PATRIA | Jotup

BAE Systems delivers new prototype Armored Multi-Purpose Vehicle with unmanned turreted mortar capability to the U.S. Army

Retrieved on:

Wednesday, March 6, 2024

Aircraft, AMPV, C-UAS, Armored Multi-Purpose Vehicle, Growth, BAE Systems, Army, Soldier, Brigade combat team, Mortar carrier, NEMO, Telescopic sight

YORK, Pa., March 6, 2024 /PRNewswire/ -- BAE Systems has delivered a first-in-its-kind Armored Multi-Purpose Vehicle (AMPV) Turreted Mortar prototype to the U.S. Army.

Key Points:

YORK, Pa., March 6, 2024 /PRNewswire/ -- BAE Systems has delivered a first-in-its-kind Armored Multi-Purpose Vehicle (AMPV) Turreted Mortar prototype to the U.S. Army.
This vehicle prototype is also outfitted with the Patria NEMO remote-controlled 120mm turreted mortar system.
The AMPV Turreted Mortar prototype that leverages BAE Systems' ExMEP to rapidly integrate the NEMO 120mm mortar system is an indirect and direct fire support platform that can be used in multi-mission scenarios.
This is the second turreted AMPV prototype in the last three months that BAE Systems has showcased, the other being a Counter-Unmanned Aircraft System (C-UAS) capability , that utilizes the ExMEP top plate.

Patria Investments Announces Partnership with Bancolombia to Continue Latin American Expansion

Retrieved on:

Wednesday, July 5, 2023

Fee, Partnership, Investment, JV, Growth, Cryptocurrency, Bancolombia

The partnership will leverage Patria’s extensive private markets expertise in Latin America with Bancolombia’s well-established distribution capabilities to further expand access to alternative investment products in Colombia.

Key Points:

The partnership will leverage Patria’s extensive private markets expertise in Latin America with Bancolombia’s well-established distribution capabilities to further expand access to alternative investment products in Colombia.
While specific financial details of the transaction are not being disclosed, the joint venture will be structured with 51% ownership by Patria and 49% by Bancolombia, with approximately $1 billion of Fee Earning AUM at inception.
The transaction is expected to close during Q3 2023, and expected to be accretive to Patria’s Fee Related Earnings and Distributable Earnings from day one.
Patria’s management team will be available to discuss the transaction on Patria’s upcoming 2nd quarter 2023 earnings call.

Patria Investments Announces Divestment of ODATA and Entrevias from Infrastructure Portfolio

Retrieved on:

Tuesday, December 13, 2022

Data, Private equity, Real estate, Sale, IRR, Transport, Investment, History, VINCI, City, Financial services, Entrevías

Together these transactions are expected to generate approximately $1.4 billion in proceeds for investors in Patria’s Infrastructure Fund III.

Key Points:

Together these transactions are expected to generate approximately $1.4 billion in proceeds for investors in Patria’s Infrastructure Fund III.
ODATA is a data center service provider offering scalable, reliable and flexible IT infrastructure.
On December 1, 2022, Patria also announced the divestment of 55% of its stake in Entrevias Concessionária de Rodovias (“Entrevias”) to VINCI, a world leader in concessions, energy and construction.
The remaining portfolio of 5 active investments is performing well and is also positioned for divestment over the next few years.

Patria Announces Fourth Quarter & Full Year 2021 Investor Call

Retrieved on:

Friday, January 28, 2022

Shareholder, Investment, Private equity, Lists of companies, History, GLOBE, Real estate, Financial services

GRAND CAYMAN, Cayman Islands, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the fourth quarter and full year 2021 on Tuesday, February 15, 2022, and host a conference call via public webcast at 9:00 a.m.

Key Points:

GRAND CAYMAN, Cayman Islands, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the fourth quarter and full year 2021 on Tuesday, February 15, 2022, and host a conference call via public webcast at 9:00 a.m.
Patria distributes its earnings releases via its website and email lists.
Those interested in firm updates can sign up to receive Patria press releases via email at https://ir.patria.com/ir-resources/email-alerts .
Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for society.

Patria Investments Announces Launch of Growth Equity Strategy and Agreement to Partner with Kamaroopin

Retrieved on:

Wednesday, December 8, 2021

GRAND CAYMAN, Cayman Islands, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Patria Investments (Patria) (NASDAQ: PAX), a global alternative asset manager, announced today the launch of a new Growth Equity strategy, anchored by Kamaroopin, a private markets investment group previously affiliated with Tarpon Investments and led by Pedro Faria.

Key Points:

GRAND CAYMAN, Cayman Islands, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Patria Investments (Patria) (NASDAQ: PAX), a global alternative asset manager, announced today the launch of a new Growth Equity strategy, anchored by Kamaroopin, a private markets investment group previously affiliated with Tarpon Investments and led by Pedro Faria.
Growth Equity is highly complementary to our flagship private equity business, and expands our product offering to meet a key area of investor demand, said Alexandre Saigh, Patrias CEO.
With market size of more than $15 billion dollars in Latin America, Venture Capital and Growth Equity strategies are in high demand.
Should the requirements for the second stage not be satisfied, Patria and Kamaroopin would have optionality to unwind the transaction.

