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Abrdn to Sell European Private Equity Business to Patria Investments for Up to GBP100 Mln

Abrdn to Sell European Private Equity Business to Patria Investments for Up to GBP100 Mln

By Elena Vardon Abrdn has agreed to sell its private-equity business headquartered in Europe to Patria Investments for up to 100 million pounds ($121 million). The FTSE 100 investment company said the sale–which is expected to close in the second half of 2024–follows a strategic review into its Alternatives business which concluded that it could...