Jump to content

Patron Capital: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Tags: Mobile edit Mobile web edit
Hgeorge22 (talk | contribs)
17 edits
Updated information, added references, removed promotional language
Line 13: Line 13:
|location = [[London]], United Kingdom (main adviser)
|location = [[London]], United Kingdom (main adviser)
|products = [[Investments]], [[private equity fund]]
|products = [[Investments]], [[private equity fund]]
|num_employees = 71 (Patron team)
|num_employees = 73 (Patron team)
|assets = €2.5bn (equity)
|assets = €2.5bn (equity)
|homepage = http://www.patroncapital.com/
|homepage = http://www.patroncapital.com/
Line 19: Line 19:
}}
}}


'''Patron Capital Partners''' ("Patron") is a Western 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 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.
'''Patron Capital Partners''' ("Patron") is a Western 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 investments in European property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.<ref>http://costarfinance.com/2012/09/03/tpg-and-patron-capital-close-uni-invest-acquisition/</ref> Patron targets [[opportunistic]] investments with an equity size typically in the range of €30m to €90m.<ref>http://costarfinance.com/2012/03/19/patron-capital-hires-mark-collins-ahead-of-12-month-1bn-spending-spree/</ref>


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 60 person in-house team, consisting of 27 investment professionals and 15 senior advisers/direct partners, supported by a team of 29 in legal, tax, finance, structuring and administration.
Patron was established in 1999. Keith M. Breslauer is the founding partner and the managing director of Patron Capital.<ref>http://www.pionline.com/article/20120917/PRINT/309179998/the-three-worlds-of-patron-capitals-keith-breslauer</ref> As of May 2015 the Patron organisation includes a 73-person in-house team, including a 42-person investment team.<ref>http://www.patroncapital.com/media/101266/150514_keith_breslauer_shortlisted_at_business_charity_awards.pdf</ref>


Patron's main advisory offices are located in the United Kingdom and Luxembourg, with offices and significant partner operations in Germany, Italy, Romania, Russia, Spain and Poland.
Patron's main advisory offices are located in the [[United Kingdom]] and [[Luxembourg]], with offices and significant partner operations in [[Germany]], [[Italy]], [[Spain]] and [[Poland]].<ref>http://www.peglobalnews.com/patron-capital-and-electra-partners-acquired-cala-group-limited/</ref>


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>
As of May 2015, Patron has invested in 56 investments involving over 65 million square feet in 13 countries.<ref>http://test.topinvestors.info/surveydetail.aspx?g=526</ref> In November 2014, the firm announced a deal with [[Legal & General]] to launch a strategic partnership to invest in long-term property-related opportunities with a positive social impact.<ref>http://www.ft.com/cms/s/0/f910c59e-6c08-11e4-b1e6-00144feabdc0.html</ref>

In addition to individual assets, Patron's investee companies include CALA Homes, Generator Hostels, Motor Fuel Group and the [[Powerleague]] five-a-side football centres.<ref>http://www.hospitalityandcateringnews.com/2014/01/patron-capital-acquires-the-clarion-hotel-ifsc-dublin/</ref>

In April 2015, Patron's managing director, Keith Breslauer, was named Property Entrepreneur of the Year at the 2015 Property Awards, organised by trade magazine [[Property Week]].<ref>http://www.awards.propertyweek.co.uk/2015-winners/</ref>


==Funds==
==Funds==
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.
Patron represents approximately €2.5 billion of capital across several funds and related co-investments. Investors include universities, institutions, private foundations, and high-net-worth individuals located throughout [[North America]], [[Europe]] and [[Middle East]].<ref>https://www.altassets.net/private-equity-news/patron-capital-adds-two-properties-to-its-uk-investment-portfolio.html</ref>
:* Captive Fund (1999), €76m
:* Captive Fund (1999), €76m
:* Patron Capital L.P. I (2001), $110m (€82m)
:* Patron Capital L.P. I (2001), $110m (€82m)
Line 38: Line 42:
Recent transactions include:
Recent transactions include:


