AlTi Global (ALTI) said on Friday that it has completed its purchase of German multi-family office and asset manager Kontora Family Office, with the deal adding more than 14 billion euros ($15.2 billion) in assets under management and marking AlTi's initial expansion into Europe.
Financial terms of the April 30 transaction were not disclosed but when AlTi announced the deal in early March the company said it would use a portion of a February 2024 investment from Allianz SE and Constellation Wealth Management providing up to $450 million to fund the acquisition.
Since April 24, AITi also has acquired investment advisory firms in New York and Singapore for undisclosed amounts.
AlTi shares recently were nearly 1% higher in mid-morning trade on Friday.
Price: 3.32, Change: +0.06, Percent Change: +1.84
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