SWI Group Formed from Icona Capital and Stoneweg
Deal News | Mar 25, 2025 | PR Newswire Cision SWI Group
SWI Group emerges as a new entity formed from the merger of Icona Capital and Stoneweg, offering a robust alternative investment platform with more than €10 billion in assets under management. The union enriches the group with expertise in the Living, Light Industrial, Logistics, Data Centres, Hospitality, Offices, and Cultural Leisure sectors across Europe, North America, and Singapore. The integration marks a significant leap towards scaling operations and enhancing product diversification, aiming to attract more institutional investments. The combined group has added 350 professionals scattered across 25 offices in 17 countries. Max-Hervé George, former chairman and CEO of Icona Capital, and Jaume Sabater, previous CEO of Stoneweg, are now co-CEOs of SWI Group. As a strategic move, SWI Group recently acquired Cromwell Property Group's European fund management platform for €280 million, enhancing the company's growth and investment capabilities.
Sectors
- Alternative Investment
- Real Estate
- Finance
Geography
- Europe – SWI Group, Icona Capital, and Stoneweg have significant operations and assets managed across European countries.
- North America – Part of SWI Group's asset management and office locations are within North America, showcasing its operational reach.
- Singapore – One of the office locations for SWI Group operations, highlighting its presence in Asia.
Industry
- Alternative Investment – The formation and operations of SWI Group as an alternative investment platform focused on various asset classes including real estate, credit, and data centres.
- Real Estate – The acquisition of Cromwell Property Group's assets and the focus of Stoneweg Real Assets highlight significant activities in the real estate sector.
- Finance – The involvement of financial advisory and private equity strategies as outlined in Icona Capital's business segments.
Financials
- €10 billion – Combined assets under management of the newly formed SWI Group.
- €280 million – Total consideration for the acquisition of Cromwell Property Group's European fund management platform by SWI Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SWI Group | Target Company | Companies | A newly formed alternative investment platform from Icona Capital and Stoneweg, managing assets over €10 billion. |
| Icona Capital | Bidding Company | Companies | An independent investment firm that merged with Stoneweg to create SWI Group. |
| Stoneweg | Bidding Company | Companies | A real estate investment group that partnered with Icona Capital to form SWI Group. |
| Cromwell Property Group | Selling Company | Companies | A company whose European fund management platform was acquired by SWI Group. |
| Max-Hervé George | Chairman and Co-CEO, SWI Group | People | Former Chairman and CEO of Icona Capital, now leading SWI Group. |
| Jaume Sabater | Co-CEO, SWI Group | People | Former CEO of Stoneweg, now co-leading SWI Group with Max-Hervé George. |