Augsburg/London/Sydney, 1 February 2022. PATRIZIA SE, a leading partner for global real assets, announced on 13 September 2021 the acquisition of Whitehelm Capital, an independently owned international infrastructure manager with an outstanding track record spanning over 23 years.
Following the approval from regulatory authorities successful closing of the transaction took place on 1 February 2022.
Whitehelm Capital therefore became part of PATRIZIA on 1 February 2022, having a positive earnings impact on PATRIZIA for eleven months of 2022.
The acquisition further strengthens PATRIZIA’s position as a leading global real asset investment manager and increases its Assets under Management (AUM) to over EUR 50bn in line with its mid-term growth strategy. The acquisition triples PATRIZIA’s infrastructure AUM to circa EUR 5bn, with PATRIZIA’s goal to grow the segment in the mid-term to EUR 15 to 20bn.
Whitehelm’s product offering and investment expertise will significantly broaden PATRIZIA’s portfolio of investment solutions with a particular focus on smart cities & digital infrastructure, de‑carbonisation & energy transition, water and environmental services, and social infrastructure, across equity, debt, and public listed infrastructure investments.
With more than 60 investment specialists in Australia and Europe and a track record of more than 100 infrastructure investments, Whitehelm has achieved for its clients an Internal Rate of Return (IRR) of 11.9% for global core infrastructure investments since inception. Whitehelm’s investment clients are predominantly pension funds located in APAC and Europe. With offices in Sydney, Canberra and London, Whitehelm will further expand PATRIZIA’s global reach and strengthen its footprint in APAC supporting PATRIZIA’s growth strategy in the region.
Whitehelm currently manages EUR 3.2bn AUM with EUR 1.6bn additional commitments and has over EUR 22bn funds under advice for institutional, government, and private clients in Australia.
PATRIZIA: A leading partner for global real assets
With operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 38 years. PATRIZIA manages more than EUR 50 billion in assets and employs over 900 professionals at 26 locations worldwide. Through its PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped around 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 22 years. You can find further information at www.patrizia.ag
Phone: +44 7881 276427