Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 324

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 324
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 date and, as agreed in the share purchase agreement with Aberdeen Inc, was settled on February 06, 2025, in cash - refer note 33.

• The settlement of the contingent consideration will take place between thirty-four and thirty-six months after the closing date and depends on GPMS achieving the revenue targets set.

viii. The business combination with Nexus includes a contingent consideration recognized at a fair value of US$ 6.1

ix. Certain long-term investments remained in Nexus during the business combination with the Group. The Group did not acquire these long-term investments and will return the funds to the previous owners of Nexus as the investments mature (refer to note 12(b)).

x. In addition to the above, the following cash settlements took place during the year ended December 31, 2024:

• Consideration payable US$ 1.0

• VBI contingent consideration to the value of R$ 56.8 10.1

• The settlement of Bari consideration payable took place monthly with the last payment made on December 27, 2024. The settlement of Move consideration payable took place on November 04, 2024. The aggregate cash settlement value during the 2024 financial period for Bari and Move amounted to US$ 3.6

  Patria Investments Limited      F-51  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

The reconciliation for acquisition payables is summarized in the table below for the years ended December 31, 2024, 2023, 2022.

                                                                                                         Other                            Total  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance on December 31, 2021                                                               44,249      —                               44,249  
  Recognized on business combination (refer to note 30)                                                                   23,985         23,985  
  Acquisition payable adjustments (refer to note 26)                                      ( 12,884)                        1,291      ( 11,593)  
  Deferred consideration                                                                     24,444      —                               24,444