Patria Investments to acquire a 51% stake in Solis Investimentos for $3.5bn.

Patria Investments, an alternative asset management company, agreed to acquire a 51% stake in Solis Investimentos, a Brazilian investment manager specializing in the structuring and management of CLOs, for $3.5bn. “This strategic acquisition helps us expand and further consolidate our leading position as a Credit platform in Latin America, while significantly strengthening our origination capabilities in a large, underserved, and rapidly growing market. We see significant structural tailwinds supporting the growing penetration of non-bank, asset-backed instruments like CLOs as solutions to companies’ and individuals’ demand for credit. Solis' expertise in large-scale origination, analysis and monitoring is highly complementary to our business. We will combine Solis' speed and technical capability with Patria's sector intelligence and access to global and local capital to strengthen both platforms and better serve clients and businesses,” José Augusto Teixeira, Patria Investments Partner.