Patron Capital

Patron represents approximately €4,0 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 and Asia.{{cite web|url=https://www.altassets.net/private-equity-news/patron-capital-adds-two-properties-to-its-uk-investment-portfolio.html|title=Patron Capital Adds Two Properties To Its UK Investment Portfolio - AltAssets Private Equity News|date=7 May 2015|publisher=}} It has delivered average annual returns in the high teens since the business was founded in 1999.{{Cite web|url=https://www.pionline.com/article/20120917/PRINT/309179998/the-three-worlds-of-patron-capitals-keith-breslauer|title=The three worlds of Patron Capital's Keith Breslauer|last=Carter|first=Drew|date=2012-09-17|website=Pensions & Investments|language=en|access-date=2019-03-12}}

:* 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 + €300m co-investment

:* Patron Capital, L.P. V (2016), €806m + €143m co-investment

:* Patron Capital, L.P. VI (2019), not disclosed

:* WISH Fund, information not disclosed

Recent transactions include:

:* 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{{cite news|url=https://www.bbc.co.uk/news/uk-scotland-scotland-business-24427940|title=Housebuilder Cala unveils plans to double in size |work=BBC News|date=7 October 2013 }}

:* In July 2013, Patron Capital acquired a 20,000sqm single-tenanted office complex located in Malakoff, Paris{{cite web |url=https://www.pie-mag.com/articles/5692/uk-patron-s-paris-office-buy-said-at-euro-70m-plans-euro-500m-in-france/ |title=UK Patron's Paris office buy said at ?70m, plans ?500m in France |accessdate=2015-05-20 |url-status=dead |archiveurl=https://web.archive.org/web/20150521122117/https://www.pie-mag.com/articles/5692/uk-patron-s-paris-office-buy-said-at-euro-70m-plans-euro-500m-in-france/ |archivedate=2015-05-21 }}

:* 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{{cite web|url=http://www.manchestereveningnews.co.uk/business/business-news/821m-deal-buy-phones-4u-6214913|title=An £82.1m deal to buy the Phones 4u Arena has been completed|author=Shelina Begum|date=21 October 2013|work=men}}

:* In January 2014, Patron acquired the Clarion Hotel in the International Financial Services Centre in Dublin{{cite news|url=http://www.irishtimes.com/business/commercial-property/patron-capital-buys-clarion-hotel-in-ifsc-for-33m-1.1658885|title=Patron Capital buys Clarion Hotel in IFSC for €33m|date=17 January 2014|newspaper=The Irish Times}}

:* In March 2014, Patron’s investment CALA Group acquired developer Banner Homes{{Cite news|url=https://www.ft.com/content/3f746eb4-b34a-11e3-b09d-00144feabdc0 |archive-url=https://ghostarchive.org/archive/3zStj |archive-date=2022-12-11 |url-access=subscription |url-status=live|title=Cala buys Banner Homes for estimated £200m|last=|first=|newspaper=Financial Times|date=24 March 2014|website=|access-date=}}

:* In May 2014, Paron acquired a €228m loan portfolio from NAMA{{cite web|url=http://www.propertyweek.com/patron-buys-nama-loan-portfolio/5068384.article|title=Patron buys NAMA loan portfolio|work=Property Week}}

:* In May 2014, Patron and Leipziger Stadtbau AG sold two buildings in Leipzig{{cite web|url=http://www.propertyeu.info/index-newsletter/patron-sells-leipzig-properties/|title=Patron sells Leipzig properties|date=26 May 2014|work=PropertyEU News}}

:* In May 2014, Patron and Pamera acquired Ridlerstrasse 55 in Munich{{cite web|url=http://www.propertyeu.info/index-newsletter/patron-and-pamera-buy-munich-office/|title=Patron and Pamera buy Munich office|date=6 May 2014|work=PropertyEU News}}

