Patron Capital: Difference between revisions
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{{multiple issues| |
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{{peacock|date=February 2012}} |
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{{advert|date=February 2012}} |
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{{Infobox company |
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|logo = [[File:Patron Capital Logo.png]] |
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|name = Patron Capital Partners |
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|type = [[Limited Partnership]]s |
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|industry = [[Private equity]], [[real estate]] |
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|founder = Keith Breslauer |
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|foundation = 1999 |
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|location = [[London]], United Kingdom (main adviser) |
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|products = [[Investments]], [[private equity fund]] |
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|num_employees = 71 (Patron team) |
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|assets = €2.5bn (equity) |
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|homepage = http://www.patroncapital.com/ |
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|twitter = @patroncapital |
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}} |
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'''Patron Capital Partners''' ("Patron") is a pan-European private equity real estate fund with its main investment advisor, Patron Capital Advisers LLP based in London, United Kingdom. Patron Capital Partners represents approximately €2.5 billion of capital across several funds and related co-investments. It targets opportunistic and value-oriented investments in undervalued and typically liquidity constrained property assets, loans and corporate entities with substantial underlying property value, predominantly in Western Europe. This includes investment in real estate and corporate operating entities whose value is primarily supported by real estate. The Fund focuses on middle-market transactions that typically require equity commitments in the range of €30 m to €90 m, although historically it has also have opportunistically invested in particularly attractive larger transactions. Through its clients, partners and funds Patron Capital have the capacity to invest over $10 billion in assets. |
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The fund was established in 1999. Keith M. Breslauer is the founding partner and the managing director of Patron Capital. As of November 2013 the Patron organisation includes a 71 person in-house team, consisting of 34 investment professionals and 8 senior advisers/direct partners, supported by a team of 29 in legal, tax, finance, structuring and administration. |
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Patron's main advisory offices are located in the United Kingdom and Luxembourg, with offices and significant partner operations in Germany, Italy, Romania, Spain and Poland. |
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As of November 2013, Patron has originated and executed over 100 transactions within 55 investments or programs, involving over 40 million square feet of assets in 13 countries across Europe.<ref>"[http://www.patroncapital.com/ Patron Capital Website]."</ref> Patron has been selected as one of the finalists for ‘Investor of the Year’ at the 2013 HealthInvestor Awards.<ref>{{cite web |url=http://www.healthinvestor.co.uk/Awardsfinalists2013.aspx |title=HealthInvestor Awards 2013|work=HealthInvestor|accessdate=11 June 2013 }}</ref> |
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==Funds== |
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Patron represents approximately €2.5 billion of capital across several funds and related co-investments from prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe and Middle East. |
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:* Captive Fund (1999), €76m |
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:* Patron Capital L.P. I (2001), $110m (€82m) |
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:* Patron Capital, L.P. II (2005), €303m |
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:* Patron Capital, L.P. III (2007), €868m |
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:* Patron Capital, L.P. IV (2011), €781m + €200m co-investment |
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==Recent investments/Exits== |
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Recent investments include: |
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:* In October 2013 a complex of 5 connected commercial real estate assets in central Manchester including the 23,000 spectator capacity Manchester Arena and 14,000 sqm of offices, were sold for £82.1m <ref>"[http://www.developmentsecurities.com/devsecplc/en/media/pressreleases/?ref=343&title=noshow]"</ref> |
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:* In July 2013 Patron Capital acquired 20,000sqm office complex single-tenanted located in Malakoff <ref>"[http://www.patroncapital.com/our-portfolio/current/malakoff]"</ref> |
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:* In March 2013 Patron and Legal & General acquired CALA Group Limited, UK’s premium major home builder. As of June 2013, CALA’s land bank over 10,000 plots with a further 4,500 plots within a longer term strategic landbank, with a gross development value in excess of £3.2 billion, equivalent to 7.2 years. <ref>"[http://www.bbc.co.uk/news/uk-scotland-scotland-business-24427940]"</ref> |
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:* In January 2013 sale of turnkey development of two hotels comprising 350 rooms at Westfield Stratford City, adjacent to London 2012 Olympic site for £58m to the Singapore-based M&L Hospitality group <ref>"[http://www.catererandhotelkeeper.co.uk/articles/7/1/2013/346928/patron-capital-sells-olympic-park-hotels-to-singapore-based-investor-for-58m.htm]"</ref> |
