Patria Investments Ltd Stock Price, News & Analysis

Patria Investments (NASDAQ: PAX) announced its merger with Moneda Asset Management on September 3, 2021, which will result in a dominant investment platform in Latin America with $25.9 billion in assets under management. The transaction strengthens Patria's offerings, particularly in credit investments, and positions it as a leading player in Private Equity and Infrastructure. Moneda, with a robust history of top performance, will enhance cross-selling opportunities. The deal, valued at $315 million, is expected to close by the end of 2021, pending regulatory approval.

Patria Investments Limited (PAX: NASDAQ) announced the full divestment of Centro de Imagem Diagnosticos S.A. (Alliar) through a private sale of 25,012,323 common shares. This transaction marks a significant move towards completing the divestment process of its Private Equity Fund III, which has delivered top quartile returns in Latin America since 2007. The divestment is subject to regulatory approvals and the termination of a Shareholders’ Agreement. Alliar, a major player in Brazil's medical diagnostics sector, is focused on expanding through acquisitions and partnerships.

Patria (Nasdaq:PAX) announced its Q2 2021 results, featuring a net income of $73.4 million and Fee Related Earnings (FRE) of $17.6 million, a 19% increase year-over-year. The company reported distributable earnings of $74.2 million, translating to $0.545 per share, boosted by $56.4 million in Performance Related Earnings. A quarterly dividend of $0.463 per share was declared, payable on September 16, 2021. Patria continues to accelerate capital deployment and earnings growth, highlighting a robust financial position.

Patria Investments Limited (PAX: NASDAQ) announces its successful acquisition of two toll road projects in Colombia: Malla Vial del Valle and Santa-Mocoa-Neiva. The company will invest up to US$345 million through its Infrastructure Fund IV. The Rutas del Valle project involves a 356km toll road network with an equity commitment of US$115 million, while Ruta al Sur is a 484km project with an estimated US$700 million in road improvements. These ventures deepen Patria’s foothold in Latin America, managing approximately 3,500 kilometers of toll roads.

Patria (Nasdaq: PAX) will release its Q2 2021 financial results on August 19, 2021, followed by a conference call at 9:00 a.m. ET. The results will be accessible via a public webcast, with a replay option on Patria’s website. Notably, Patria manages over US$ 14 billion in assets and has a presence in Latin America’s private markets, focusing on long-term investment opportunities across various products, including Private Equity and Infrastructure.

Patria Investments Limited (PAX: NASDAQ) successfully completed the initial public offering of its portfolio company SmartFit, pricing shares at R$23 and raising at least R$2.3 billion. The fitness club operator began trading on the Brazilian B3 Stock Exchange on July 14, 2021, marking the largest IPO in Latin America for a fitness company. Patria holds its stake in SmartFit through its fifth private equity fund, which has achieved a Gross MOIC of 2.3x and Net IRR of 32% as of March 31, 2021, outperforming similar funds globally.

Patria (Nasdaq:PAX) reported strong Q1 2021 results, with management fees up 31% and Fee Related Earnings (FRE) up 14% year-over-year. The company posted a net income of $13 million for the quarter and $62 million for the last twelve months (LTM). Patria's FRE for Q1 2021 was $17 million, with a 57% FRE margin, and $73 million LTM FRE, a 36% increase from the previous period. The company declared a quarterly dividend of $0.106 per share, payable on June 16, 2021, showcasing its commitment to returning value to shareholders.

Patria (Nasdaq:PAX) is set to release its first-quarter 2021 financial results on May 20, 2021, at 9:00 a.m. ET, followed by a conference call accessible via a public webcast. Investors can view the live broadcast or find the replay on Patria's website. With over 30 years of experience, Patria manages more than US$ 14 billion in assets across Latin America's private markets, focusing on delivering consistent returns through diverse investment products.

On March 18, 2021, Patria (Nasdaq: PAX) announced its unaudited financial results for Q4 and FY 2020. Key highlights include a Q4 net income of $16 million and FY total of $62 million. Fee Related Earnings rose to $20 million in Q4, a 20% increase from Q4 2019, with full-year FRE of $71 million, an increase of 13%. The company reported $70 million in Distributable Earnings for FY 2020, showing an 11% year-over-year growth. The firm emphasizes growth potential following its initial public offering.