:* In August 2014, Patron sold Gracewell Healthcare for £153m{{cite web|url=http://www.healthinvestor.co.uk/ShowArticle.aspx?ID=3490|title=HealthInvestor - Article: Patron Capital sells Gracewell Healthcare for £153m|publisher=}}

:* In September 2014, Patron sold Mollstrasse 1, a freehold office property in Berlin-Mitte to Schroder Property{{cite web|url=http://www.investmenteurope.net/regions/germany/schroder-property-buys-e34m-berlin-office/|title=Schroder Property buys €34m Berlin office|work=Investment Europe}}

:* 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{{cite web|url=http://www.insidermedia.com/insider/central-and-east/124617-motor-fuel-group-completes-murco-stations-purchase/|title=MFG completes acquisition of 450 petrol stations|author=Insider Media Ltd|work=Insider Media Ltd}}

:* In November 2014, Patron sold a minority stake in its Generator Hostels business to Invesco{{cite web|url=https://www.bloomberg.com/news/articles/2015-05-07/flashpackers-lured-to-european-hostels-with-trendy-bars|title=Pampered Millennials Are Demanding High-End Hostels|author=Neil Callanan|date=7 May 2015|work=Bloomberg.com}}

:* In March 2015, Patron sold a retail property in Braunschweig, Lower Saxony to Redevco Services Deutschland GmbH{{cite web|url=http://www.property-magazine.eu/redevco-acquires-karstadt-sports-braunschweig-31781.html|title=Redevco acquires Karstadt Sports Braunschweig|publisher=}}

:* In May 2015, Patron acquired Arlington Business Park in Theale, Reading, and The Mint, a 120,000 sq ft office building in Leeds{{cite web|url=http://www.propertyfundsworld.com/2015/05/07/222954/patron-completes-two-more-acquisitions-worth-gbp100m|title=Patron completes two more acquisitions worth GBP100m|date=7 May 2015|work=Property Funds World}}

:* In June 2015, Patron sold Motor Fuel Group to Clayton, Dubilier & Rice{{cite web|url=https://www.thetimes.com/article/americans-pull-in-at-motorway-services-50f9dtm832p|title=Americans pull in at motorway services|work=The Times}}

:* In June 2015, Patron Capital and Suprema acquired a 51,000 sqm office complex from GE Real Estate{{Cite web|url=https://www.propertyfundsworld.com/2015/06/01/224289/patron-capital-and-suprema-acquire-berlin-office-property-ge-real-estate|title=Patron Capital and Suprema acquire Berlin office property from GE Real Estate|last=|first=|date=June 2015|website=|access-date=}}

:* In July 2015, Patron sold its office investment in Malakoff, south of Paris, to Eurosic for €80m{{cite web |url=http://www.propertyeu.info/index-newsletter/patron-capital-sells-eur-80m-paris-office-property-to-eurosic/ |title=Patron Capital sells €80m Paris office property to Eurosic |accessdate=2015-08-25 |url-status=dead |archiveurl=https://web.archive.org/web/20150803212141/http://www.propertyeu.info/index-newsletter/patron-capital-sells-eur-80m-paris-office-property-to-eurosic/ |archivedate=2015-08-03 }}

:* In July 2015, Patron Capital acquired a shared equity mortgage portfolio from Galliford Try plc{{Cite web|url=http://www.propertyfundsworld.com/2015/07/08/226618/patron-capital-acquires-shared-equity-mortgage-portfolio-galliford-try-plc-|title=Patron Capital acquires shared equity mortgage portfolio from Galliford Try plc|last=|first=|date=8 July 2015|website=Property Funds World|publisher=|access-date=13 July 2016}}{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }}

:* In September 2015, Patron Capital and APAM sold Crossways Point buildings in Dartford to CCLA Investment Management Ltd{{Cite news | url=https://www.propertyweek.com/patron-capital-and-apam-sell-crossways-point/5076619.article | title=Patron Capital and APAM sell Crossways Point | first=David | last=Parsley | work=Property Week | date=14 September 2015}}

