Tag Archives: Patron Capital

Patron Capital closes NAMA’s Project Drive win paying €49m

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Patron Capital has this afternoon closed the acquisition of NAMA’s Project Drive paying around €49m for the predominantly Irish loan portfolio which includes the Northside Shopping Centre in Dublin. Project Drive had an outstanding loan balance of €228m which implies … Continue reading

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Anchorage Capital fails to make €373m Project Holly four-strong shortlist as CarVal wins Project Club

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NAMA has selected Kennedy Wilson, Lone Star, Starwood Capital and a joint bid from York Capital Management and D2 Private to progress through to the second round of the €373m Project Holly Irish non-performing loan portfolio sale, CoStar News can … Continue reading

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Three-strong shortlist submit final bids for NAMA’s €250m Project Club next week

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Final bids are due next week for NAMA’s €250m Project Club with a final three-strong shortlist comprising Patron Capital, Castlelake formerly named TPG Credit and a majority-led CarVal Investors joint venture bid with its loan servicing partner Pepper Asset Servicing. … Continue reading

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Mountgrange and Patron Capital buy £184m Mercury portfolio with Santander debt

Mountgrange and Patron Capital have bought Henderson Global Investors’ 24-strong Mercury UK regional secondary portfolio for £184m financed by £55m Santander five-year senior loan, closing the purchase last night 24 hours before a bondholder vote on an extension to the matured … Continue reading

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Patron Capital raises €880m increasing war chest to €3bn

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Patron Capital has completed an €880m capital raising for fourth successive fund for investment in pan-European distressed European property, taking its entire leveraged war chest to €3bn. The €880m capital raised for the Patron Capital IV includes a €100m dedicated … Continue reading

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TPG and Patron Capital close Uni-Invest acquisition

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TPG and Patron Capital, the private equity firms, closed their joint venture acquisition of Uni-Invest, the Dutch real estate company, on Friday following approval last Monday by the Dutch courts. Class A bondholders in the OPERA Uni-Invest CMBS – which … Continue reading

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TPG and Patron take the Uni-Invest spoils, zombie averted

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TPG and Patron Capital have won control of the Uni-Invest securitised debt after Class A noteholders this morning rejected Valad Europe’s consensual bid and approved the private equity joint venture partners’ credit bid within the last hour at Baker MacKenzie’s … Continue reading

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Uni-Invest bondholders cannot afford a ‘zombie’

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Opera Uni-Invest CMBS bondholders’ decision over which of the two competing workout proposals to back at this month’s series of EGMs has intriguing implications for the future of the distressed Dutch portfolio, as well as for the effectiveness of the … Continue reading

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Patron Capital hires Mark Collins ahead of 12-month £1bn spending spree

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Patron Capital, the European property debt and equity investor, has recruited former Lloyds Banking Group’s Mark Collins as chairman of its UK investment activity as it embarks on a 12-month £1bn spending spree. Collins, was managing director of the solutions … Continue reading

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