Patria Investments Agrees To Acquire Private Equity Solutions Business From abrdn To Expand Global Private Markets Capabilities, For Up To £100M (~$122M), With £80M As Base Value And £20M As Contingent Payment
Portfolio Pulse from Benzinga Newsdesk
Patria Investments has agreed to acquire the private equity solutions business from abrdn for up to £100M (~$122M), with £80M as base value and £20M as contingent payment. This acquisition is aimed at expanding Patria's global private markets capabilities.
October 16, 2023 | 10:07 am
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POSITIVE IMPACT
Patria Investments' acquisition of abrdn's private equity solutions business could potentially enhance its global private markets capabilities.
The acquisition of abrdn's private equity solutions business by Patria Investments is a strategic move to expand its global private markets capabilities. This could potentially lead to increased revenues and profitability for Patria, which could positively impact its stock price in the short term.
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