Cartesian Growth Corporation
Case number(s)
Decision date
Decision Consent granted
Section 13(1)(c) Overseas Investment Act 2005
Decision Maker Overseas Investment Office
Decision Date 23 May 2022
Pathway(s) Significant business assets only
Investment 100% of the shares of Alvarium RE Limited (which holds 46% of the Shares of Alvarium Investments (NZ) Limited (AINZ), among other New Zealand assets)
Asset Value Withheld under s.9(2)(b)(ii) of the Official Information Act 1982
Applicant Cartesian Growth Corporation
(a special purpose vehicle listed on the NASDAQ exchange)
Vendor Alvarium Investments Limited
(a United Kingdom incorporated company, majority owned by two companies and otherwise widely held)

Cartesian Growth Corporation is a special purpose acquisition vehicle and is listed on the NASDAQ exchange. The Applicant is acquiring 100% of the shares in Alvarium RE Limited (UK).

Alvarium RE Limited and its wholly and partly owned subsidiaries are domiciled in various jurisdictions including New Zealand. Its New Zealand assets include

  • 46% of the shares of Alvarium Investments NZ Limited (AINZ);
  • 23% of the shares of NZ PropCo Holdings Limited (NZ PropCo); and
  • 23% of the shares of Templeton C&M HoldCo Limited (Templeton HoldCo)

AINZ provides wealth management services in New Zealand whereas NZ PropCo and Templeton HoldCo undertake property holding, development and investment activities in New Zealand.

The Investment is part of a global business combination involving the Alvarium Group, Tiedemann Wealth Management Holdings, LLC (Tiedemann), and TIG Trinity GP, LLC and TIG Trinity Management, LLC (TIG). The Alvarium Group, Tiedemann and TIG will become wholly owned subsidiaries of the Applicant, as one global group.

The Applicant has satisfied the investor test criterion.

More information Alexia Grindle
Mayne Wetherell
Level 5
Bayleys House
30 Gaunt Street