Moneda Asset Management SpA, a leading LatAm asset manager headquartered in Chile and Patria Investments Limited agreed to integrate Moneda’s businesses with those of Patria, a global alternative asset manager, listed in NASDAQ. When completed, the transaction will create an unrivaled investments platform in Latin America, with a billionaire figure in assets under management and a leader in Private Equity, Infrastructure and Credit investments in the region. The combination will enhance Patria’s product offering by adding the largest credit investment platform in Latin America, from Moneda. It will also create the number one Private Investments in Public Equities (PIPE) manager in the region. The combination of the two operations will add geographical exposure within Latin America through client base and product offering and opens the opportunity for cross selling, leveraging a complementary investors base.

Our firm, which has provided legal services to Moneda since its foundation more than 25 years ago, advised Moneda and its shareholders throughout the transaction. The integration of Patria and Moneda businesses was structured through the acquisition by Patria (through its Uruguayan subsidiary Patria Investment LATAM SA) of all the shares issued by Moneda and a merger in the Cayman Islands between Patria and a company owned by Moneda’s shareholders, whose only assets would be all of Moneda’s international businesses, and which will allow to the current shareholders of Moneda to become shareholders of Patria.