Business
Patria Investments and Moneda Combine to Create Leading Private Equity, Infrastructure, Credit investment Platform in Latin America
Transaction will enhance the product offering, expand geographic reach, diversify currency exposures and improve distribution, benefiting clients and fueling
About this update from Patria Investments Limited
[{"type":"text","content":"Transaction will enhance the product offering, expand geographic reach, diversify currency exposures and improve distribution, benefiting clients and fueling growth\n Combined platform will have ~US$ 26 billion in assets under management\n\n\nGRAND CAYMAN, Cayman Islands, Sept. 3, 2021 /PRNewswire/ -- Patria Investments (\"Patria\") (NASDAQ: PAX), a global alternative asset manager, announced today that it will combine with Moneda Asset Management (\"Moneda\"), a leading asset manager headquartered in Chile. When completed, the transaction will create an unrivaled investment platform in Latin America, with $25.9 billion in assets under management and a leader in Private Equity, Infrastructure and Credit investments in the region. \nThe combination will enhance Patria's product offering by adding the largest credit investment platform in Latin America. It will also create the number one Private Investments in Public Equities (PIPE) manager in the region. The combination of the two operations will add geographical exposure within Latin America through client base and product offering and will open the opportunity for cross selling, leveraging a complementary investor base.\nWith more than US$ 10 billion in assets under management across credit and public equities, Moneda is a leading investment firm in Latin America, with more than 25 years of history and a track record of top quartile performance, profitability and growth. Moneda also has a robust bottom-up investment strategy that drives alpha generation. \n\"Our leadership team is thrilled that both companies are coming together. We are quickly delivering on the expansion strategy that we presented during our initial public offering earlier this year,\" said Alexandre Saigh, Patria's CEO. \"The transaction will be accretive to earnings per share within the first year.\"\nThe combined platform will manage over US$ 9.7 billion in Private Equity, US$ 5.5 billion in Credit (including US$650 million exposure to Private Credit), US$ 5.1 billion in Infrastructure, US$ 2.0 billion in Advisory & Distribution, US$ 3.0 billion in PIPE and Public Equities and US$ 500 million in Real Estate investments, in most cases with top quartile returns. \n\"Complementary is the word that defines this transaction,\" said Olimpio Matarazzo, senior managing partner and chairman of the board at Patria. \...