Core Insights - Patria Investments Limited has announced an agreement to acquire WP Global Partners, enhancing its presence and investment capacity in the U.S. lower-middle-market private equity sector [2][3] - The acquisition is expected to increase Patria's Fee Earning Assets under Management (FEAUM) to over $13.3 billion, with nearly 40% of investments in U.S. assets [1][5] Company Overview - Patria has 37 years of experience and manages over $51 billion in assets across five core asset classes, evolving from a product provider to a solutions provider [4][7] - The firm operates more than 35 investment strategies across over 100 products, focusing on infrastructure, credit, and real estate funds [4] Acquisition Details - WP Global Partners, founded in 2005, has deployed over $6 billion across various sectors and has a team of 30 employees, including over ten experienced investment professionals [3] - The transaction involves an all-cash base price equivalent to 1.7% of FEAUM, with an additional cash earn-out based on performance parameters to be paid in 2029 [5] - The addition of WP's approximately $1.8 billion of FEAUM will significantly enhance Patria's global diversification strategy [5]

Core Viewpoint - Patria Investments Limited is acquiring WP Global Partners to enhance its presence and capabilities in the U.S. middle-market private equity sector, responding to growing global investor demand for such investments [2][4]. Group 1: Acquisition Details - The acquisition will increase Patria's Global Private Markets Solutions Fee Earning Assets under Management (FEAUM) to over $13.3 billion, with nearly 40% of investments in U.S. assets as of Q3 2025 [1][4]. - WP Global Partners, founded in 2005, has deployed over $6 billion across various sectors and has a team of 30 employees, including over ten experienced investment professionals [3][4]. - The transaction involves an all-cash base price equivalent to 1.7% of FEAUM, with an additional cash earn-out based on performance parameters to be paid in 2029 [5]. Group 2: Strategic Impact - The acquisition strengthens Patria's local presence and investment capacity in North America, complementing its existing Private Equity Solutions business and advancing its global diversification strategy [2][4]. - The addition of WP's approximately $1.8 billion of Fee-Earning AUM will enhance Patria's product offerings across private equity primaries, secondaries, and co-investments in the U.S. lower middle market [5][4]. - Patria has over 37 years of experience and manages more than $51 billion across five core asset classes, evolving from a product provider to a solutions provider with over 35 investment strategies [4][7].

Core Viewpoint - Patria Investments (PAX) has experienced significant selling pressure, resulting in a 7.7% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if PAX is oversold, with a current reading of 26.11 indicating potential exhaustion of selling pressure [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential price reversals, suggesting that PAX may present entry opportunities for investors [3] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for PAX by 2.7% over the last 30 days, indicating a consensus expectation for improved performance [7] - PAX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which signals a strong potential for a turnaround [8]

Core Viewpoint - Growth investors are focused on stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Patria Investments (PAX) is recommended as a growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for performance [2][11] Group 2: Earnings Growth - Historical EPS growth for Patria Investments is 8.8%, but projected EPS growth for this year is expected to be 25.1%, significantly higher than the industry average of 12% [5] Group 3: Cash Flow Growth - Year-over-year cash flow growth for Patria Investments is currently at 5.6%, surpassing the industry average of 5% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 26.8%, compared to the industry average of 6.6% [7] Group 4: Earnings Estimate Revisions - Current-year earnings estimates for Patria Investments have been revised upward, with the Zacks Consensus Estimate increasing by 2.7% over the past month [9]

Core Viewpoint - Investors are evaluating the value opportunities between Patria Investments (PAX) and BlackRock (BLK) in the Financial - Investment Management sector [1] Group 1: Zacks Rank and Earnings Estimates - PAX has a Zacks Rank of 1 (Strong Buy), while BLK has a Zacks Rank of 3 (Hold), indicating a stronger earnings outlook for PAX [3] - The Zacks Rank emphasizes companies with positive earnings estimate revisions, suggesting PAX is likely to see an improvement in its earnings outlook [3] Group 2: Valuation Metrics - PAX has a forward P/E ratio of 11.00, significantly lower than BLK's forward P/E of 20.65, indicating PAX may be undervalued [5] - PAX's PEG ratio is 0.71, compared to BLK's PEG ratio of 1.44, suggesting PAX has a better valuation relative to its expected earnings growth [5] - PAX's P/B ratio is 1.87, while BLK's P/B ratio is 3.09, further supporting the argument that PAX is more attractively valued [6] Group 3: Value Grades - PAX has earned a Value grade of A, whereas BLK has a Value grade of D, indicating that PAX is viewed more favorably by value investors [6] - The combination of Zacks Rank and Style Scores suggests that PAX is the better investment option compared to BLK at this time [6]

Core Viewpoint - Patria Investments Limited will release its financial results for Q4 and full year 2025 on February 10, 2026, and will host a conference call at 9:00 a.m. ET [1] Company Overview - Patria is a global alternative asset management firm focused on the mid-market segment, with a strong presence in Latin America and Europe [3] - The firm has 37 years of experience and manages over $51 billion in assets, aiming to deliver attractive returns through long-term investments while promoting sustainable development [3] Investment Focus - Patria specializes in various asset classes including Infrastructure, Credit, Real Estate, Private Equity, Solutions (GPMS), and Public Equities [4] - Key sectors of investment include Agribusiness, Power & Energy, Healthcare, Logistics & Transportation, Food & Beverage, and Digital & Tech Services [4] - The investment regions targeted by Patria are Latin America, Europe, and the U.S. [4]

