Milbank LLP advised AlTi Global (“AlTi”) on the acquisition of Kontora Family Office GmbH (“Kontora”), a multi-family office and asset management firm based in Hamburg, Germany.
AlTi, an independent global wealth management firm with over $77 billion in combined assets, is expanding its operations through this acquisition. Kontora, with approximately €14 billion in combined assets, provides financial services to ultra-high-net-worth families, entrepreneurs, and selected institutions, focusing on family office, investment office, and service office solutions.
The acquisition represents AlTi’s first European-based transaction following investments from Allianz X and Constellation Wealth Capital. A portion of Allianz X’s funding was allocated to AlTi’s expansion into Germany, reflecting growth opportunities in the region’s wealth management sector. The transaction supports AlTi’s objective of developing a global independent wealth management platform with a focus on alternative investments.
Kontora has operated for nearly two decades, specializing in financial structuring, including open and closed-end funds and alternative strategies for family offices, foundations, and non-profit organizations. The firm primarily serves clients in Germany and Austria, and its services align with AlTi’s broader offerings.
Milbank’s team advising AlTi was led by partner Sebastian Heim (Corporate/M&A, Munich) and included the partners Matthias Schell (Tax, Munich) and Alexander Rinne (Antitrust, Munich) as well the associates Julian Jaschinski, Svenja Tauchmann (both Corporate/M&A, Munich) and Christoph Wolf (Tax, Munich).