:* In May 2015, Patron acquired two UK commercial property assets work more than £100m<ref>http://www.propertyfundsworld.com/2015/05/07/222954/patron-completes-two-more-acquisitions-worth-gbp100m</ref>
⚫
:* 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>
:* In July 2013 Patron Capital acquired a 20,000sqm single-tenanted office complex located in Malakoff <ref>"[http://www.patroncapital.com/our-portfolio/current/malakoff]"</ref>
:* In March 2015, Patron sold a retail property in [[Braunschweig]], Lower Saxony to Redevco Services Deutschland GmbH<ref>http://www.property-magazine.eu/redevco-acquires-karstadt-sports-braunschweig-31781.html</ref>
:* In November 2014, Patron sold a minority stake in its Generator Hostels business to [[Invesco]]<ref>http://www.bloomberg.com/news/articles/2015-05-07/flashpackers-lured-to-european-hostels-with-trendy-bars</ref>
⚫
:* In March 2013 Patron and Legal & General acquired CALA Group Limited, a UK home builder. As of June 2013, CALA’s land bank was 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 <ref>"[http://www.bbc.co.uk/news/uk-scotland-scotland-business-24427940]"</ref>
:* In October 2014, Patron, via its UK forecourt business Motor Fuel Group, completed its acquisition of the entire UK retail business of [[Murco Petroleum Limited]]<ref>http://www.insidermedia.com/insider/central-and-east/124617-motor-fuel-group-completes-murco-stations-purchase/</ref>
:* In November 2012 Patron Capital and Mountgrange jointly acquired a £184 million 'distressed' property portfolio from Henderson Global Investors comprising 24 office, industrial and retail properties <ref>"[http://www.mountgrange.com/news/32]"</ref>
:* In September 2014, Patron sold Mollstrasse 1, a freehold office property in Berlin-Mitte to Schroder Property<ref>http://www.investmenteurope.net/regions/germany/schroder-property-buys-e34m-berlin-office/</ref>
:* 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>
:* In August 2014, Patron sold Gracewell Healthcare for £153m<ref>http://www.healthinvestor.co.uk/ShowArticle.aspx?ID=3490</ref>
:* In September 2012 Patron Capital in a joint venture 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>
:* In May 2014, Paron acquired a €228m loan portfolio from [[NAMA]]<ref>http://www.propertyweek.com/patron-buys-nama-loan-portfolio/5068384.article</ref>
:* 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>
:* In May 2014, Patron and Leipziger Stadtbau AG sold two buildings in [[Leipzig]]<ref>http://www.propertyeu.info/index-newsletter/patron-sells-leipzig-properties/</ref>
:* 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>
:* In May 2014, Patron and Pamera acquired Ridlerstrasse 55 in [[Munich]]<ref>http://www.propertyeu.info/index-newsletter/patron-and-pamera-buy-munich-office/</ref>
:* 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>
:* In January 2014, Patron acquired the Clarion Hotel in the International Financial Services Centre in [[Dublin]]<ref>http://www.irishtimes.com/business/commercial-property/patron-capital-buys-clarion-hotel-in-ifsc-for-33m-1.1658885</ref>
:* 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>
⚫
:* 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.manchestereveningnews.co.uk/business/business-news/821m-deal-buy-phones-4u-6214913</ref>
:* 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>
:* In July 2013, Patron Capital acquired a 20,000sqm single-tenanted office complex located in [[Malakoff]], [[Paris]] <ref>https://www.pie-mag.com/articles/5692/uk-patron-s-paris-office-buy-said-at-euro-70m-plans-euro-500m-in-france/</ref>
:* Acquisition of a portfolio of seven 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>
⚫
:* In March 2013, Patron and [[Legal & General]] acquired CALA Group Limited, a UK home builder. As of June 2013, CALA’s land bank was 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 <ref>"[http://www.bbc.co.uk/news/uk-scotland-scotland-business-24427940]"</ref>
:* Acquisition of a complex of five 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>


==Charity effort==
==Charity effort==
Patron Capital supported Charities involved in Cancer & Medical Research, Children's Hospitals, Senior Care, Mental Disability, Physically Challenged Youth, and Schools in Developing Countries. Patron Capital also takes part in the annual Royal Parks Foundation Half Marathon, raising 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>
Patron Capital supported Charities involved in Cancer & Medical Research, Children's Hospitals, Senior Care, Mental Disability, Physically Challenged Youth, Community Security, Police Benevolent Association and Schools in Developing Countries.<ref>http://www.patroncapital.com/community/charities-foundations</ref> Patron has given free use of its [[Powerleague]] five-a-side football centres for charity tournaments to raise money for disabled Royal Marines veterans and has offered free breaks and away days at its Luxury Family Hotels to the families of disabled British servicemen.<ref>http://www.propertyweek.com/charity-begins-at-homes-offices-hotels-warehouses-and-shops/5065702.article</ref>