:* On 12 October 2015, Patron Capital and RBS sold Jupiter Hotels for £160m{{Cite web|url=http://www.cityam.com/226372/rbs-and-patron-capital-sell-32-uk-hotels-to-owner-of-thailands-singha-beer|title=RBS and Patron Capital sell 32 UK hotels |last=Jefford|first=Kasmira|date=2015-10-12|access-date=2016-07-13}}

:* In December 2015, Patron acquired 7,000 sqm of existing residential asset blocks in Chamonix (France){{Cite web|url=https://www.shift-capital.com/en/references/financement-d-un-projet-de-developpement-pour-patron-capital|title=A development project financing in Chamonix for Patron Capital|last=|first=|date=|website=|access-date=}}

:* In December 2015, Patron together with Development Partner acquired “One Cologne” in Venloer Straße in Cologne{{Cite web|url=https://www.immobilienmanager.de/koeln-4600-quadratmeter-im-one-cologne-vermietet/150/50311/|title=Köln: 4.600 Quadratmeter im "One Cologne" vermietet|last=|first=|date=|website=|access-date=}}

:* In January 2016, Patron Capital and Electra Partners purchased Grainger Retirement Solutions for £325 million{{Cite web|url=http://www.cityam.com/231672/grainger-sells-retirement-solutions-business-to-private-equity-in-325m-deal|title=Grainger sells Retirement Solutions business for £325m|last=Jefford|first=Kasmira|date=2016-01-04|access-date=2016-07-13}}

:* In February 2016, Patron sold its stake in the Staybridge Suites hotel in Liverpool to its partner Cycas Hospitality{{Cite web|url=http://www.boutiquehotelier.com/generator-hostels-owner-sells-staybridge-suites-liverpool/|title=Generator Hostels owner sells Staybridge Suites Liverpool {{!}} Boutique Hotelier|website=www.boutiquehotelier.com|date=25 February 2016|access-date=2016-07-13}}

:* In February 2016, Patron Capital acquired four office buildings (c. 153,000 sq. ft.) at East Point Business Park in Dublin{{Cite web|url=http://www.patroncapital.com/our-portfolio/current/|title=East Point Business Park|last=|first=|date=|website=|access-date=|archive-url=https://web.archive.org/web/20120223151012/http://www.patroncapital.com/our-portfolio/current|archive-date=2012-02-23|url-status=dead}}

:* In July 2016, Patron Capital acquired a portfolio of 4 buildings, located across Spain, comprising 163 residential flats, 270 parking spaces and 163 storage rooms from Santander{{Cite web|url=https://www.elconfidencial.com/vivienda/2016-09-27/santander-patron-capital-pedro-barcelo-fondo-alquiler-viviendas_1266376/|title=Santander vende a Patron Capital cuatro bloques de pisos en alquiler por 25 millones|archive-url=https://web.archive.org/web/20161003222534/http://www.elconfidencial.com/vivienda/2016-09-27/santander-patron-capital-pedro-barcelo-fondo-alquiler-viviendas_1266376/|archive-date=2016-10-03|url-status=dead}}

:* In September 2016, Patron Capital and Fitzpatrick Lifestyle Hotels group sold Spencer Hotel in Dublin to John Malone Partnership{{Cite web|url=https://www.independent.ie/business/commercial-property/us-billionaire-john-malone-snaps-up-150m-dublin-hotel-portfolio-35087271.html|title=US billionaire John Malone snaps up €150m Dublin hotel portfolio|last=|first=|date=|website=|access-date=}}

:* In October 2016, Patron Capital sold its office complex Campus West in Munich to Quantum{{Cite web|url=http://www.immobilien-zeitung.de/1000037082/neuer-eigentuemer-fuer-campus-west-in-muenchen|title=Neuer Eigentümer für Campus West in München|last=|first=|date=|website=|access-date=}}

