Banco Santander and succession model: funds, foundations and family lineage
The irruption of the youngest generation of the Botín family into the M&A world feeds curiosity about the fit of shareholder and family interests in a future handover process
Juan Pepa and Felipe Morenés, executives at Stoneshield, have sold 75% of their alternative assets firm to US giant Franklin Templeton. The deal values Stoneshield at around 800 million euros, following years of discreet management and investments in companies like Meliá, Solaria, and Exolum. The duo, who have accumulated 9,000 million euros in assets under management, have taken a step back, with Morenés being the son of Banco Santander's president Ana Botín.
Their fourth fund, the Stoneshield Opportunity Fund IV, had closed with 1,500 million euros for strategic investments just months prior.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
