abrdn today announces that it has completed the sale of its £7.4bn AUM European-headquartered Private Equity business to Nasdaq-listed Patria Investments for up to £100m.
The sale follows a strategic review of our Alternatives business, within which we concluded that the capital generated from the sale of certain of our private equity businesses would be better deployed within our core investment businesses.
The proposed sale was first announced in October 2023.
Rene Buehlmann, CEO Investments, abrdn commented: “The sale of our European-headquartered Private Equity business to Patria Investments follows the sale of our US-headquartered Private Equity business to High Vista Strategies last year and marks another step forward in our efforts to reshape and simplify our Investments business.
We are building a modern investment company that brings together two leading UK wealth businesses with our global specialist asset manager that is now focused on areas where we have true strength and scale.”
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