Funds managed by Patria Investments Limited have sold a 16.5% stake in the gym firm SmartFit. This transaction generated 2.2 billion reais in proceeds for the Patria-managed funds.
Following this divestiture, Patria-managed funds retain a 13.5% stake in SmartFit. This move reflects active portfolio management and the realization of value from a long-term investment.
The sale demonstrates Patria's strategy of optimizing its portfolio and generating liquidity from its holdings. This capital can be redeployed into new investment opportunities or returned to limited partners.
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