Patni brothers – Amit and Arihant Patni- have bought a minority stake in Waterfield Advisors, an India-focused boutique advisory firm, for an undisclosed sum.
Waterfield plans to use the investment to strengthen its family office services portfolio as well as expand its offerings in the domestic market.
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Soumya Rajan, founder of Waterfield, said: "The partnership will enable us to further realize this vision and fuel our expansion by drawing on our synergies."
Amit Patni said: "Our investment in Waterfield Advisors aims to jointly address this need and build this area of expertise in India. We look forward to a long term partnership with Waterfield Advisors as it charts its next phase of growth."
Arihant Patni said: "Backed by a strategic vision to offer a holistic approach towards asset management and capital preservation for family offices, we are confident that the new platform will be successful in institutionalizing and expanding family offices in India."
Waterfield offers advisory services such as family office, corporate advisory and alternative asset management to entrepreneurs, ultra-high-net-worth families, trusts and corporate clients.
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By GlobalDataPatni brothers, sons of Gajendra Patni, sold Patni Computers to iGate in 2011.
