Patrizia AG (XTRA:PAT) agree to acquire 30% stake in Whitehelm Capital from Challenger Limited (ASX:CGF) for approximately €150 million on September 13, 2021. In order to support the successful transition of Whitehelm to PATRIZIA, Fidante Partners has agreed to provide ongoing administration and distribution services for a period of up to two years post completion. The transaction is subject to FIRB and FCAA regulatory approval.

The transaction is expected to complete in the first quarter of the calendar year 2022. John Humphrey, Nelson Lam and Philip Emtemark of Berkshire Global Advisors acted as financial advisor and DLA Piper acted as legal advisor for Whitehelm Capital.