abrdn Private Equity Opportunities Trust plc
Legal Entity Identifier (LEI):
2138004MK7VPTZ99EV13
29 April 2024
Change of Name
The Board of abrdn Private Equity
Opportunities Trust plc (the "Company") notes the press release made
today by abrdn plc in respect of the completion of the sale of its
European-headquartered Private Equity business including the
Company's investment manager, abrdn Capital Partners LLP
("abrdn Capital Partners"),
to Patria Investments Ltd ("Patria"), a global alternative asset
manager (the "Transaction").
As announced at the Company's AGM on
27 March 2024, following an extensive due diligence process, the
Board consented to the Transaction by waiving the "Manager Change of Control" provisions
set out in the Company's investment management agreement with abrdn
Capital Partners.
The Company will continue to be
managed by abrdn Capital Partners (which has been renamed Patria
Capital Partners LLP), which is now an indirect subsidiary of
Patria.
With immediate effect:
· the
Company's name will change to Patria Private Equity Trust
plc;
· the
Company's registered office will change to 16 Charlotte Square,
Edinburgh, EH2 4DF;
· the
Company secretary will change to GPMS Corporate Secretary Limited
(an indirect subsidiary of Patria); and
· the
Company's website will change to https://patriaprivateequitytrust.com/
The Company has requested that the
FCA and the LSE update their records for the Company's new name and
to apply a new ticker (PPET) as soon as practicable, which is
expected to take effect on Wednesday, 1 May 2024.
Alan Devine, the Company's Chair,
said:
"As I mentioned at the Company's AGM in March,
the Board has undertaken extensive due diligence in respect of the
Transaction. We are delighted that the Transaction is not
going to result in any changes to: (i) the Company's management and
administration services; (ii) the Company's investment management
process; or (iii) the personnel managing and servicing the
Company.
The
Company will now be known as Patria Private Equity Trust plc to
align more closely to the Patria brand. This is an exciting period
for the Company as we continue to rely upon the existing attributes
of our Manager whilst also reaping the benefits of Patria's wider
geographical reach and private equity experience thus enabling us
to build upon the Company's growth and performance since its
establishment in 2001.
The
Board is excited for the next stage of the Company's journey, and
what Patria's involvement will bring."
For
further information, please contact:
|
Patria Private Equity Trust plc
|
|
|
Alan Devine (Chair)
|
via SEC
Newgate
|
|
The
Manager & Company Secretary
|
|
|
Alan Gauld (Lead Manager)
Paul Evitt (Company
Secretary)
|
via SEC
Newgate
via SEC
Newgate
|
|
Dickson Minto Advisers
|
|
|
Douglas Armstrong
|
+44 (0)20
7649 6823
|
|
SEC
Newgate
|
|
|
Sally Walton
|
+44 (0)20 3757 6872
apeot@secnewgate.co.uk
|
Notes:
About Patria Investments
Patria is a global alternative
investment firm with over 35 years of history and, following
completion of the Transaction, has combined assets under management
of over $40 billion, and a global presence with offices in 12
cities across 4 continents. Further
information is available at www.patria.com.
