Patron Capital has secured a “major investment” from Mitsubishi Estate Co (MEC) through its Mitsubishi Estate Global Partners (MEGP) investment management business.
MEGP is purchasing a majority stake in Patron as well as providing €600m in the form of equity commitments to Patron’s funds and financing for new sub-sector strategies, including real estate credit.
The transaction is part of a long-term strategic growth plan for Patron, providing new institutional backing and positioning the business for sustainable growth in the future.
Patron’s founder and managing director, Keith Breslauer, and the company’s team of senior partners would continue to manage Patron’s operations and lead the business for the long term, retaining a significant minority equity stake.
Breslauer (pictured) said: “In the 25 years since Patron was founded, we have worked successfully through many cycles, building a high-calibre team across Europe and using our deep relationships and skillset to access opportunities and drive market-leading returns.
“This significant investment from MEC, particularly as a leading property investor and developer, is a strong endorsement of our success and is the next step in our predefined growth plan to take the business to the next level and position it for sustainable, long-term growth. MEC has an exceptional history spanning over 130 years as a real estate developer and investor with a long-term strategic vision, goals and objectives that are aligned with ours in every way.
“From a focus on social impact and serving communities, to supporting people to create an entrepreneurial culture, and responding quickly to changing investment contexts, these are two organisations with shared values and proven longevity that have been built on the same approach. We are excited to work with MEC following this investment that will accelerate our growth and deliver significant benefits to our staff and investors.”
