Blackstone Announces Strategic Alliance with Pátria

Jun 26, 2004, 00:00 AM by User Not Found
New York, Monday, June 26, 2004: Pátria–Banco de Negócios and The Blackstone Group today announced the formation of a strategic alliance with the objective of developing corporate finance solutions for clients in Brazil. This agreement will allow both companies to maximize their local and international resources and expertise to better serve clients on their investment and business decisions.

New York, Monday, June 26, 2004: Pátria–Banco de Negócios and The Blackstone Group today announced the formation of a strategic alliance with the objective of developing corporate finance solutions for clients in Brazil. This agreement will allow both companies to maximize their local and international resources and expertise to better serve clients on their investment and business decisions.

The Blackstone Group, a private investment and advisory firm with offices in New York, Atlanta, Boston, London and Hamburg, was founded in 1985. The Blackstone Group’s core businesses are Private Equity Investing, Corporate Advisory, Restructuring Advisory, Real Estate Investing, Corporate Debt Investing and Marketable Alternative Asset Management. The firm has raised over $32 billion for alternative asset investing since its formation. Over $14 billion of that has been for private equity investing including Blackstone Capital Partners IV, the largest private equity fund at $6.45 billion, and Blackstone Communication Partners, the largest dedicated communications and media fund at over $2 billion. The firm has also raised $6 billion for real estate investing and manages over $9 billion in funds of hedge funds.

Pátria-Banco de Negócios, which originated from Patrimônio Private Equity, is the first alternative investment and corporate advisory house in Brazil. Pátria is engaged in providing clients with strategic advice on mergers and acquisitions, restructurings and corporate finance, as well as the management of private equity, hedge funds and real estate investments. Assets under management currently total $400 million.

This strategic alliance between Pátria and The Blackstone Group reflects their mutual interest in benefiting from the growing opportunities in Brazil and in filling the void created by the departures and local downsizings of other international investment banks.