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International Business Times
International Business Times
Chris Gallagher

From Strategic Alliance to Global Powerhouse: How Max-Hervé George's Icona and Switzerland's Stoneweg Became SWI Group

The alternative investment world has a new heavyweight contender. SWI Group has burst onto the scene, bringing together Icona Capital and Stoneweg into a unified $11 billion investment platform with impressive global reach. What started as a strategic partnership has transformed into an integrated powerhouse making moves across Europe, North America, and Asia.

It all began back in 2020, when the two firms first collaborated on a Madrid property deal. They acquired a sizeable 211,000 sqm former bottling plant that was later sold to Thor Equities and is currently being transformed into a $650 million data center. This early success demonstrated the immense potential of their combined expertise.

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