Juan Sartori
Senator of Uruguay
Assumed office
15 February 2020
Personal details
Born
Juan José Sartori Piñeyro

(1981-02-06) 6 February 1981
Montevideo, Uruguay
Political partyNational Party
Spouse
  • ​
    ​
    (m. 2015)​
ChildrenAlexander John
Giulia Victoria
Isabella
Parent(s)Gustavo Sartori
Rosina Piñeyro
Alma materUniversity of Lausanne
Occupation
  • Businessman
  • Politician

Juan José Sartori Piñeyro (born 6 February 1981) is a Uruguayan businessman, senator and co-owner of Sunderland.[1] He is the president and founder of Union Group, a privately owned investment management and private equity firm that holds significant interests across an array of industries worldwide, including agriculture, technology, energy and real estate.[2][3][4]

Early life

Sartori was born at the Italian Hospital in the capital city of Montevideo on 6 February 1981 to Gustavo Sartori and Rosina Piñeyro.[5] Sartori is of paternal Italian and maternal Spanish descent. At the age of twelve, Sartori moved to Europe and lived in a number of countries, starting in France, while his mother worked for the United Nations. He went on to study in Switzerland, where he obtained his bachelor's degree in Economics and Business from the University of Lausanne in 2002. He was also a short-term exchange student at Harvard University.[6]

Career

Union Group

Sartori's business career began in Switzerland in 2003 when, having just graduated from university, he founded Union Capital Group, which evolved into a multi-billion-dollar assets under management investment firm. Expanding into private equity, Sartori set up Union Group in Uruguay in 2007 with a blueberry farming business, subsequently branching out into other sectors such as infrastructure, energy and technology.[7] Since its incorporation, Union Group and its subsidiaries have performed numerous transactions across the world, growing its portfolio of private and public companies.[8]

In 2013, Union Group's agricultural arm, one of the biggest agricultural organizations in Uruguay, floated on the Montevideo Stock Exchange. In June 2014, it accounted for approximately 70 percent of its market capitalisation, making it the largest company listed on the exchange.[9]

In 2010, Sartori began investing in energy generation projects. In 2013, Union Group acquired hydropower company Generacion Andina from German utility firm EnBW.[10] In 2018, Polaris Infrastructure Inc. (TSX: PIF), a Canadian business, purchased Union Group's energy division.[11]

Sartori is the co-founder and chairman of NYSE-listed Union Acquisition Corp (UAC), a SPAC or blank check company, which has taken a number of organizations public over recent years, such as crop technology firm Bioceres Crop Solutions (Nasdaq: BIOX) in 2018, and global healthcare business, Procaps Group (Nasdaq: PROC) in 2021.[12][13][14]

Politics

In December 2018, Sartori presented his nomination to National Party pre-candidate for President of Uruguay for the 2019 presidential primaries.[15][16] The election was held on 30 June 2019. Sartori carried out a noteworthy campaign, labelled a "political phenomenon" by the Associated Press.[17] He collected 20.68% of the vote, which saw him finish second of six behind Luis Lacalle Pou, who was elected as the party's candidate[18] The Atlante Films documentary "Juan Sartori: behind the phenomenon" follows Sartori on the campaign trail.[19][20]

Sartori ran for the Senate in the October 2019 general election and was elected senator, making him the youngest person to currently hold this title, taking up the position on 15 February 2020.[21][22] He sits on the Senate Committees of International Affairs, Environment, Development and Inclusion, and is president of the Industry Committee.[23] Additionally, he forms part of the Partido Nacional's governing body.[24]

Football

Sartori is a passionate football fan.[25] He is a co-owner of Sunderland. "Sunderland is a huge club, the seventh largest in England, a club with a lot of history and a big following, and that’s what made it attractive", he said following the 2018 acquisition.[26] He sits on the board as a non-executive director.[27] In 2022, the club, based in the North East of England, won the League One playoffs, and played following season in the EFL Championship, the second most important division in English football.[28] He is also a board member and vice president of AS Monaco Football Club.[29] In terms of support, Sartori is a fan of Club Nacional, Barcelona and Paris Saint-Germain.[30]

Personal life

Sartori married Russian heiress and equestrian Ekaterina Rybolovleva on 21 October 2015, and as a result, Sartori's father-in-law is Russian oligarch and billionaire businessman Dmitry Rybolovlev, who is the majority owner and president of Monaco's football club Monaco.[31] The wedding was held on the Greek island of Skorpios, which she bought from Athina Onassis in 2013.[32] Together, the couple have three children: Isabella, Alexander John and Giulia Victoria.[33]

