This article was written as part of our research process for our German multi-family office list. The acquisition of Kontora by AlTi Global is one of the most significant investments in the German multi-family office market in recent years.
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AlTi Global, a US-based independent wealth manager and family office overseeing more than $77 billion in assets, has announced its acquisition of Kontora Family Office GmbH, one of Germany’s leading multi-family offices. The Hamburg-based firm, which manages and advises on approximately €14 billion in assets, serves ultra-high-net-worth (UHNW) families, entrepreneurs, and select institutions, primarily in Germany and Austria.
Strategic multi family office acquisition in Europe
The transaction marks AlTi’s first European acquisition following a strategic investment from Allianz X and Constellation Wealth Capital. A portion of the funding from Allianz X was designated for AlTi’s expansion into Germany, underlining the firm’s ambitions in the country’s wealth management market. The deal follows two US-based acquisitions in 2024 and further cements AlTi’s strategy of becoming the premier independent wealth management platform for UHNW clients, with a particular focus on alternative investments.
Kontora, a founder-led firm with nearly two decades of experience, offers an array of family office, investment office, and service office solutions. The firm specializes in structuring and administering financial assets for family offices, foundations, and non-profits, as well as advising on open- and closed-end funds and alternative investment strategies. The acquisition will see Kontora’s Co-Chief Executive Officers, Stephan Buchwald and Dr. Patrick Maurenbrecher, reinvest part of the transaction proceeds into AlTi and assume senior leadership roles within the global wealth manager.
AlTi’s Chief Executive Officer, Michael Tiedemann, underscored the significance of the German market, citing its sophisticated investor base and thriving entrepreneurial environment. “We look forward to working with Kontora to offer best-in-class global access and solutions, combined with the personalised service of a boutique family office,” he stated. The firm’s partnership with Allianz X is expected to play a strategic role in its continued European expansion.
For Kontora, the acquisition represents an opportunity to scale its capabilities while maintaining its core philosophy. Buchwald and Maurenbrecher described AlTi as “a like-minded, independent, and entrepreneurial business on a global scale.” They highlighted the benefits of integrating into AlTi’s ecosystem, which provides enhanced access to advisory services and investment opportunities.
In May 2024, AlTi Global was also active in the US market an acquired Envoi LLC, a Minneapolis-based family office with $3bn AUM. The deal was valued at $25.2M.
Source: AlTi Global (07.03.2025)
Picture Source: Jörg Angeli (18.02.2025)
Last Updated on March 7, 2025
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