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Cambridge Companies taps Patton as managing partner

Cambridge Companies has hired David Patton as a managing partner. Patton is the former president and CEO of The Bluewater Companies. He is also a former Citigroup executive.

PRESS RELEASE

LOS ANGELES–(BUSINESS WIRE)–Newport Beach, California based Cambridge Companies appoints David Patton as Managing Partner. Mr. Patton led a team at Citigroup (NYSE: C) and was responsible for acquisition and corporate finance advisory services to middle market clients with enterprise values up to $500 million. At Citigroup, he conducted transactions in key economic sectors including retail, manufacturing, distribution, service, medical, hospitality, agriculture, action sports and real estate. “David Patton adds a tremendous amount of intellectual capital to our firm, our clients and investment partners,” stated Polina Chebotareva, Partner at Cambridge Companies.

After Citigroup (NYSE: C), David was the President and Chief Executive Officer of The Bluewater Companies. Mr. Patton has participated in $250 million worth of real estate transactions, developed 10+ million square feet of Residential, Commercial and Mixed Use property and has advised and invested in hundreds of venture capital and private equity transactions over his 25+ years as a real estate and private equity professional. “Cambridge Companies owns and manages a large Real Estate portfolio on the West Coast and has a thriving Venture Capital division under Cambridge SPG – Special Projects Group. We are thrilled to have David Patton join Cambridge Companies as his experience crosses both Real Estate and Venture Capital. David’s core values and principles are aligned with those of Cambridge Companies and Cambridge SPG and we look forward to building a strong team of dedicated and passionate professionals,” says Filipp Chebotarev, Chief Operating Officer/Partner at Cambridge Companies.

“I am excited to be part of such an established and successful organization as Cambridge Companies. We share a common core of investment strategies, ethics, and perspective. Our mutual interests have been aligned for quite some time and the formalization of our partnership will ensure stability, expertise and value for the long-term. I look forward to continuing to preserve and grow our Real Estate, Private Equity and Venture Capital platforms for all of the stakeholders of Cambridge Companies,” says David Patton, Managing Partner of Cambridge Companies.

Cambridge Companies SPG (“Special Projects Group”) LLC is Strategic Opportunity Investment Company with a focus on Real Estate, Private Equity and Venture Capital transactions. Cambridge Companies is a buyer of commercial real estate in the California and Las Vegas markets and submarkets. Cambridge Companies turn opportunities into value by buying minority controlling and non-controlling interest in companies poised for growth.