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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.