Keith Breslauer 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 Breslauer 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>

In 2014, Patron was the lead sponsor of the RM1664 Challenge, celebrating the 350th anniversary of the Royal Marines.<ref>http://www.patroncapital.com/media/92863/patron260k250714.pdf</ref> As part of this, Keith Breslauer joined 25 retired and serving Royal Marines in a cross-Channel kayaking challenge that raised £215,187 for the Royal Marines Charitable Trust Fund.<ref>http://www.cityam.com/205672/charitable-voyage-across-channel</ref>


==References==
==References==
Line 62: Line 68:
==External links==
==External links==
* [http://www.patroncapital.com/ Patron Capital]
* [http://www.patroncapital.com/ Patron Capital]
* [https://www.youtube.com/watch?v=7o_6K62JGQ4/ Video of Keith Breslauer preparing for the Royal Marines 1664 Challenge]


{{Private equity and venture capital}}
{{Private equity and venture capital}}

Revision as of 21:50, 20 May 2015

Patron Capital Partners
Company typeLimited Partnerships
IndustryPrivate equity, real estate
Founded1999
FounderKeith Breslauer
HeadquartersLondon, United Kingdom (main adviser)
ProductsInvestments, private equity fund
Total assets€2.5bn (equity)
Number of employees
73 (Patron team)
Websitehttp://www.patroncapital.com/

Patron Capital Partners ("Patron") is a Western 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 investments in European property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.[1] Patron targets opportunistic investments with an equity size typically in the range of €30m to €90m.[2]

Patron was established in 1999. Keith M. Breslauer is the founding partner and the managing director of Patron Capital.[3] As of May 2015 the Patron organisation includes a 73-person in-house team, including a 42-person investment team.[4]

Patron's main advisory offices are located in the United Kingdom and Luxembourg, with offices and significant partner operations in Germany, Italy, Spain and Poland.[5]

As of May 2015, Patron has invested in 56 investments involving over 65 million square feet in 13 countries.[6] In November 2014, the firm announced a deal with Legal & General to launch a strategic partnership to invest in long-term property-related opportunities with a positive social impact.[7]

In addition to individual assets, Patron's investee companies include CALA Homes, Generator Hostels, Motor Fuel Group and the Powerleague five-a-side football centres.[8]

In April 2015, Patron's managing director, Keith Breslauer, was named Property Entrepreneur of the Year at the 2015 Property Awards, organised by trade magazine Property Week.[9]

Funds

Patron represents approximately €2.5 billion of capital across several funds and related co-investments. Investors include universities, institutions, private foundations, and high-net-worth individuals located throughout North America, Europe and Middle East.[10]

  • Captive Fund (1999), €76m
  • Patron Capital L.P. I (2001), $110m (€82m)
  • Patron Capital, L.P. II (2005), €303m
  • Patron Capital, L.P. III (2007), €868m
  • Patron Capital, L.P. IV (2011), €781m + €200m co-investment

Recent Investments and Exits

Recent transactions include:

  • In May 2015, Patron acquired two UK commercial property assets work more than £100m[11]
  • In March 2015, Patron sold a retail property in Braunschweig, Lower Saxony to Redevco Services Deutschland GmbH[12]
  • In November 2014, Patron sold a minority stake in its Generator Hostels business to Invesco[13]
  • In October 2014, Patron, via its UK forecourt business Motor Fuel Group, completed its acquisition of the entire UK retail business of Murco Petroleum Limited[14]
  • In September 2014, Patron sold Mollstrasse 1, a freehold office property in Berlin-Mitte to Schroder Property[15]
  • In August 2014, Patron sold Gracewell Healthcare for £153m[16]
  • In May 2014, Paron acquired a €228m loan portfolio from NAMA[17]
  • In May 2014, Patron and Leipziger Stadtbau AG sold two buildings in Leipzig[18]
  • In May 2014, Patron and Pamera acquired Ridlerstrasse 55 in Munich[19]
  • In January 2014, Patron acquired the Clarion Hotel in the International Financial Services Centre in Dublin[20]
  • 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 [21]
  • In July 2013, Patron Capital acquired a 20,000sqm single-tenanted office complex located in Malakoff, Paris [22]
  • In March 2013, Patron and Legal & General acquired CALA Group Limited, a UK home builder. As of June 2013, CALA’s land bank was 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 [23]