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:* In November 2012 Patron Capital and Mountgrange have combined to acquire a £184 million (€228 million; $292 million) 'distressed' property portfolio from Henderson Global Investors comprising 24 office, industrial and retail properties <ref>"[http://www.mountgrange.com/news/32]"</ref> |
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:* Patron Capital plans 950-bed Paris and 264-bed Rome Generator hostels. Recently new hostels in Barcelona(March) and Venice (July) were opened. Refurbishment of the London hostel was completed in October. <ref>"[http://metro.co.uk/2013/09/26/venices-generator-hostel-venetian-luxury-without-breaking-the-bank-4110591/]"</ref> |
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:* In September 2012 Patron Capital in JV with TPG acquired 202 assets across [[the Netherlands]] via the purchase of the senior loan and in turn the direct ownership of Uni-Invest; facilitated through the default of the bonds within the [[commercial mortgage-backed security]] vehicle of Opera Finance <ref>"[http://www.propertyeu.info/index-newsletter/opera-uni-invest-cmbs-the-facts-the-figures-and-the-options/ Opera Uni-Invest CMBS: the facts, the figures and the options]."</ref> |
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:* Acquisition of 3 residential blocks of apartments in [[Barcelona]] comprising 208 flats (14,700 sqm), 6 retail units (600 sqm), 230 parking spaces and 14 storage rooms <ref>"[http://www.economiadigital.es/es/notices/2010/12/habitat_inmobiliaria_vende_208_viviendas_en_el_poblenou_15631.php Habitat inmobiliaria vende 208 viviendas en el Poblenou]."</ref> |
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:* Acquisition of the Motor Fuels Group which owns and operates 58 petrol filling stations and associated convenience retailing stores located throughout the United Kingdom<ref>"[http://www.privateequitywire.co.uk/2012/01/10/160360/patron-capital-acquires-motor-fuels-group Patron Capital Acquires Motor Fuels Group]."</ref> Followed on by bolt on acquisition of 54 assets in July 2013 <ref>"[http://www.forecourttrader.co.uk/m/fullstory.php/aid/7481/MFG_owners_buy_54_petrol_filling_stations.html]"</ref> |
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:* Acquisition of a portfolio of 26 hotels (2,861 rooms) from the administrators of Jarvis Hotels<ref>"[http://www.jupiterhotels.co.uk/jupiter-hotels-launches.html Jupiter Hotels launches]."</ref> |
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:* Development of Gracewell, a platform whose primary objectives are to build, acquire and operate high quality care homes in the UK<ref>"[http://www.christiecorporate.com/news/pressrelease/2011/2011-05-26.aspx Patron Capital acquires three high quality turnkey care home developments from Highwood Group]."</ref> |
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:* Purchase of an office building of approximately 16,000 sqm in [[Berlin-Mitte]], close to [[Alexanderplatz]]<ref>"[http://www.patroncapital.com/our-portfolio/current/berlin-mollstrasse Patron Capital - Berlin Mollstrasse]."</ref> |
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:* Acquisition of a portfolio of 7 regional UK, family-oriented hotels (211 rooms) formerly owned by the Von Essen Group<ref>"[http://www.travelweekly.co.uk/Articles/2011/12/09/39032/more-von-essen-hotels-sold.html More von Essen hotels sold]."</ref> |
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:* Acquisition of a complex of 5 connected commercial real estate assets in central [[Manchester]] including the 23,000 spectator capacity [[Manchester Arena]] and 14,000 sqm of offices<ref>"[http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=DSC:LN&sid=a5qhIT8KkZV4 Development Secs.PLC DSC Statement re JV for MEN arena with Patron Capital]."</ref> |
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==Charity effort== |
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Patron Capital supported Charities involved in Cancer & Medical Research, Children's Hospitals, Senior Care, Mental Disability, Physically Challenged Youth, Religion, Community Security, Police Benevolent Association and Schools in Developing Countries.Patron Capital also takes part in the annual Royal Parks Foundation Half Marathon, raiding over £12,000 in 2013 benefiting Disabled Royal Marines and Resources for State School Teachers. <ref>"[http://www.patroncapital.com/community/charities-foundation Patron Capital - Charities]."</ref> |
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Keith Breslauer, Managing director and founder of Patron Capital, is a major benefactor and heavily involved in various charities, especially Jewish and Israeli causes. He climbed the [[Nose Route]] of [[El Capitan]] and raised more than £42,000 in 2011 for the disabled [[War veteran]]s of the [[Royal Marines]].<ref>"[http://edition.pagesuite-professional.co.uk/launch.aspx?referral=other&pnum=33&refresh=7j1P08CsZa40&EID=64c91126-e477-45fe-b070-f27485aeb2b0&skip=&p=33 Keith Nose how to help veterans by reaching summit]."</ref> Keith is the former President of St. John's Wood Synagogue and currently on the Board of Advisors of the Centre for Jewish Life in London.<ref>http://www.centreforjewishlife.org/index.php/about</ref> He is a major benefactor to Aish HaTorah UK and One Family, an Israeli-based charity. |
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==References== |
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{{reflist}} |
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==External links== |
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* [http://www.patroncapital.com/ Patron Capital] |
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{{Private equity and venture capital}} |
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[[Category:Private equity firms of the United Kingdom]] |
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