:* In November 2016, Patron completed the acquisition of 7 mainly office assets (4 office buildings, 2 office floors and 1 retail floor) in Madrid and Barcelona{{Cite web|url=http://www.patroncapital.com/our-portfolio/current|title=Spanish Office – Lagardère|last=|first=|date=|website=|access-date=|archive-url=https://web.archive.org/web/20120223151012/http://www.patroncapital.com/our-portfolio/current|archive-date=2012-02-23|url-status=dead}}

:* In December 2016, Patron Capital sold its office building Connect on Ridlerstrasse in Munich to a British institutional fund manager{{Cite web|url=https://www.propertyfundsworld.com/2016/12/14/246779/patron-capital-sells-munich-office-building-connect|title=Patron Capital sells Munich office building Connect|last=|first=|date=14 December 2016|website=|access-date=}}

:* In January 2017, Habitat Invest and Patron Capital announced a joint venture to invest in development of new urban renewal projects in Portugal for residential use{{Cite web|url=https://iberian.property/news/habitat-invest-and-patron-capital-partners-invest-/|title=Habitat Invest and Patron Capital Partners invest 100 million in Lisbon|last=|first=|date=|website=|access-date=}}

:* In March 2017, Patron Capital invested in three shopping centres in Spain together with Eurofund Capital Partners. The assets are located in Cuenca, Alcalá de Guadaira and Alzamora in Alcoy{{Cite web|url=https://realassets.ipe.com/news/markets-and-sectors/patron-buys-malls-as-it-earmarks-500m-for-spanish-investments/realestate.ipe.com/news/markets-and-sectors/patron-buys-malls-as-it-earmarks-500m-for-spanish-investments/10018349.fullarticle|title=Patron buys malls as it earmarks €500m for Spanish investments|last=|first=|date=|website=|access-date=}}

:* In March 2017, Patron Capital sold Generator Hostels to Queensgate Investments for €450 million{{Cite web|url=https://skift.com/2017/03/13/generator-hostels-sold-to-another-private-equity-firm-for-480-million/|title=Generator Hostels Sold to Another Private Equity Firm for $480 Million|last=|first=|date=13 March 2017|website=|access-date=}}

:* In April 2017, Patron Capital sold The Badby Group to Elysium Healthcare{{Cite web|url=http://www.patroncapital.com/media/118392/170407badbysale.pdf|title=Patron Capital sells The Badby Group to Elysium Healthcare|last=|first=|date=|website=|access-date=}}

:* In April 2017, Patron Capital acquired additional interests in Retirement Bridge Group to own 100% of the Group{{Cite web|url=http://www.patroncapital.com/media/119099/170421_patron.pdf|title=Patron Capital acquires additional interests in CALA Group and Retirement Bridge Group and agrees add-on acquisition of Sovereign Reversions|last=|first=|date=|website=|access-date=}}

:* In June 2017, Patron Capital together with Paulus Immobilien GmbH purchased a development site in Frankfurt’s Europaviertel{{Cite web|url=http://www.thomas-daily.de/en/news/item/id/51115/t/Frankfurt-Paulus-Immobilien-plans-development-in-Europaviertel|title=Frankfurt: Paulus Immobilien plans development in Europaviertel|last=|first=|date=|website=|access-date=}}

:* In June 2017, Patron Capital and Suprema sold its Berlin office complex investment to Allianz{{Cite web|url=https://www.ipe.com/news/investors/allianz-buys-berlin-office-complex-from-patron-capital-and-suprema/10019328.article|title=Allianz buys Berlin office complex from Patron Capital and Suprema|last=|first=|date=|website=|access-date=}}

