Patria Investments to acquire WP Global Partners, terms undisclosed

Patria Investments (PAX) announced an agreement to acquire WP Global Partners. Founded in 2005 with offices in New York and Chicago, WP has 30 employees and has deployed over six billion dollars across a variety of sectors. The transaction involves an all-cash base price equivalent to 1.7% of fee-earning AUM and all cash earn out, subject to specific performance parameters to be paid in 2029. The transaction is expected to be accretive to both FRE and DE in the first year. Upon completion, the addition of WP’s approximate $1.8B of fee-earning AUM will increase Patria’s pro-forma total GPMS FEAUM to more than $13.3B.