in April 6, 2023.
AlTi Global, Inc. is an independent global wealth and alternatives manager providing entrepreneurs, multi-generational families, institutions, and emerging leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. It operates through two segments: Wealth Management and Strategic Alternatives. Within its Wealth Management segment, services provided principally consist of investment management and advisory services, trusts and administrative services, and family office services. The wealth management client base includes high net worth individuals, families, single family offices, foundations, and endowments globally. In its Strategic Alternatives segment, it assists its investors with alternative investments and co-investments by providing access to differentiated opportunities in these areas as well as structuring and selecting partners with a proven track record in alternative asset classes, with risk-adjusted return characteristics.
ALTI GLOBAL, INC. 