:* In July 2017, Patron Capital sold its investment in one of the largest Dutch Real Estate platforms, Merin, to DREAM Global{{Cite web|url=https://www.propertyfundsworld.com/2017/07/18/254047/tpg-and-patron-capital-sell-investment-merin-dream-global-reit|title=TPG and Patron Capital sell investment in Merin to Dream Global REIT|last=|first=|date=18 July 2017|website=|access-date=}}

:* In July 2017, Optimum Credit, owned by Patron, completed the first public securitisation of second-charge mortgages by a UK mortgage lender since the credit crisis{{Cite web|url=http://www.patroncapital.com/media/121003/170603_optimum_credit_securitisation.pdf|title=Optimum Credit completes first public securitisation of second-charge mortgages by a UK mortgage lender since the credit crisis |last=|first=|date=|website=|access-date=}}

:* In August 2017, Patron Capital and Heineken completed £1.8 billion acquisition of Punch Taverns,{{Cite web|url=https://realassets.ipe.com/news/markets-and-sectors/patron-capital-and-heineken-buy-18bn-punch-taverns/10020364.article|title=Patron Capital and Heineken buy £1.8bn Punch Taverns|last=|first=|date=|website=|access-date=}} which owns a number of pubs in the UK, including The Griffin, Whetstone.

:* In September 2017, Patron Capital and First Base acquired the former Amex headquarters in Brighton for a mixed-use scheme providing new homes, workspace and convenience stores{{cite news | url=https://www.propertyweek.com/news/patron-and-first-base-get-green-light-for-100m-amex-house-conversion-in-brighton/5097774.article | title=Patron and First Base get green light for £100m AMEX House conversion in Brighton | first=Richard | last=Hook | work=Property Week | date=19 July 2018}}{{cite press release | url=http://www.firstbase.com/first-base-and-patron-capital-acquire-two-acre-site-in-brighton/ | title=FIRST BASE AND PATRON CAPITAL ACQUIRE TWO ACRE SITE IN BRIGHTON | publisher=First Base | date=August 31, 2017}}

:* In October 2017, Patron Capital sold Luxury Family Hotel to the management team and its backers{{Cite web|url=https://www.propertyfundsworld.com/2017/10/09/256915/patron-capital-sells-luxury-family-hotels|title=Patron Capital sells Luxury Family Hotels|last=|first=|date=9 October 2017|website=|access-date=}}

:* In October 2017, Patron Capital acquired Jacobs Inn Hostel in Dublin{{Cite web|url=http://europe-re.com/patron-capital-and-code-collaborate-to-create-new-pod-hostel-in-dublin-ie/64331|title=Patron Capital and CODE collaborate to create new pod hostel in Dublin (IE) |last=|first=|date=|website=|access-date=}}

:*In May 2018, Patron Capital acquired Le Magnum, an office building in Greater Paris{{Cite web|url=http://realassets.ipe.com/news/patron-capital-fund-buys-le-magnum-office-building-in-paris/10024913.fullarticle|title=Patron Capital fund buys Le Magnum office building in Paris|last=staff|first=29 May 2018By IPE|website=IPE|language=en|access-date=2019-03-12}}

:*In September 2018, Patron Capital sold a portfolio of office properties in Dublin to Madison International Realty{{Cite web|url=https://irei.com/news/patron-sells-dublin-office-portfolio-madison/|title=Patron sells Dublin office portfolio to Madison {{!}} News|date=2018-09-17|website=Institutional Real Estate, Inc.|access-date=2019-03-12}}

:* In September 2018, Patron Capital and a Spanish residential developer acquired a number of residential properties with the objective of investing into different projects across Spain

:* In November 2018, Patron Capital acquired a portfolio of residential development properties in Catalonia and the Balearic Islands provinces of Spain

:* In December 2018, Patron Capital completed the sale of the UK Shared Equity Mortgage investment to Gresham House

:* In March 2019, Patron Capital acquired the Sheraton Warsaw Hotel, located in central Warsaw, Poland {{Cite web|url=http://europe-re.com/patron-capital-acquires-sheraton-warsaw-hotel-pl/66364|title=Patron Capital acquires Sheraton Warsaw Hotel (PL)}}

