Patria Completes Deal to Acquire 100% of VBI Real Estate; The Company Acquires 13 Real Estate Funds

On the afternoon of the first day of August, it was announced that Patria completed the acquisition of 100% of VBI Real Estate. The entire VBI team will be integrated into Patria, and the funds will continue to be managed by their respective teams.

After initially acquiring 50% of VBI, Patria has now purchased the remaining stake. Rodrigo Abbud and Ken Wainer, founding partners of VBI, will continue to work at the company as partners of Patria.

As reported by the REsource team, market speculations suggest that Abbud may lead the new real estate team. VBI's real estate funds (FIIs) will join Patria's real estate platform, along with those from Credit Suisse, whose funds were acquired in December 2023.

In addition to the entire structure and personnel, Patria acquired eight brick-and-mortar and five paper FIIs. With this, the company now has R$ 215 billion in assets under management, including Private Equity, Infrastructure, Credit, Public Equities, and Real Estate.

VBI has developed more than 224 thousand m² of industrial properties and warehouses, as well as more than 68 thousand m² of corporate developments, according to its website. The company states that 11% of its investors are American, 6% are British, 4% are German, and 72% are Brazilian.

"Now, fully integrated into Patria, we will continue to generate consistent returns from a robust vertical with a broad portfolio," commented Rodrigo Abbud in a press release.

As of the close of this report, Patria has not disclosed the transaction values or confirmed the management structure after the acquisition.