Charity effort

Patron Capital supported Charities involved in Cancer & Medical Research, Children's Hospitals, Senior Care, Mental Disability, Physically Challenged Youth, Community Security, Police Benevolent Association and Schools in Developing Countries.[24] Patron has given free use of its Powerleague five-a-side football centres for charity tournaments to raise money for disabled Royal Marines veterans and has offered free breaks and away days at its Luxury Family Hotels to the families of disabled British servicemen.[25]

Keith Breslauer climbed the Nose Route of El Capitan and raised more than £42,000 in 2011 for the disabled War veterans of the Royal Marines.[26]

In 2014, Patron was the lead sponsor of the RM1664 Challenge, celebrating the 350th anniversary of the Royal Marines.[27] As part of this, Keith Breslauer joined 25 retired and serving Royal Marines in a cross-Channel kayaking challenge that raised £215,187 for the Royal Marines Charitable Trust Fund.[28]

References

  1. ^ http://costarfinance.com/2012/09/03/tpg-and-patron-capital-close-uni-invest-acquisition/
  2. ^ http://costarfinance.com/2012/03/19/patron-capital-hires-mark-collins-ahead-of-12-month-1bn-spending-spree/
  3. ^ http://www.pionline.com/article/20120917/PRINT/309179998/the-three-worlds-of-patron-capitals-keith-breslauer
  4. ^ http://www.patroncapital.com/media/101266/150514_keith_breslauer_shortlisted_at_business_charity_awards.pdf
  5. ^ http://www.peglobalnews.com/patron-capital-and-electra-partners-acquired-cala-group-limited/
  6. ^ http://test.topinvestors.info/surveydetail.aspx?g=526
  7. ^ http://www.ft.com/cms/s/0/f910c59e-6c08-11e4-b1e6-00144feabdc0.html
  8. ^ http://www.hospitalityandcateringnews.com/2014/01/patron-capital-acquires-the-clarion-hotel-ifsc-dublin/
  9. ^ http://www.awards.propertyweek.co.uk/2015-winners/
  10. ^ https://www.altassets.net/private-equity-news/patron-capital-adds-two-properties-to-its-uk-investment-portfolio.html
  11. ^ http://www.propertyfundsworld.com/2015/05/07/222954/patron-completes-two-more-acquisitions-worth-gbp100m
  12. ^ http://www.property-magazine.eu/redevco-acquires-karstadt-sports-braunschweig-31781.html
  13. ^ http://www.bloomberg.com/news/articles/2015-05-07/flashpackers-lured-to-european-hostels-with-trendy-bars
  14. ^ http://www.insidermedia.com/insider/central-and-east/124617-motor-fuel-group-completes-murco-stations-purchase/
  15. ^ http://www.investmenteurope.net/regions/germany/schroder-property-buys-e34m-berlin-office/
  16. ^ http://www.healthinvestor.co.uk/ShowArticle.aspx?ID=3490
  17. ^ http://www.propertyweek.com/patron-buys-nama-loan-portfolio/5068384.article
  18. ^ http://www.propertyeu.info/index-newsletter/patron-sells-leipzig-properties/
  19. ^ http://www.propertyeu.info/index-newsletter/patron-and-pamera-buy-munich-office/
  20. ^ http://www.irishtimes.com/business/commercial-property/patron-capital-buys-clarion-hotel-in-ifsc-for-33m-1.1658885
  21. ^ http://www.manchestereveningnews.co.uk/business/business-news/821m-deal-buy-phones-4u-6214913
  22. ^ https://www.pie-mag.com/articles/5692/uk-patron-s-paris-office-buy-said-at-euro-70m-plans-euro-500m-in-france/
  23. ^ "[1]"
  24. ^ http://www.patroncapital.com/community/charities-foundations
  25. ^ http://www.propertyweek.com/charity-begins-at-homes-offices-hotels-warehouses-and-shops/5065702.article
  26. ^ "Keith Nose how to help veterans by reaching summit."
  27. ^ http://www.patroncapital.com/media/92863/patron260k250714.pdf
  28. ^ http://www.cityam.com/205672/charitable-voyage-across-channel
Retrieved from "https://en.wikipedia.org/w/index.php?title=Patron_Capital&oldid=663319082"