AlTi Global acquires East End Advisors for $76M upfront, expanding UHNW wealth platform

AlTi Global, Inc.

Initial purchase price ~$76M; additional EBITDA-based contingent consideration over 5 years.
East End Advisors has ~$5.6B AUM; acquisition follows up to $450M strategic investment from Allianz X and Constellation Wealth Capital.
Transaction expected to close early Q2 2024, subject to customary conditions.
Deal deepens AlTi's presence in U.S. family office hubs and expands OCIO capabilities.
Initial consideration funded by Constellation Wealth Capital investment; a portion of contingent consideration may be paid in Class A stock.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AlTi Global, Inc. entered into Membership Interest Purchase Agreement with East End Advisors, LLC valued at approximately $76 million (effective 2024-04-01).

Action: entry
Agreement: asset purchase
Counterparty: East End Advisors, LLC
Value: approximately $76 million
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, AlTi Global, Inc., a Delaware corporation (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ Purchase Agreement ”) by and among the Company, AlTi Global Wealth Management Holdings Limited, a UK private limited company (“ Purchaser ”), East End Advisors, LLC, a New York limited liability company (“ EEA ”), EEA Holding Company, LLC, a Delaware limited liability company (“ Seller ”), and, for the limited purposes set forth therein, David Salomon, Richard Salomon, Peter Nadosy and Brian Clifford.

View on SEC.gov

398 material agreements filed in the last 30 days. Browse all material agreements →

AlTi Global, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-013885

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.