Patron Capital Injects $199M Into Expanding Hostel Co.

Law360, New York (August 14, 2013, 1:44 PM EDT) -- European private equity group Patron Capital Ltd. has funneled €150 million ($198.8 million) into the fast-expanding Generator Hostels Ltd., helping it snag two new properties in Paris and Rome, according to a Tuesday statement.

The capital injection will grease the wheels for Generator to take important new footholds in the tourist-heavy cities, as it continues its rapid portfolio expansion, according to a statement. The capital will also help fuel further new deals in both Europe and the U.S., the company said.

While Generator did not disclose...
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