AlTi Global, Inc. entered into an agreement to acquire East End Advisors, LLC for approximately $76.1 million.
April 31, 2024
Share
AlTi Global, Inc. (NasdaqCM:ALTI) entered into an agreement to acquire East End Advisors, LLC for approximately $76.1 million on April 1, 2024. The initial purchase price is $76.094377 million and the contingent consideration installment amount reduced by the retention program installment amounts. The initial purchase price is expected to be funded by the previously announced investment from Constellation Wealth Capital.
Seward & Kissel LLP acted as legal advisor to AlTi Global, Inc. Wachtell, Lipton, Rosen & Katz LLP acted as a legal advisor to East End Advisors. Oppenheimer & Co. Inc. acted as a financial advisor to AlTi Global, Inc. Houlihan Lokey, Inc. (NYSE:HLI) provided due diligence to AlTi Global, Inc. The transaction is subject to customary closing conditions and is expected to close early in the second quarter.
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. 
