The Firm represented the underwriters, led by global coordinators J.P. Morgan Securities LLC, BofA Securities, Inc. and Credit Suisse Securities (USA) LLC, in the initial public offering by Patria Investments Limited (“Patria”) of Class A common shares at a price to the public of US$17 per share, raising an aggregate of approximately US$588 million in gross proceeds, including approximately US$263 million pursuant to a secondary offering by Blackstone PAT Holdings IV, L.L.C., an affiliate of The Blackstone Group. Patria’s Class A common shares are listed on the Nasdaq Global Select Market under the ticker symbol “PAX.”
Patria is one of the leading private markets investment firms in Latin America in terms of capital raised and with diversified base of investors, with over 300 Limited Partners, across four continents, including some of the world’s largest and most important sovereign wealth funds, public and private pension funds, insurance companies, funds of funds, financial institutions, endowments, foundations and family offices.
The Simpson Thacher team was led by S. Todd Crider and Grenfel S. Calheiros and included Luis Pellerano and Siddharth Fresa (Capital Markets); Jennie Getsin (FINRA and Blue Sky); and Jonathan Cantor and Scott Grundei (Tax). International Associate Luana Torres provided valuable assistance.