Alvarium Tiedemann Holdings entered into a letter of intent to acquire Cartesian Growth Corporation (NasdaqCM:GLBL) from CGC Sponsor LLC, Citadel Advisors LLC and others in a reverse merger transaction on May 8, 2021. Alvarium/ Tiedemann Wealth Management Holdings/TIG Trinity Management, LLC/TIG Trinity GP, LLC entered into an agreement to acquire Cartesian Growth Corporation (NasdaqCM:GLBL) from CGC Sponsor LLC, Citadel Advisors LLC and others in a reverse merger transaction on September 19, 2021. The transaction is expected to create a combined company with a pro forma equity value of $1.4 billion and will be funded through a combination of Cartesian's cash in trust and approximately $165 million fully committed purchase of shares of common stock of Cartesian pursuant to a private investment in public equity (“PIPE”). The PIPE capital commitments have been obtained from institutional investors and strategic partners of both Alvarium and the Tiedemann Group. Post closing, the combined entity will be named "Alvarium Tiedemann Holdings, Inc." Cartesian has $345 million of cash in its trust account. Upon closing, the combined company Alvarium Tiedemann Holdings, Inc. and its common stock and warrants will be listed on NASDAQ under the updated ticker symbols “ALTI” and “ALTIW,” respectively. A termination fee in an amount of $5.5 million shall be payable by Alvarium (severally and not jointly) to Cartesian, and a termination fee in an aggregate amount of $11 million shall be payable by the TIG Entities and TWMH (jointly and severally) to Cartesian, if Cartesian shall have terminated the Business Combination Agreement.

The transaction is subject to approval from Cartesian's shareholders and Cartesian will have at least $5,000,001 of net tangible assets. The respective boards of the Tiedemann Group, Alvarium and Cartesian have unanimously approved the proposed business combination, all required filings under the HSR Act will have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Business Combination under the HSR Act will have expired or been terminated and the Registration Statement will have been declared effective under the Securities Act. On February 11, 2022, Cartesian announced the filing with the U.S. Securities and Exchange Commission of a registration statement on Form S-4 in connection with the transaction. On May 31, 2022, Cartesian Growth Corporation announced that it had received the required pre-closing approvals with respect to the Business Combination from the applicable regulatory and governmental authorities in certain jurisdictions where the Companies operate. As of October 17, 2022, the Securities and Exchange Commission has declared effective the registration statement on Form S-4 filed. The shareholders meeting of CGC is scheduled on November 17, 2022. The transaction has been approved by the shareholders of Cartesian on November 17, 2022. Completion of the proposed business combination is expected in first quarter of 2022. As of February 11, 2022, the transaction is expected to close during the third quarter of 2022. As of April 28, 2022, transaction is expected to close in the first half of 2022. As of November 17, 2022, the transaction is expected to close on or about January 3, 2023.

Piper Sandler & Co. is serving as financial advisor and due diligence provider and Keith J. Billotti, Edward S. Horton, Craig A. Sklar, Craig A. Sklar, Gerhard Anderson, James E. Abbott, Meir R. Grossman, Nick Katsanos and Danielle Lemberg of Seward & Kissel LLP acted as legal advisors to the Tiedemann Group. The Asset & Wealth Management Investment Banking Group of Raymond James & Associates, Inc. and Spencer House Partners LLP are serving as financial advisors and James Grimwood, Samantha Kirby, Jeffrey A. Letalien, Jocelyn Arel, Dulcie Daly, Romina Weiss, Nick Losurdo and Brynn Peltz of Goodwin Procter LLP acted as legal advisors to Alvarium. Cantor Fitzgerald & Co. is serving as capital markets advisor to Cartesian Growth Corporation. Additionally, BofA Securities is serving as financial advisor and capital markets advisor to Cartesian. Alan A. Annex, Jason T. Simon, Thomas R. Martin and Adam Namoury of Greenberg Traurig, LLP acted as legal counsels and due diligence provider to Cartesian. Mark Zimkind, Francis Wolf and Celeste Gonzalez of Continental Stock Transfer & Trust Company acted as transfer agents to Cartesian Growth Corporation. Morrow & Co., LLC acted as proxy solicitor to Cartesian for a fee of $37,500, plus disbursements. As of May 13, 2022, Cartesian and BofA Securities mutually agreed to terminate BofA Securities' engagements as a capital markets advisor and financial advisor to Cartesian. Grant Thornton LLP acted as accountant and financial due diligence provider to Cartesian. Alvarez & Marsal Financial Industry Advisory Services LLP acted as due diligence provider to Cartesian. Reto Heuberger and Andreas Müller of Homburger AG acted as legal advisor to Alvarium Tiedemann Holdings, Inc. (NasdaqCM:ALTI).

Alvarium Tiedemann Holdings completed the acquisition of Cartesian Growth Corporation (NasdaqCM:GLBL) from CGC Sponsor LLC, Citadel Advisors LLC and others in a reverse merger transaction on January 3, 2023. The combined company now operates as Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or “AlTi”) and its Class A common shares and warrants will begin trading on NASDAQ under the ticker symbols “ALTI” and “ALTIW," respectively, starting tomorrow, January 4, 2023.