Bankinter Investment absorbs Plenium Partners and concentrates the management of alternative assets

The sole shareholder of Bankinter Investment, SGIIC, S.A.U. and the sole shareholder of Plenium Partners Asset Management, SGEIC, S.A.U. decided on November 11, 2026, to approve the merger by absorption of the latter company by the former. The agreement is published in the Official Gazette of the Mercantile Registry (BORME) no. 218, corresponding to Friday, November 13, 2026, in the second section of announcements and legal notices, with the official reference BORME-C-2026-6011 and the identifier A260048906-1.

The publication is carried out under Article 10.1 of Royal Decree-Law 5/2023, of June 28, which transposes European directives regarding structural modifications of commercial companies, a regulation that the announcement itself cites abbreviately as LME. The text identifies Bankinter Investment, SGIIC, S.A.U. as the absorbing company and Plenium Partners Asset Management, SGEIC, S.A.U. as the absorbed company, both collectively qualified as participating companies.

The common merger project was formulated by the boards of directors of the two management companies on June 25, 2026, such that the operation culminates a process opened in the first semester of the year.

Terms of the operation

The merger involves the block transfer, by universal title, of the entire assets of the absorbed company in favor of the absorbing company, which will acquire by universal succession all the rights and obligations of Plenium Partners Asset Management, SGEIC, S.A.U. The absorbed company will be extinguished through dissolution without liquidation.

The result is the concentration in Bankinter Investment, SGIIC, S.A.U. of the activity that the absorbed company had until now developed as a management company of collective investment schemes.

Rights of partners and creditors

The announcement expressly states, for the purposes of Article 10.1 of the LME, a double right for the partners and creditors of the participating companies:

• To obtain the full text of the decisions adopted and the merger balance sheets.
• To receive a free copy of said documentation, which is available at the registered office of the participating companies.

Furthermore, creditors whose credits arose before the publication of the announcement and were not due at that time may exercise the creditor protection rights provided for in Articles 13 and 14 of the LME.

Signatories and background

The announcement was signed in Madrid on November 11, 2026, by Antonio Murillo Gayo, non-director secretary of the board of directors of Bankinter Investment, SGIIC, S.A.U., and by Miguel Ángel Pérez Magdaleno, non-director secretary of the board of directors of Plenium Partners Asset Management, SGEIC, S.A.U.

The operation does not start from scratch: the absorbed management company had been acting as the management entity for venture capital vehicles held by Bankinter Investment, S.A., including companies from the Helia and Temper families, and its registered office is located at Paseo de la Castellana 91, 11th floor, Madrid. Furthermore, the bank itself converted its venture capital manager into a collective investment scheme management company in February 2026.

On the corporate level, changes in the administrative bodies of Plenium Partners Asset Management, SGEIC, S.A.U. and the managed vehicles had been anticipating the integration, with replacements in the presidency and the entry of directors linked to the absorbing manager throughout 2026.

Impact

The merger simplifies the alternative asset management structure of the Bankinter group, which now has a single management company where two previously coexisted, with effects on the participants of the affected vehicles and on the staff of both entities. The operation is registered in the Commercial Registry of Madrid, where the absorbed entity has been registered since its stage as a venture capital entity management company.

Source: Official Gazette of the Commercial Registry (BORME), no. 218, November 13, 2026, second section (company mergers and acquisitions), p. 7465 (official reference: BORME-C-2026-6011).