:* In March 2019, Patron Capital sold Capital Park to Madison International Realty {{Cite web|url=https://www.businessimmo.com/eu/contents/107834/madison-acquires-66-in-warsaws-capital-park-from-patron-capital|title=Madison acquires 66% in Warsaw's Capital Park from Patron Capital|date=11 March 2019}}

:* In November 2019, Patron Capital sold Jacobs Inn Hostel in Dublin to BlackRock Real Estate{{Cite web|url=https://www.propertyfundsworld.com/2020/02/10/282806/patron-completes-sale-dublin-hostel-blackrock|title = Patron completes sale of Dublin hostel to BlackRock|date = 10 February 2020}}

:* In February 2020, Patron Capital completed the sale of Arlington Business Park {{Cite web|url=https://www.propertyfundsworld.com/2020/02/26/283370/patron-completes-gbp12925-million-sale-arlington-business-park|title = Patron completes GBP129.25 million sale of Arlington Business Park|date = 26 February 2020}}

:* From 2010 to 2020, Patron Capital acquired 19 care homes and 40 land plots for building high-end care homes across the UK

:* In July 2022, Patron Capital completed the sale of Barbosa du Bocage 35, a 3,600 sqm office building fully leased to Uber located in Lisbon, Portugal{{Cite web |title=Patron Capital completes Lisbon office sale to Silvip |url=https://www.property-magazine.eu/patron-capital-completes-lisbon-office-sale-to-silvip-62245.html |access-date=2022-08-17 |website=www.property-magazine.eu}}

Patron has won many awards over the years as well as being shortlisted for many awards in relation to specific investments, capital raise, fund manager, social investing and for Patron’s significant charity work and contribution.

In 2017 Patron was named “Property Fund Manager of the Year” at Property Week’s Property Awards and won the Deal of the Year at Property Week’s RESI Awards. It has also shared the award for “The Best Places to Work in Property”.{{Cite web|url=http://www.awards.propertyweek.co.uk/propertyweekawards2017/2017-winners|title=Congratulations to the winners of the Property Awards 2017|last=|first=|date=|website=|access-date=}}

In 2018, Patron was awarded the Business Culture Corporate Social Responsibility Award at the Business Culture Awards 2019.{{Cite web|url=https://businesscultureawards.com/finalists-2018/|title=Finalists 2018|website=Business Culture Awards|language=en-US|access-date=2019-03-12}} It also won Deal of the Year at the Retailers' Retailer Awards.{{Cite web|url=https://www.morningadvertiser.co.uk/Article/2018/03/09/Pub-groups-recognised-at-the-Retailers-Retailer-Awards-NWTC-Heineken|title=Pub groups recognised at the Retailers' Retailer Awards|last=morningadvertiser.co.uk|website=morningadvertiser.co.uk|language=en-GB|access-date=2019-03-12}}

In 2019, Patron was awarded the “Residential Care Provider of the Year” at Health Investor Awards and “Opportunistic Fund of the Year” from REFI Europe Awards. It also won “Best Delivered Scheme outside of London under 35,000sq/ft” by Office Agents Society Development Awards and “Business Culture Corporate Social Responsibility Award” at Business Culture Awards.{{Citation needed|date=March 2021}}

In 2020, Patron has been shortlisted for “Fund Manager of the Year” at Property Week Awards, “Property Manager of the Year” at Asset Management Awards, and “Pro Bono Company of the Year” & “Partnership with a National Charity” at Better Society Awards 2020.{{Citation needed|date=March 2021}}

{{reflist}}

• [http://www.patroncapital.com/ Patron Capital]
• @patroncapital at Twitter

{{Private equity and venture capital}}

Category:Financial services companies established in 1999

Category:Private equity firms

Category:1999 establishments in England