Alvarium Tiedemann gets $250 million credit facility in two parts

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Alvarium Tiedemann Holdings, Inc. entered into a $250 million credit facility with a syndicate led by BMO Capital Markets Corp., according to a news release.

The facility, which comprises a $150 million revolver and a $100 million term loan, will be used to pay down subsidiary debt and fund growth initiatives.

The new five-year credit facility will allow Alvarium Tiedemann to strategically expand its global footprint, platform and opportunity set, the company said.

“Strengthening our balance sheet will enable Alvarium Tiedemann to capitalize on opportunities to serve evolving clients’ needs more effectively,” said Michael Tiedemann, chief executive officer of Alvarium Tiedemann, in the release. “Expansion through strong organic growth and accretive acquisitions is a key priority for us, as a differentiated provider of financial advisory services and alternative investment opportunities. To date, we have successfully integrated a number of businesses, and this credit facility provides the financial flexibility to execute our growth initiatives to drive margin expansion.”

BMO, Fifth Third Bank, NA, PNC Bank, NA and Texas Capital Bank are joint lead arrangers and bookrunners. BMO Harris Bank NA is the administrative agent.

The global wealth and asset manager is based in New York.

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