AlTi Tiedemann Global has expanded into Germany with the acquisition of Hamburg-based multi-family office Kontora, marking a significant step in its European growth strategy.
The transaction, backed in part by Allianz X, represents AlTi’s first European acquisition following recent investments in the US. The deal positions AlTi to serve the ultra-high-net-worth (UHNW) market in Germany, which is the third largest in the world.
Go deeper with GlobalData
Kontora, with approximately €14bn ($15bn) in assets under management, specialises in providing tailored family office services, investment solutions, and alternative strategies for UHNW families, entrepreneurs, and institutions in Germany and Austria.
Michael Tiedemann, CEO of AlTi Tiedemann Global, highlighted: “Germany is a sophisticated and deep market with established wealth and a thriving entrepreneurial scene, and we look forward to working with Kontora to offer best-in-class global access and solutions with the service of a boutique family office. The continued backing from Allianz X reflects their conviction in AlTi’s ability to build a leading position in the UHNW segment and demonstrates their clear value as a strategic investor.”
Kontora’s Co-CEOs, Stephan Buchwald and Patrick Maurenbrecher, will assume senior roles within AlTi as part of the deal. They expressed: “It is a natural next step to join AlTi, a like-minded, independent, and entrepreneurial business on a global scale. Their structure of a connected ecosystem, providing access to advice, solutions and innovative investment opportunities, mirrors our belief in the importance of bringing outstanding family office services to clients. Over the past years, it has been an exciting journey to build Kontora from scratch into one of Germany’s leading independent family offices. Joining AlTi empowers us to drive our business forward with even greater momentum, while staying true to our core values, and allows us to provide our clients with unparalleled access to world-class investment opportunities at attractive terms, leveraging the significant scale benefits of AlTi’s global platform.”
Moreover, the acquisition aligns with AlTi’s strategy of combining global expertise with strong local knowledge to provide independent wealth solutions.
Robert Weeber, President of International Wealth Management at AlTi added: “We have always believed that being both global and local is key to meeting the complex needs of the UHNW, and in Kontora we have found the ideal partner to enter the attractive German market. We believe the combination of our global capabilities alongside Kontora’s deep local knowledge and expertise will support us to grow in this important market by offering increased global access and holistic independent wealth solutions to clients, including through our private markets’ partnership with Allianz X.”
The deal is expected to close in early Q2 2025, pending regulatory approvals.
