Blackstone to Take Patria Stake

Blackstone to Take Patria Stake

Brazil M&A Funds

US-private equity shop Blackstone says it plans to acquire a 40% stake in Brazil-based investment management and corporate advisory firm Patria Investimentos. Blackstone will pay about $200m for the stake using cash and stock, according to wires. "Partnering with Patria will enable Blackstone's limited partners and advisory clients to benefit from the fast expanding business opportunities in the country, as well as from Patria's deep knowledge of the local market," says Steve Schwarzman, chairma

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