Patria Investments announces sale of Aguas Pacifico desalination project in Chile, expected to finalize in Q1 2025.
Quiver AI Summary
Patria Investments Limited announced that its Patria Infrastructure Fund III has fulfilled the necessary conditions for the sale of the Aguas Pacifico water desalination project in Chile to Patria Infrastructure Fund V and other investors. The transaction, signed in December 2024, is expected to close in the first quarter of 2025, backed by various global institutional and sovereign wealth investors. This sale underscores Patria’s strategy to invest in infrastructure projects across Latin America that alleviate structural issues and support local economies. Aguas Pacifico is situated in a region facing significant water scarcity, making it a vital project for future growth. Patria Investments aims to create enduring returns for clients while contributing positively to the regions it serves, managing over $44 billion in assets across multiple sectors.
Potential Positives
- Patria Infrastructure Fund III's successful approach to selling Aguas Pacifico demonstrates strong asset management capabilities and strategic growth in infrastructure investments in Latin America.
- The sale is supported by global investors, including sovereign wealth funds and institutional investors, indicating a high level of confidence in the project's value and the firm's reputation.
- The transaction reflects Patria's commitment to addressing structural bottlenecks in the region, which can enhance its corporate image and social responsibility profile.
- The impending completion of the sale in 1Q25 underscores Patria's ability to efficiently execute significant investment transactions within a predefined timeline.
Potential Negatives
- The transaction involves the sale of a major asset (Aguas Pacifico), indicating potential liquidity issues or strategic reallocations in Patria's portfolio.
- The reliance on external global investors, including sovereign wealth funds, raises concerns about the sustainability of Patria's funding sources and investor confidence.
- The press release includes numerous forward-looking statements, underscoring potential uncertainties and risks that could impact the company's future performance.
FAQ
What is Aguas Pacifico and its significance?
Aguas Pacifico is a water desalination project in Chile, addressing severe water scarcity in the region and supporting local economies.
When is the sale of Aguas Pacifico expected to be completed?
The sale of Aguas Pacifico is expected to be completed in the first quarter of 2025.
Who are the investors involved in this transaction?
The transaction involves Patria Infrastructure Fund V and other global investors, including sovereign wealth funds and institutional investors.
How does this sale reflect Patria's investment strategy?
This sale demonstrates Patria's commitment to long-term investments in infrastructure that address structural challenges in Latin America.
What does Patria Investments specialize in?
Patria Investments specializes in alternative asset management, focusing on private equity, infrastructure, credit, real estate, and public equities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
GRAND CAYMAN, Cayman Islands, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager, announced that Patria Infrastructure Fund III (“IS Fund III”) has substantially met the conditions precedent necessary for the sale of Aguas Pacifico, a multi-client water desalination project under construction in Chile, to Patria Infrastructure Fund V (“IS Fund V”) and other investors. The agreement for the transaction was signed in December 2024.
The sale of this asset is expected to be completed in 1Q25 and will be supported by a number of global investors, including sovereign wealth funds and institutional investors, in addition to IS Fund V, highlighting the long-term attractiveness of this platform.
The transaction reflects Patria’s long-term commitment to investing across infrastructure sectors in Latin America that address structural bottlenecks and generate positive impact on local economies and populations. Aguas Pacifico is located in Chile’s central region and is positioned for additional growth considering the strong demand and severe water scarcity in the region. It also illustrates the power of Patria’s strategic approach to infrastructure investment in the region, demonstrating our ability to develop and de-risk high-quality assets, partner with global investors, and generate attractive investment returns.
About Patria Investments
Crafting attractive returns for its clients and building a legacy in the regions where it operates. Patria is a leading alternative investment firm with over 35 years of history specializing 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$44 billion in 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: Latin America, Europe and United States
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "can," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Media Contact:
Burson / +44 20 7113 3468 /
[email protected]
Patria Shareholder Relations:
+1 917 769 1611 / [email protected]