Core Viewpoint - Patria Investments Limited (PAX) is identified as a strong value stock with a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating it is likely undervalued in the current market [4][9]. Valuation Metrics - PAX has a Forward P/E ratio of 10.79, significantly lower than the industry average of 14.78, with historical values ranging from a high of 11.39 to a low of 7.42 over the past year [4]. - The company holds a PEG ratio of 0.73, which is below the industry average of 0.98, with its PEG fluctuating between 1.66 and 0.55 in the past year [5]. - PAX's P/B ratio stands at 1.63, compared to the industry average of 3.55, with historical values between 1.66 and 1.06 [6]. - The P/S ratio for PAX is 2.86, lower than the industry average of 3.56, indicating a favorable valuation based on sales [7]. - PAX has a P/CF ratio of 18.91, which is also below the industry average of 33.76, with historical values ranging from 20.70 to 13.43 [8]. Conclusion - The combination of these valuation metrics suggests that PAX is currently undervalued, supported by a strong earnings outlook, making it an attractive investment opportunity for value investors [9].

Group 1 - The event is the fourth edition of PAX Talks focusing on macroeconomics and investing amidst geopolitical challenges [1] - The format of the event is a fireside chat Q&A, allowing audience participation through questions [1] - The company emphasizes that forward-looking statements made during the call are uncertain and should not be relied upon for future performance [2] Group 2 - Patria reports financial results using International Financial Reporting Standards (IFRS) rather than U.S. GAAP [3] - The company may refer to non-IFRS measures that are relevant for assessing financial performance, with reconciliations provided in earnings presentations and SEC filings [4]

Summary of Patria Investments Conference Call Company Overview - **Company**: Patria Investments (NasdaqGS:PAX) - **Date**: January 15, 2026 - **Format**: Fireside chat Q&A Key Industry Insights Macroeconomic Environment - The call emphasized the importance of geopolitical analysis for investment decisions, not just in Latin America but globally [5][6] - Patria's Chief Economist highlighted the need for regular analysis of macroeconomic indicators such as economic growth, inflation, interest rates, and foreign exchange [5] Investment Verticals - Patria has concentrated two-thirds of its capital deployment in six key sectors: health and wellness, food and beverage, agribusiness, renewable power, logistics and transportation, and digital and tech services [6] Latin America Economic Snapshot - Latin America is a $7.3 trillion economy, representing 7% of global GDP and 14% of global net foreign direct investment (FDI) [13][14] - The region has a significant middle-class population, with nearly half of its 662 million people classified as middle class, which drives domestic demand [15] Political Landscape - Recent elections in Latin America have shifted towards more market-friendly administrations, particularly in Argentina, Chile, and Bolivia, which is expected to enhance economic growth and private investment [18][20] - The political changes are correlated with improved asset performance, as evidenced by a 50% increase in public equities and a 30% appreciation in corporate bonds in the region last year [23][24] Key Opportunities and Risks Pension Reforms - Significant pension reforms in key economies like Mexico, Colombia, and Chile are expected to increase assets under management (AUM) and create demand for alternative investments [9][10] Infrastructure Investment - Patria is actively involved in infrastructure projects, particularly in privatization and concessions, with over $100 billion in equity checks expected from 2026 to 2030 [54][55] - The demand for data centers is robust, with Patria developing a new network of data centers across Brazil, Mexico, Colombia, and Chile [57][58] Geopolitical Factors - The situation in Venezuela is viewed cautiously, with potential for positive change as the country moves away from dictatorship [44][46] - The U.S. is reasserting its influence in Latin America, which may affect investment flows from Asia and increase those from the U.S. [43][66] Financial Market Dynamics Interest Rates and Inflation - Latin American central banks have maintained strict monetary policies, with interest rates historically higher than in developed markets [28][29] - Current interest rates are trending lower, which could lead to increased demand for private equity and infrastructure investments [30][31] Capital Market Deepening - There is a growing trend of financial deepening in Latin America, with institutional investors increasingly moving towards alternative assets [34][36] - The emergence of fintech is facilitating access to investment opportunities for a broader audience, including middle-class individuals [40][41] Conclusion - Patria Investments is strategically positioned to capitalize on the evolving economic landscape in Latin America, driven by political changes, demographic trends, and increasing demand for infrastructure and alternative investments. The company remains cautiously optimistic about future growth opportunities in the region, particularly in light of ongoing reforms and market dynamics.

Group 1: Ciena Corporation (CIEN) - Ciena Corporation is a network technology company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 22.3% over the last 60 days [1] - The company has a PEG ratio of 1.11, significantly lower than the industry average of 5.29, and possesses a Growth Score of A [1] Group 2: Skillsoft Corp. (SKIL) - Skillsoft Corp. is a digital learning solutions provider with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 19.8% over the last 60 days [2] - The company has a PEG ratio of 0.20, compared to the industry average of 0.76, and possesses a Growth Score of B [2] Group 3: Patria Investments Limited (PAX) - Patria Investments Limited is a private equity company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 1.6% over the last 60 days [3] - The company has a PEG ratio of 0.81, lower than the industry average of 1.70, and possesses a Growth Score of A [3]