Patria Transfers Chilean Desalination Project to Sister Fund

Patria has transferred its Chilean desalination project, Aguas Pacifico, to a sister fund and private equity buyers. The transaction involved legal support from Proskauer Rose LLP and Chile’s Carey law firm, reflecting Patria’s strategic investment adjustments in the water treatment market.

Patria, a prominent Brazilian investment firm, has successfully transferred its Chilean desalination initiative, Aguas Pacifico, to a sister fund alongside a consortium of private equity investors. The transaction was facilitated by the legal expertise of Proskauer Rose LLP from two of its offices, in collaboration with Chile’s Carey law firm. This strategic move underscores Patria’s commitment to optimizing its investment portfolio in the water treatment sector.

The transfer of the Aguas Pacifico project signifies a notable shift in Patria’s investment strategy. It highlights the growing importance of desalination projects in Chile and the collaborative efforts of leading legal firms in executing complex transactions. This development may pave the way for future investments in similar sectors as firms adapt to market demands.

Original Source: latinlawyer.com