Cartesian Growth Corporation
GLBLW
NASDAQ Capital Market0.55
USD
+0.04
- -
Cartesian Growth Corporation
GLBLW
(NASDAQ Capital Market)
Recent
price
0.55
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Cartesian Growth Corporation (NASDAQ:GLBLW) operates as a blank check company, or special purpose acquisition company (SPAC), sponsored by an affiliate of Cartesian Capital Group LLC, with no significant current operations; it focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more high-growth businesses, particularly those with proven or potential transnational operations across sectors such as consumer, technology, industrials, and services. The company offers public shareholders access to a team with extensive private equity experience, including over 55 investments in 30 countries by the Cartesian team since 2006, led by Chairman and CEO Peter Michael Yu; it provides merger partners pathways to public markets, growth capital, and operational expertise without generating revenues until a combination occurs. Products and services encompass redeemable units comprising Class A ordinary shares and warrants (exercisable at $11.50 per share after combination), private placement warrants to the sponsor, and post-combination value-creation through organic growth, strategic planning, and internationalization support. Cartesian Growth Corporation maintains headquarters at 505 Fifth Avenue, 15th Floor, New York, New York 10017, United States, with a global investment focus spanning North America, Europe, South America, and Asia; founded in 2020 as a Cayman Islands exempted company, it completed its initial public offering in February 2021, raising $345 million including over-allotments, with units listed on Nasdaq under GLBLU (shares as GLBL, warrants as GLBLW). The sponsor holds Class B founder shares convertible to Class A upon combination, targeting businesses owned by families or management teams retaining significant equity post-transaction, aligned with UN Principles for Responsible Investment. Target customers include established high-growth firms seeking public listing and capital for expansion, evaluated via proprietary sourcing, due diligence on financials, operations, and management. In a major development, Cartesian Growth Corporation completed its initial business combination on January 3, 2023, with Tiedemann Group and Alvarium Investments, forming Alvarium Tiedemann Holdings, Inc. (AlTi Global, Inc., NASDAQ: ALTI), a wealth and asset management platform with approximately $60 billion in assets under management across four continents; the transaction, approved by shareholders on November 17, 2022, retained the GLBL/GLBLW tickers for the combined entity's common stock and warrants, marking a strategic shift from blank check status to operating alternative asset management serving high-net-worth individuals, institutions, and family offices. No further acquisitions, funding rounds, or product launches have occurred for the standalone entity within the last 1-2 years, though related sponsor vehicles—Cartesian Growth Corporation II and III—pursue similar SPAC strategies, with CGC III closing a $276 million IPO in May 2025. The deal provided continuity in leadership, with Peter Yu emphasizing AlTi's global ecosystem for customized advisory and investment opportunities.