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NEW YORK - AlTi Global, Inc. (NASDAQ:ALTI), a prominent global wealth management firm with a market capitalization of $313 million, announced the completion of its acquisition of Kontora, a German multi-family office and asset management company. The transaction was finalized on April 30, 2025, expanding AlTi’s reach in the wealth management sector. According to InvestingPro analysis, AlTi appears undervalued based on its Fair Value assessment, with analysts maintaining a strong buy recommendation.
Kontora, based in Hamburg, Germany, specializes in serving ultra-high-net-worth (UHNW) families, entrepreneurs, and selected institutions, managing assets worth approximately €14 billion. This acquisition marks a significant step for AlTi Global as it aims to enhance its service offerings and client base in Europe. InvestingPro data reveals the company generated revenue of $207 million in the last twelve months, with analysts expecting net income growth this year. Get deeper insights into AlTi’s financials and 6 additional ProTips with an InvestingPro subscription.
AlTi Global is recognized for providing fiduciary services, alternative investment strategies, and advisory services to entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders. The firm’s focus on impact and values-aligned investing is a cornerstone of its comprehensive service portfolio.
With over $76 billion in combined assets under management or advisement, AlTi Global operates an extensive network of approximately 430 professionals spread across three continents. This strategic acquisition of Kontora is expected to bolster the firm’s asset management capabilities and provide additional expertise in catering to the UHNW segment.
The information for this report is based on a press release statement from AlTi Global, Inc.
In other recent news, Alti Global Inc. reported its fourth-quarter and full-year 2024 earnings, showcasing strong financial performance. The company achieved full-year revenues of $277 million, with fourth-quarter revenues amounting to $53 million. A significant development for Alti Global was the launch of a private market investment program with Allianz, securing $150 million in initial subscriptions. Additionally, the company plans to allocate $65 million for acquisitions, focusing on both domestic and international markets.
Alti Global’s recurring management fee revenue increased to 96% for the year, up from 77% in 2023, indicating a stable revenue base. The company’s consolidated adjusted EBITDA was reported at $17 million, while the Wealth Management segment delivered an EBITDA of $37 million, reflecting a 19% margin. In terms of strategic movements, Alti Global completed acquisitions in Europe and the U.S., including the acquisition of Contura in Germany, expanding its assets under management significantly. These recent developments highlight Alti Global’s focus on strategic growth and operational efficiency in the wealth management sector.
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