AlTi Global (ALTI) said Thursday it has acquired Germany's Kontora Family Officer, with funds under management of about 14 billion euros ($14.99 billion).
Financial terms of the deal were not disclosed.
The company said Kontora is focused on ultra-high-net-worth families, entrepreneurs and institutions. The move progresses AlTi's strategy to become a wealth management platform for the UNHW, with targeted expertise in alternatives.
The acquisition is the company's first European-based purchase following a "strategic" investment from Allianz X and Constellation Wealth Capital.
AlTi said it completed two US-based bids last year.
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