GRC IM and Miguel Fernández Acquire Requena y Plaza

✦ Meridian Analysis

GRC Investment Managers and former JLL Tétris EMEA head Miguel Fernández have signed an agreement to acquire Requena y Plaza (R&P). The deal gives GRC IM an 80 % equity stake, while Fernández will serve as partner and CEO alongside existing CEO Federico Peláez, who remains on the board and holds a minority share. The transaction is structured as a direct equity purchase, with the founding owners Juan Luis Requena and José Plaza providing continuity support, and is intended to drive the company's international expansion and entry into new sectors. R&P, with a 40‑year track record, €30 million of 2025 revenue and a portfolio that includes projects for Hilton, Marriott and Meliá, will retain its operational independence and has a presence in Spain, Portugal, Italy and the Caribbean. Deal specifics such as the purchase price, any accompanying debt financing, the identity of financial advisers and the timetable for regulatory clearances were not disclosed. Professionals will be watching for the capital structure that will underpin R&P’s expansion, the extent of any future equity raises, and how quickly the combined entity can translate its stated ambition into new contracts across the targeted markets.

The Meridian Weekly