Dallas and Houston-Led Team Represented Patra in $146 Million Growth Equity Investment From FTV Capital

A Locke Lord team led by John McKnight (Dallas) and Christopher Martin (Houston) represented Patra, a provider of technology-enabled services for the insurance industry, in its $146 million growth investment as part of a recapitalization from FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in technology-enabled services. The transaction closed on September 1. Additional assistance was provided by Jason McCloskey, Ed Razim, Buddy Sanders, Shumaila Dhuka, Ashley Lopez, Andrew Nelson (all of Houston), Mark Backofen, Van Jolas, Angela Stockbridge (all of Dallas), Paul Mahoney (Providence), Jon Gillum (Austin) and Jordon Ferguson (Los Angeles).
Posted on September 22, 2022