Icona Capital has acquired a 40% minority stake in global real estate investment company Stoneweg for an undisclosed price to create an ‘€8bn platform’.
Icona, which advises several investment vehicles across different asset classes in real estate, credit, private equity, special situations and growth equity, said the ‘strategic partnership’ would support its ‘ambitious ESG-focused multi-billion pipeline comprising prime real asset investments in critically dislocated markets’.
Max-Hervé George (pictured), founder and CEO of Icona Capital, said: “We see tremendous growth potential utilising the extensive synergies our firms can reap from tapping into our unified vision, entrepreneurial spirit and creativity. Building on Stoneweg and Icona’s previous successes together, it was only natural to cement this partnership and bring together our skills and expertise to provide further momentum to our businesses.”
Jaume Sabater, founder and CEO of Stoneweg, added: “Icona’s investment in our fast-growing business is a tremendous show of support and a testament to the quality of our advisory and investment work, as well as our industry leading sustainability credentials. We have collaborated with Icona for a long time and look forward to continuing to work together to deliver for our clients in the years ahead.”
