Aexx Capital is a privately held investment firm, specializes in direct lending, credit and equity solutions across our strategies and unique special situations.
FIRM
Founded in 2019, AEXX CAPITAL is a Madrid/London based privately held investment firm. The firm specializes in direct lending, asset backed distressed debt and other unique special situations, primarily in western Europe.
Aexx’s investments include direct lending secured by real estate, acquiring existing distressed, sub-performing and performing loans. Moreover, special servicing teams are fully integrated and have significant experience investing through multiple credit cycles and across different asset classes.
We focus on maximizing risk-adjusted returns for our investors while seeking to mitigate downside risk. AEXX excels in sourcing, analysing transaction complexity, deal structuring, underwriting and asset management of its investments.
AEXX’s founders, have a proven track record over more than twenty years of successful investing experience in different cycles in debt and equity.
TEAM
Alberto López
FOUNDER / CEO
CEO of AEXX and Co-founder of Urbania International, a real estate private equity firm with over €1 billion under management. Mr. Lopez has been involved in over €2 billion of opportunistic, value add and debt real estate investing in Europe and LATAM and across different asset classes. Mr. Lopez received an International MBA from EM Lyon & EOI and has a Bachelor’s degree of Economics.
Tomás Gasset
FOUNDER / BOARD MEMBER
Board member of AEXX. He began his professional career at Arthur Andersen. In 2000 he founded a real estate development company, Grupo Suite and later together with Mr. Lopez founded Urbania. He has completed projects in Spain, Brazil, Mexico, Morocco and Peru totalling over €2 billion. Tomas is Economist with an MBA in financial management from the Ramon Llull University of Barcelona.
Pablo Díaz
PRINCIPAL
Responsible for loan origination and execution at AEXX. He has over 5 years of experience in the real estate industry. He has completed over €100m loans between Spain and Portugal. Prior to this, Pablo was part of KPMG Corporate Finance team in Madrid advising and structuring real estate transactions to institutional investors. Pablo holds a double BA in both Law and Economics from Universidad Carlos III de Madrid (Spain).
Javier Beperet, CFA
PRINCIPAL
Responsible for loan origination and execution at AEXX. He has over 10 years of experience in the real estate and infrastructure industry. Javier has completed over €200m loans between Spainand Portugal. Prior to this, Javier was part of Arcano Asset Management team and PwC transactions department in Madrid, structuring transactions in different sectors and asset classes.
Javier holds a double BA in both Law and Economics from Universidad Pública de Navarra (Spain). Javier is also CFA Charterholder, having passed the three levels of exam in 2015, 2016 and 2017.
César Vázquez
CHIEF LEGAL OFFICER
Cesar acts as a legal counsel at AEXX Capital. With over 19 years of experience in Corporate, Real Estate and Financial legal matters. He has led and executed transactions lending and acquisition transactions of real estate assets and real estate companies totaling more than €3 billion. B.Comm Int. Bus. Concordia Uni, LL.B Civil law, Ottawa Uni, BPP law school. Admitted to Bars of Spain, UK, Canada.
Carmen Rubio
TECHNICAL TEAM
Responsible for technical analysis and project monitoring prior to Aexx worked for almost 3 years in Arcadis focusing in technical and risk management and value enhancement services to real estate and infrastructure funds and banks. Carmen holds a Bachelor’s degree and Master of Architecture from the Polytechnic University of Madrid (Spain).
Julio Alcántara
DIRECTOR
25 years of experience in the real estate industry managing real estate projects for private and institutional investors. More than 250 residential, alternative, and hospitality projects built in Spain and Portugal. Graduate in Business Administration and post graduated in Urban Planning and Real Estate Management from Universidad Pontificia de Comillas (Spain).
Sergio Sanjuan
BUSINESS DEVELOPMENT
Sergio has more than 20 years of experience in Corporate and Investment Banking in BBVA, BANKIA and BANKINTER, managing Corporate Clients’ relationships responsible of origination and closing of M&A, Structured Finance and Capital Markets deals in the middle – market, with a volume of more than 40 and above € 1bn.
Sergio holds a bachelor’s degree in Business Administration from CEU Luis Vives, a Master in Stock Market and Financial Markets and a Debt Advisory Certificate from IEB.
Inés Vera
HEAD OF OPERATIONS
Head of Operations team at AEXX. Ines has more than 7 years of experience in financial analysis across different industries. Prior to this, Ines was part of Deloitte Spain audit team where she gained experience on accounting and management. She holds a double BA in both Economics and Business Administration from Universidad de Málaga (Spain).
