Stoneshield’s Investment Grows to 20% in 2026

Stoneshield Capital has signed an agreement to acquire a 15% stake in Exolum from OMERS, expanding its total investment in the company to 20%. This transaction is expected to close by the third quarter of 2026. The acquisition marks a significant increase in Stoneshield’s involvement with Exolum, following their initial 4.93% stake purchase in January 2026.

Exolum, headquartered in Spain, specialises in the transportation, storage, and distribution of energy products. The company manages a 4,000 km pipeline network in Spain and an additional 2,000 km in the UK, along with 68 storage terminals worldwide. Exolum’s infrastructure supports over 48 airports globally, including major hubs like Heathrow and Charles de Gaulle.

Felipe Morenés Botín and Juan Pepa, co-founders of Stoneshield Capital, commented, “Exolum is a unique HALO infrastructure platform with irreplaceable strategic assets, resilient long-term cash flows and significant growth optionality linked to the evolution of global energy systems.” They emphasised their commitment to supporting Exolum’s management as it strengthens its position in Europe.

OMERS Portfolio Management

OMERS has been an investor in Exolum since 2016 and recently completed a €770 million refinancing of its stake. Following the sale of its 15% stake to Stoneshield, the remaining 10% will be acquired by another global investment firm with over $100 billion in assets under management. This reflects OMERS’ strategy of active portfolio management and capital rotation.

Luca Lupo, Senior Managing Director & Head of Europe at OMERS Infrastructure, stated, “We have been actively involved throughout our ownership and are proud to have supported the company’s growth, diversification and progress in areas linked to lower-carbon fuels and future energy infrastructure.”

The transaction is subject to customary closing conditions and regulatory approvals, with completion expected in Q3 2026. Stoneshield Capital will assume three of OMERS’ current Board seats, with the second investor taking the remaining two. Exolum’s role in the energy transition and its operational excellence have been key factors in this investment decision.

Exolum generates over €1.3 billion in annual revenues and employs more than 2,300 people worldwide. The company’s strategic assets and geographic reach make it a leading player in the energy logistics sector.

Last updated: 29 June 2026, 12:00 pm