PATRIZIA has agreed to acquire Whitehelm Capital, an independently owned infrastructure manager, in an effort to expand its global reach and bolster its footprint in Asia Pacific.
Whitehelm’s product offering and investment expertise are expected to significantly broaden PATRIZIA’s portfolio of investment solutions, with a particular focus on smart cities and digital infrastructure, decarbonization and the energy transition, water and environmental services, and social infrastructure.
Whitehelm’s investment clients are predominantly pension funds located in Asia Pacific and Europe. The firm currently has €3.2 billion ($3.7 billion) of assets under management.
Following the acquisition, PATRIZIA’s infrastructure assets will increase to €5 billion ($5.9 billion), with its total assets under management increasing to more than €50 billion ($59 billion).
“Whitehelm is a perfect strategic match for PATRIZIA,” said Thomas Wels, co-CEO of PATRIZ
