SWI Group Accelerates Global Expansion with Strategic Merger
Deal News | Apr 23, 2025 | EIN
SWI Group, formed from the merger of Icona Capital and Stoneweg, is rapidly expanding its global presence with operations in 18 countries and assets under management totaling $11 billion. Chairman Max-Herve George is steering the company with a strategic focus on growth markets, leveraging a robust workforce across 26 offices on three continents. The group has made strategic acquisitions, most notably a $303 million purchase of Cromwell Property Group's European platform, enhancing SWI's footprint in the real estate sector significantly by adding to its portfolio $4.2 billion in assets. SWI operates through two divisions, Stoneweg Real Assets and Icona Alternatives, focusing on real estate and diverse private equity investments respectively. With headquarters in London, Geneva, and Luxembourg, SWI is well-positioned to pursue global opportunities, specifically targeting logistics and key infrastructure sectors like data centers.
Sectors
- Real Estate
- Private Equity & Venture Capital
Geography
- Europe – SWI Group has headquartered in cities including London and Geneva, and recently enhanced its European presence through the acquisition of Cromwell Property Group's assets.
- North America – SWI Group's global strategy includes operations across North America.
- Asia – Part of SWI Group's operations spans Asia, indicating a broad geographic investment reach.
Industry
- Real Estate – SWI Group's operations include real estate through the acquisition of Cromwell Property Group's European platform.
- Private Equity & Venture Capital – Icona Alternatives within SWI Group oversees private equity and venture capital investments.
Financials
- $11 billion – Total assets under management by SWI Group.
- $303 million – Cost of acquiring Cromwell Property Group's European platform.
- $4.2 billion – Real estate assets added to SWI Group's portfolio through the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SWI Group | Target | Companies | A newly formed investment entity resulting from the merger of Icona Capital and Stoneweg. |
| Icona Capital | Selling Company | Companies | One of the companies involved in the merger to form SWI Group. |
| Stoneweg | Selling Company | Companies | One of the companies involved in the merger to create SWI Group. |
| Max-Herve George | Leader | People | Chairman of SWI Group and a French billionaire driving the company's global strategy. |
| Cromwell Property Group | Target | Companies | SWI Group acquired a European platform and a stake in Cromwell Property Group. |
| Cromwell European REIT | Target | Companies | SWI acquired a 27.8% stake in this entity as part of its strategic expansion. |