Alantra acted as Joint Bookrunner in the €140mn capital increase executed by Neinor Homes through an accelerated bookbuild offering (ABO). The transaction, representing approximately 9.9% of the company’s share capital, was priced at €15.73 per share, implying a 7.4% discount on the previous closing price.
The offering, which follows the €230mn capital raise completed in June 2025 to finance the acquisition of Aedas Homes, was anchored by Neinor’s largest shareholder, Orion Capital Managers, with a €100mn commitment. The remainder was subscribed by existing institutional shareholders.
“It has been a pleasure to support Neinor Homes once again as it continues to reinforce its leadership position in Spanish residential real estate,” said André Pereira, Partner and Head of ECM Iberia at Alantra Equities. “With the Aedas transaction now fully funded, this additional capital increase provides the flexibility to pursue further growth opportunities, from strategic land acquisitions to consolidation plays and new residential formats. The strong support from institutional investors reflects clear confidence in Neinor’s strategy and outlook, and we’re proud to contribute to this important milestone in their continued trajectory.”
This second mandate for Neinor Homes in 2025 reinforces Alantra’s strong positioning in the Iberian Equity Capital Markets space, where the team recently advised on the IPOs of HBX Group and CIRSA, the ABB for Clínica Baviera, and the capital increase for OHLA.
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