Acquisition of Whitehelm, an international infrastructure asset manager, triples PATRIZIA’s infrastructure Assets under Management (AUM) to c. EUR 5bn with mid-term goal to grow the segment to EUR 15 to 20bn
· Clients will benefit from a much broader and more diversified infrastructure investment offering, including smart cities & digital infrastructure, de-carbonisation & energy transition, water and environmental services, social infrastructure and transport
· Acquisition strengthens PATRIZIA’s global footprint, in particular in APAC, and accelerates path to achieve net zero carbon emissions in respect of more than 70% of AUM by 2040
· Initial purchase price of EUR 67m will be paid in a combination of cash and PATRIZIA shares with current Whitehelm team incentivised to drive further growth of PATRIZIA’s infrastructure business
Source : PATRIZIA