1. Patria to acquire RBR Gestão, increasing REIT assets to US$ 1.5 billion. 2. Post-acquisition, Patria to lead Brazil's REIT management sector. 3. Transaction expected to be accretive to earnings in the first year. 4. Patria's total Real Estate FEAUM will reach US$ 8.5 billion. 5. CAGR of 65% since Patria’s IPO highlights strong growth trajectory.
FAQ
Why Bullish?
The acquisition bolsters Patria's position in the REIT market, likely enhancing revenue streams and market perception. Historical precedents show similar acquisitions boost stock performance due to increased asset management scale.
How important is it?
The acquisition significantly increases Patria's market footprint and asset base, likely leading to improved financial metrics. Investors often favor growth through strategic acquisitions, which can lead to favorable stock price movements.
Why Long Term?
The long-term impact is expected as the transaction will expand revenue potential steadily over multiple quarters.
Patria Investments Expands Portfolio with RBR Gestão Acquisition
GRAND CAYMAN, Cayman Islands, Dec. 11, 2025 (GLOBE NEWSWIRE) — Patria Investments Limited (“Patria”) (NASDAQ: PAX), a leading global alternative asset manager, has announced its agreement to acquire RBR Gestão de Recursos Ltda. (“RBR Gestão”). Following an internal corporate reorganization, RBR Gestão will manage approximately US$ 1.5 billion in listed Real Estate Investment Trusts (“REITs”), enhancing Patria's position in the Brazilian real estate market.
Details of the Acquisition
RBR Gestão, the current manager of 12 funds—including 11 listed REITs—focuses primarily on Credit and Multi-Asset strategies. Assets outside the scope of this transaction will be restructured and managed by other entities within the RBR Group. The acquisition is not subject to shareholder or antitrust approvals but must satisfy customary conditions prior to closing.
Implications for Patria and the Brazilian REIT Market
With the acquisition, Patria is set to become the foremost manager of listed REITs in Brazil, offering diverse strategies such as Office, Logistics, Credit, Multi-Asset, and Urban Retail. The integration of RBR Gestão will result in an addition of approximately US$ 1.3 billion in Fee Earning Assets Under Management (FEAUM), raising Patria's total Real Estate FEAUM to US$ 8.5 billion following the third quarter of 2025.
This increase reflects a remarkable Compound Annual Growth Rate (CAGR) of over 65% since Patria’s IPO in early 2021. Notably, high-margin Real Estate strategies will account for over 20% of Patria’s total FEAUM, with 90% of these assets in permanent capital vehicles.
Quote from Leadership
Rodrigo Abbud, Patria’s Head of Real Estate in Brazil, stated, “It’s remarkable to see the evolution of Patria’s Real Estate platform. With the acquisition of RBR Gestão and the management of these 12 funds, Patria becomes the leading REIT manager in Brazil, positioning us for continued growth in a market where, in addition to investment performance, scale is key.”
Transaction Timeline and Outcome
While specific transaction terms are undisclosed, the acquisition is projected to finalize in the first quarter of 2026 and is anticipated to enhance Patria’s Financial Real Estate (FRE) and Distributable Earnings (DE) in its inaugural year. For further updates, stakeholders can visit the Shareholders section of Patria's website at https://ir.patria.com/.
About Patria Investments
Founded 37 years ago, Patria is a premier alternative asset manager in Latin America, with expertise in resilient and growth sectors. With over US$ 51 billion in assets under management, Patria is recognized for delivering attractive returns through long-term investments while fostering sustainable development in the regions it operates.
Forward-Looking Statements
This announcement may contain forward-looking statements, identified by terms such as "believes," "expects," "anticipates," "plans," and "predicts." These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated. For a detailed discussion of these risks, please refer to the section entitled “Risk Factors” in Patria's annual report on Form 20-F, available on the SEC’s website at www.sec.gov.