Patria Investments Limited · NASDAQ:PAX
Patria Investments — Merger or Acquisition (September 2021)
10 slides from Patria Investments's merger presentation, Sep 7, 2021
Slide 1: Patria & Moneda Transaction Overview
São Paulo Bogotá Montevideo Santiago Patria & Moneda Transaction Overview SEPTEMBER 2021
Slide 2: Disclaimer
2 Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any securities of Patria Investments Limited . The information contained herein does not purport to be all - inclusive . The
Slide 3: Patria & Moneda | A Compelling First Step In Our M&A Strategy
3 #1 Infrastructure & Patria & Moneda | A Compelling First Step In Our M&A Strategy Patria announces a combination with Moneda Asset Management, a leading diversified asset manager with over $10bn in AUM across credit & equities, and a 25+ year track record of growth, profitability and performance f
Slide 4: Moneda Overview
4 Moneda Overview Platform Summary ▪ Leading asset manager with a sticky US$10+bn AuM base across credit & equities (13% CAGR since 2007), and consistent FRE generation ▪ Partnership led by a like - minded, entrepreneurial team , with well - established relationships and strong culture alignment ▪ 2
Slide 5: Strong Track Record of Investment Performance & Excess Return
5 Strong Track Record of Investment Performance & Excess Return Proprietary valuation and credit analysis models Deep knowledge in credit in both private and public markets Actively managed strategies with proven investment approach Deep bottom - up approach Asset Class Fund (as June - 21) Currency
Slide 6: Satisfies all three pillars of our M&A strategy
6 ▪ Enhances product offering by adding a credit vertical that starts as #1 in LatAm and consolidates as the #1 PIPE manager in t he region ▪ Adds geographical exposure within Latin America through client base and product offering ▪ Opens the opportunity for cross - selling leveraging complementary
Slide 7: Growth & Synergy Opportunity
7 Growth & Synergy Opportunity Private & Public Credit Constructivist & Public Equities strategies Source : ANBIMA, Preqin, Central Bank of Brazil This presentation contains forward - looking statements, which should not be relied upon . For more information, see slide 2 . 26% 20 - year AuM CAGR Dis
Slide 8: Combined Platform Well-Positioned for Growth
8 Combined Platform Well - Positioned for Growth Pro - forma $15.8bn $10.0bn $25.9bn $8.3bn $9.7bn $18.0bn ~1.6% ~0.8% ~1.2% 75+mn 2 30+ mn 3 $105+mn 4 ~55% 2 40+% 3 50+% 4 Totals may not sum due to rounding . This presentation contains forward - looking statements, which should not be relied upon .
Slide 9: Transaction Details
9 Transaction Details Management Timing ▪ Total upfront consideration of $315 million in a combination of $128 million in cash and $187 million in PAX Class B common stock ▪ Contingent additional consideration of up to $59 million payable in years 2 and 3 after closing, subject to certain retention
Slide 10: Moneda Team
10 Moneda Team Pablo Echeverría Founding Partner, Chairman and Portfolio Manager Portfolio Manager of the Chilean Equity Strategy since 1994 and Chairman since 2007 27+ years in Moneda (32+ years of experience) Alfonso Duval Partner and CEO Alfonso Duval is partner since 2011 and CEO of Moneda Asset
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