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Patria Investments Completes Acquisition of Nexus Capital, Further Expanding its Real Estate Platform in Colombia
Transaction advances Patria’s efforts to consolidate the region’s fragmented Real Estate market by adding a diversified and well-established platform in
About this update from Patria Investments Limited
[{"type":"text","content":"Transaction advances Patria’s efforts to consolidate the region’s fragmented Real Estate market by adding a diversified and well-established platform in Colombia with over COP 3,000 billion (or approximately US$ 725 million) in assets under management across multiple strategies GRAND CAYMAN, Cayman Islands, July 16, 2024 (GLOBE NEWSWIRE) -- Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager and market leader in Latin America, confirmed today that it has completed the previously announced agreement to acquire Nexus Capital (“Nexus”), one of the top independent alternative real estate asset managers in Colombia, with over COP 3,000 billion (or approximately US$ 725 million) in assets under management (“AUM”) across multiple strategies. With the completion of the acquisition, Patria's Real Estate AUM in Colombia now surpasses US$ 2 billion. Financial terms of the transactions were not disclosed, but it is expected to be accretive to both Fee-related earnings and Distributable Earnings. Marcelo Fedak, Partner and Head of Real Estate at Patria, says: “We are very happy with the execution of this transaction which closed ahead of schedule, and excited to welcome the talented team at Nexus to Patria. The team at Nexus has generated attractive returns and developed an innovative approach to investing that is complementary to our existing real estate platform. We expect the team to contribute to our goals and strengthen our relationships with investors in Colombia and the region.” About Patria InvestmentsCrafting attractive returns for our clients and building a legacy in the regions where we operate. Patria is a leading alternative investment firm with 36 years of history specialized in key resilient sectors. Its unique approach combines the knowledge from macro analysts, investment leaders, operating partners and on the ground team. With over U$43 billion pro forma assets under management and a global presence, it aims to provide consistent returns in attractive long term investment opportunities while creating sustainable value for society. Asset Classes: Private Equity, Infrastructure, Credit, Public Equities, Real Estate and Global Private Markets Solutions Investment Regions: Latina America, Europe and United States Forward-Looking StatementsThis press release may contain forward-looking stateme...