References

  1. ↑ Sodio. "Union Group - Private Equity Investor". www.uniongrp.com. Archived from the original on 18 November 2018. Retrieved 10 November 2015.
  2. ↑ "Union Agriculture Group Acquires El Tejar Operation in Uruguay". www.prnewswire.co.uk. Retrieved 29 December 2021.
  3. ↑ "UPDATE 1-Uruguayan agricultural company buys local unit of Argentine firm". Reuters. 24 February 2014. Retrieved 29 December 2021.
  4. ↑ "Apartamentos de lujo para el exhotel Oceanía". El Observador. Retrieved 29 December 2021.
  5. ↑ "Juan Sartori cuenta más de su vida y de momentos que lo marcaron". 970 Universal (in Spanish). 5 August 2021. Retrieved 26 September 2023.
  6. ↑ "AS Monaco: Juan Sartori joins Board of Directors". Monaco Tribune. 6 November 2021. Retrieved 29 December 2021.
  7. ↑ "View from the C-suite: Union group goes from blueberries and beyond". www.fdiintelligence.com. Retrieved 13 November 2015.
  8. ↑ "View from the C-suite: Union group goes from blueberries and beyond". www.fdiintelligence.com. Retrieved 29 December 2021.
  9. ↑ "View from the C-suite: Union group goes from blueberries and beyond". www.fdiintelligence.com. Retrieved 27 October 2015.
  10. ↑ "Union Energy acquires hydropower project developer Generacion Andina". www.hydroworld.com. Retrieved 27 October 2015.
  11. ↑ "Polaris Infrastructure Acquires Union Energy Group Corp". www.newswire.ca. Retrieved 21 December 2021.
  12. ↑ "Argentina's Top Agritech Startup Bioceres to List on NYSE Raising $100m+ in SPAC Listing". AFN. 19 November 2018. Retrieved 8 December 2021.
  13. ↑ "Bioceres and Union Acquisition Corp. Announce Execution of Definitive Share Exchange Agreement". www.businesswire.com. 9 November 2018. Retrieved 8 December 2021.
  14. ↑ "Procaps Group Completes Business Combination with Union Acquisition Corp. II". www.businesswire.com. 29 September 2021. Retrieved 8 December 2021.
  15. ↑ "Sartori abrió su campaña con un discurso conciliador". Diario EL PAIS Uruguay.
  16. ↑ "Juan Sartori: "Este proyecto tiene chances de éxito"". Diario EL PAIS Uruguay.
  17. ↑ "Un millonario es la sorpresa de las primarias en Uruguay". Associated Press. 28 June 2019.
  18. ↑ "Lacalle Pou ganó la interna del Partido Nacional". canal10.com.uy (in European Spanish). Retrieved 20 February 2020.
  19. ↑ Juan Sartori: Detrás Del Fenómeno | Documental completo, retrieved 8 December 2021
  20. ↑ "Este viernes se estrena el documental "Juan Sartori, detrás del fenómeno"". Pantallazo (in Spanish). Retrieved 8 December 2021.
  21. ↑ "Juan Sartori presentó su lista al Senado e insistió en impulsar proyecto "Medicfarma"". Montevideo Portal (in Spanish). Retrieved 20 February 2020.
  22. ↑ "Asume nuevo Parlamento: Senadores y Diputados". www.uypress.net. Retrieved 20 February 2020.
  23. ↑ "Sartori Piñeyro". Parlamento del Uruguay (in Spanish). 13 February 2020. Retrieved 15 December 2021.
  24. ↑ "Asumieron las nuevas autoridades del Directorio del Partido Nacional". Diario EL PAIS Uruguay (in Spanish). Retrieved 6 January 2022.
  25. ↑ "Sunderland director Juan Sartori reveals why he joined club - and what his plans are". www.sunderlandecho.com. Retrieved 7 December 2021.
  26. ↑ "Sunderland director Juan Sartori reveals why he joined club - and what his plans are". www.sunderlandecho.com. Retrieved 7 December 2021.
  27. ↑ "Board & management". Sunderland Association Football Club. Retrieved 7 December 2021.
  28. ↑ "EFL Official Website - Sky Bet League One Table". www.efl.com. Retrieved 7 December 2021.
  29. ↑ "AS Monaco FC official statement". AS Monaco. 5 November 2021. Retrieved 6 December 2021.
  30. ↑ "ALS Interview With Juan Sartori". alovesupreme. 24 January 2019. Retrieved 26 September 2023.
  31. ↑ "Un magnate ruso compra la mayor parte del Mónaco". Reuters. 23 December 2011. Archived from the original on 20 July 2017. Retrieved 19 May 2020.
  32. ↑ Dangremond, Sam (20 October 2015). "The Daughter of a Russian Billionaire Is Getting Married on the Same Greek Island Where Jackie Onassis Was Wed". Town & Country. Retrieved 27 August 2019.
  33. ↑ "Sartori "íntimo": el vínculo con su padre, el primer matrimonio y qué hace con el dinero". EL PAIS. 23 April 2019. Retrieved 26 September 2023.
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