Appleby acted for Alvarium Investments on the Isle of Man aspects of its circa USD1.2 billion business combination with Tiedemann Group and SPAC Cartesian Growth Corporation, now trading on NASDAQ as Alvarium Tiedemann Holdings, Inc.
Appleby also acted for Alvarium Tiedemann on the Isle of Man aspects of the group's new USD250 million credit facility with a syndicate led by BMO Capital Markets Corp. The facility, which is comprised of a USD150 million revolving credit facility and a USD100 million term loan facility, will be used to pay down subsidiary debt and fund growth initiatives for the group.
The Appleby team was led by partner Tom Brook with counsel Katherine Garrood and senior associate Sophie Corkish, and worked alongside Goodwin Procter LLP and Seward & Kissel LLP.