Icona Capital acquires 40% of Stoneweg, creating a platform with total assets of €8 billion (Exclusive)

We’re in 2019. The Forbes 30 Awards, Under 30 Awards are a thriving success story led by Max-Hervé George, a 29-year-old young entrepreneur. Its resulting product, Ultima Capital, has been floated on the stock market with a portfolio of more than 1 billion assets. Then Max Hervé George created a new alternative investment structure, Icona Capital. At the end of 2022, Icona has just announced a strategic partnership with one of the leading European real estate investment companies, Stoneweg, a 40% stake which makes it possible for the total assets under management between the two investment companies to reach 8 billion euros.

It all began in 2012, with the recent acquisition of a plot of building land for the famous Bernese Alpine resort of Gstaad to make it a place of ultimate luxury. That’s how he was born Ultima Group. The nugget is going up sharply and was listed on the stock market in 2019. It’s worth it Max Hervey George To join the Forbes 30 Under 30 list in 2019, at the age of 29. Its innovative approach makes the difference and gives it a prominent place in the prestigious ranking that rewards the 30 most influential entrepreneurs under the age of 30 in France.

in parallel, Max Hervey George decided to expand its activities by establishing in 2019 Icona Capital. The independent alternative investment structure currently manages over €3 billion in assets. Headquartered in London, Icona operates several investment vehicles positioned in different asset classes split between real estate, credit, private equity and turnover. The bulk of Icona’s €3 billion in assets under management is controlled and managed by a team led by Max-Hervé George.

In 2020, Stoneweg and Icona Capital worked closely to locate in Madrid, a former Coca-Cola bottling plant in the Nino del Remedio industrial area. This 211,000 square meter industrial space, next to Madrid’s inner ring road, has been sold to Thor Equities and will lead to an investment of €600 million to transform it into a state-of-the-art data center.

At the end of the year, Max-Hervé George and his team announced that they had acquired 40% of the share capital stonywig. An important acquisition for the businessman who sees his group strengthening its presence in the international real estate sector. Stoneweg specializes in real estate investment, by sourcing real estate transactions and structuring investment tools. Stoneweg directly or indirectly manages portfolios of assets spread among Switzerland, Spain, Andorra, Italy, the United Kingdom, Ireland and the United States. The company has grown significantly since its inception in 2015 and today employs more than 140 people, managing assets of more than 5 billion euros.

This strategic acquisition of Icona is part of the implementation of an ambitious multi-billion euro investment plan with a strong focus on ESG. The team will focus on leading real estate assets and aim to implement innovative solutions in high potential markets. This close cooperation will make it possible to increase the number of operations, enhance access to financing and accelerate the deployment of capital. The new team will raise more than €8 billion in assets under management. When asked about Icona’s investment in Stoneweg, Max-Hervé George said: By combining our vision, our entrepreneurial spirit, and our creativity, the synergies that our company can put into place are very promising. Our cooperation with Stoneweg has always yielded excellent results. It is therefore very natural that we decided to formalize and unite this cooperation in order to grow our companies in parallel. We look forward to seeing the many opportunities available to us come true. Big hit again for the young CEO who signs off a great operation.

This acquisition also enhances the company’s sustainable growth plans stonywig Which aims to become a world leader in real estate investment. In 2022, Stoneweg strengthens its management team and board of directors and with this transaction confirms its ability to offer its investors unique opportunities and innovative investment solutions. Speaking on behalf of Stoneweg, CEO Jaume Sabater comments on the deal as follows: We are excited to welcome Icona to the Stoneweg team. We view this investment as a validation of our strategy and a very satisfactory sign of confidence from our partner. “.

We can bet that 2023 will be marked by many new projects born from this convergence.