Patria Investments Completes Combination with Moneda Asset Management

Retrieved on:

Wednesday, December 1, 2021

GRAND CAYMAN, Cayman Islands, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Patria Investments (Patria) (NASDAQ: PAX), a global alternative asset manager, announced today that it has completed the previously announced combination with Moneda Asset Management (Moneda), a leading asset manager headquartered in Chile.

Key Points:

GRAND CAYMAN, Cayman Islands, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Patria Investments (Patria) (NASDAQ: PAX), a global alternative asset manager, announced today that it has completed the previously announced combination with Moneda Asset Management (Moneda), a leading asset manager headquartered in Chile.
For more than two decades, Patria and Moneda have built respected brands, and each earned the trust of investors as a conduit for investing in Latin America.
Moneda also manages more than $450 million in private credit investments, adding to more than $200 million managed by Patria, creating the foundation to pursue private credit product development in the region.
As of September 30, 2021, including the combination with Moneda Asset Management which closed on December 1, 2021, the combined platform managed nearly $25 billion of assets under management, with a global presence in 11 offices across 4 continents.

AM Best Affirms Credit Ratings of Reaseguradora Patria, S.A.

Retrieved on:

Tuesday, November 30, 2021

Insurance, Professional Services, News, Insurance, Credit, Data, Industry, AM Best, Risk management, COVID-19, ALL, AM, Investment, Good, ERM, Reinsurance

The outlook of these Credit Ratings (ratings) is stable.

Key Points:

The outlook of these Credit Ratings (ratings) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Patria Reports Third Quarter 2021 Earnings Results

Retrieved on:

Thursday, November 18, 2021

FRE, Review, Real estate, Credit, Securities Act of 1933, Risk, SEC, History, Private equity, Securities Exchange Act of 1934, Investment, Shareholder, GLOBE, U.S. Securities and Exchange Commission, Infrastructure, Growth, Security (finance)

GRAND CAYMAN, Cayman Islands, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the third quarter ended September 30, 2021.

Key Points:

GRAND CAYMAN, Cayman Islands, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the third quarter ended September 30, 2021.
The full detailed presentation of Patria's third quarter 2021 results can be accessed on the Shareholders section of Patrias website at https://ir.patria.com/ .
Patria generated Fee Related Earnings of $21.8 million in Q3 2021, up 24% from $17.6 million in Q2 2021, with an FRE margin of 58%.
Patria will host its third quarter 2021 earnings conference call via public webcast on November 18, 2021 at 9:00 a.m.

Patria Announces Third Quarter 2021 Investor Call

Retrieved on:

Monday, October 25, 2021

Private equity, History, Real estate, GLOBE, Investment, Shareholder, Infrastructure, Credit, Financial services

GRAND CAYMAN, Cayman Islands, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the third quarter 2021 on Thursday, November 18, 2021, and host a conference call via public webcast at 9:00 a.m.

Key Points:

GRAND CAYMAN, Cayman Islands, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the third quarter 2021 on Thursday, November 18, 2021, and host a conference call via public webcast at 9:00 a.m.
Patria distributes its earnings releases via its website and email lists.
Those interested in firm updates can sign up to receive Patria press releases via email at https://ir.patria.com/ir-resources/email-alerts .
Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating sustainable value for the society.

Essentia Energia, A Patria Investments Company, Announces The Beginning Of Sol do Sertao Solar Power Plant Operations

Retrieved on:

Thursday, October 21, 2021

Essentia, Sol, Efficiency, BNDES, Knowledge, State, Private equity, Real estate, CO2, Investment, Sao, Xique-Xique, Board, CEO, Sol do Meio Dia, Volkswagen Vento (A3), Credit, Wind, Renewable energy

SO PAULO, Oct. 21, 2021 /PRNewswire/ -- Patria Investments, a global alternative asset manager and leader in the sector in Latin America, announces the beginning of operations of Sol do Sertao Photovoltaic Complex (or Sol do Sertao Solar Power Plant), in Oliveira dos Brejinhos (Bahia State, Brazil), 300 miles from the State capital, Salvador.

Key Points:

SO PAULO, Oct. 21, 2021 /PRNewswire/ -- Patria Investments, a global alternative asset manager and leader in the sector in Latin America, announces the beginning of operations of Sol do Sertao Photovoltaic Complex (or Sol do Sertao Solar Power Plant), in Oliveira dos Brejinhos (Bahia State, Brazil), 300 miles from the State capital, Salvador.
The Sol do Sertao plant was the largest project finance structured by Brazil's development bank, BNDES, for a solar project up to its signing in October 2020, of R$ 910 million ($167 million).
"The beginning of Sol do Sertao's operations is an important milestone for Essentia.
The company operates in the generation and trading of renewable energy, with a focus on solar and wind power.