Juan Pepa and Felipe Morenés return to Neinor and buy 18% | comp

The two strongmen who led the Lone Star landing in Spain return to Ninor. Juan Pepa and Felipe Morenés announced on Sunday the acquisition of 14.7 million, 18% of the company’s share capital through the Stoneshield Capital Fund. The value of this package is estimated at 170 million euros, according to stock exchange prices on Friday.

Pepa was the Lone Star strongman until 2017. The director, backed by the Texas Trust, revolutionized the Spanish development sector with the launch of Neinor Homes in 2015, after buying the real estate company from Kutxabank. In addition, he planned the initial public offering of the promoter that took place in 2017 and was the first in a decade in the sector. He also signed with Juan Villaios as CEO, spearheading the company’s beginnings.

Partner in this real estate venture was the Argentine CEO, Felipe Morenes, son of Ana Botín, who is still an independent director of the company. Both executives founded the Stoneshield Capital Fund, which received support, among other investors, from Warren Buffet.

Stoneshield Capital, once some of its bilateral operations are liquidated on February 23, will be placed as a third shareholder in the company. Although the company has not yet notified the regulator of the shareholders’ sale of their shares, Orion Fund will remain the number one partner with 28% of the capital. It will be behind the Adar Fund 19%.