TRANSACTIONS
BOREALIS
2018
| LOCATION: | Madrid |
| ASSET TYPE: | Residential development |
| STRATEGY: | Bridge loan to acquire an existing hotel and reconvert into 74 condo residences. |
CAVA BAJA
2019
| LOCATION: | Madrid |
| ASSET TYPE: | Residential portfolio |
| STRATEGY: | Co-investment with a local developer for a distress acquisition of 4 residential buildings. Preferred equity structure. |
CB
2019
| LOCATION: | Madrid |
| ASSET TYPE: | Corporate loan |
| STRATEGY: | Bridge loan to provide working capital of an industrial company secured by hard assets. |
AUSTRALIS
2019
| LOCATION: | Madrid |
| ASSET TYPE: | Residential development |
| STRATEGY: | Bridge loan to support the acquisition of a plot of land to develop a luxury condo tower with 208 units. |
FLEX
2019
| LOCATION: | Madrid, Barcelona and Malaga |
| ASSET TYPE: | Corporate Transaction. |
| STRATEGY: | Start-up capital to help an operational company set up and grow it’s coworking business. The capital is structured as a preferred equity. The seed capital targeted the opening of 5 facilities in Madrid, Barcelona and Malaga. In addition, it has been agreed a credit line to cover operational expenses and new openings. |
INTERHOUSING
2019
| LOCATION: | Madrid / Valencia / Malaga |
| ASSET TYPE: | PBSA |
| STRATEGY: | Mezzanine facility to cover CAPEX in a portfolio of 4 student housing projects. |
THUNDER
2019
| LOCATION: | Madrid |
| ASSET TYPE: | BTR portfolio |
| STRATEGY: | Whole loan to fund the acquisition of 14 residential and tertiary buildings in Madrid. |
NEMBUS
2020
| LOCATION: | Madrid |
| ASSET TYPE: | Residential development |
| STRATEGY: | Preferred equity scheme to acquire and develop a luxury community of 10 villas in the North of Madrid. |
FIVE STARS
2020
| LOCATION: | Madrid |
| ASSET TYPE: | Residential development |
| STRATEGY: | Bridge loan to support the acquisition of a plot of land to develop a luxury condo tower with 84units. |
AS
2021
| LOCATION: | Spain |
| ASSET TYPE: | Corporate Transaction |
| STRATEGY: | Mezzanine loan to support the acquisition of a large RE company in Spain with a portfolio of over 700.000 sqm of land. |
PHOENICIAN
2021
| LOCATION: | Málaga |
| ASSET TYPE: | Hostels and Touristic Apartments. |
| STRATEGY: | Construction loan facility for six buildings in the historical city centre. The company own and operate a cutting edge stay & share experiences for short term tourists and long term visitors. |
OLITE
2021
| LOCATION: | Pamplona |
| ASSET TYPE: | Residential and commercial. |
| STRATEGY: | Bridge loan for the acquisition of a plot of land in one of the most consolidated neighborhoods of Pamplona with 65.000 sqm of residential buildable area and 16.500 sqm of commercial use. |
CEIBOS
2022
| LOCATION: | Marbella |
| ASSET TYPE: | Residential. |
| STRATEGY: | Aexx has structured a whole loan for a luxury development in Costa del Sol. The loan finance part of the plot acquisition and CAPEX. The Sponsor is a renowned developer. |
PINECOVE
2022
| LOCATION: | Spain |
| ASSET TYPE: | Hotels. |
| STRATEGY: | Corporate Loan to back a large Spanish Hotel Group providing s/t liquidity to fund its operational needs. |
ALBA
2022
| LOCATION: | Barcelona, Spain. |
| ASSET TYPE: | PBSA. |
| STRATEGY: | Whole loan for the acquisition of a 14,500 sqm of buildable area plot to develop 516 single en-suite unit purpose-built-student-housing (‘PBSA’). |
STRATEGIES
AEXX’s real estate lending team focuses on a differentiated direct-origination strategy in core Western Europe. The team typically favours the less crowded market of deals between €10-€75M.
Downside protection is provided through secured debt position, with a value-add angle created from the rapid origination and structuring of the deal to the hands-on asset management to advance any issues in order to take pre-emptive actions while offering solutions for repayment.
AEXX originates, structures and invests in real estate backed transactions. We focus on companies and assets with solid market fundamentals, proven management teams and robust financial histories.
Our focus is on providing a wide range of funding such as bridge loans, mezzanine financing, whole loans, senior and preferred equity positions that exhibit strong returns relative to their risk of loss. Most of our activity in this strategy is self-originated but we also purchase attractively priced loans in the secondary market, particularly during times of market disruption.
| LOAN PURPOSE | acquisition, refinance, development, bridge, corporate |
| GEOGRAPHY | Western Europe |
| LOAN SIZE | €5 to € 75 |
| LOAN-TO-VALUE | Up to 80% |
| LOAN TERMS | 1 -3 years (5 years if cashflow) |
| RATES STARTING | 10% |
AEXX invests in special opportunities across an array of asset classes and market niches. We focus on providing capital in situations in which credit may be scarce, seeking control-oriented debt and equity investments in assets or sector experiencing distress or some form of temporary dislocation
These situations may include corporate stress or distress, where we provide rescue facilities or restructuring capital backed by real estate assets or investing in out-of-favour or contracyclical assets in market dislocation environment. We tend to look for situations in which our downside is protected by hard asset value or visible cashflow and return is less correlated with traditional assets. The strategy combines expertise in both credit and private equity investing by targeting investments with significant upside potential, buying assets below market price and improving both operations and capital structure.
