Reinet Investments S.C.A. is a

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

-based

investment vehicle An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

that was demerged from the

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri * Swiss, North Carolina *Swiss, West Virginia * Swiss, Wisconsin Other uses *Swiss-system tournament, in various games and sports *Swiss Internation ...

luxury goods In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to n ...

company

Richemont Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells je ...

on 20 October 2008. It is listed on the

Luxembourg Stock Exchange The Luxembourg Stock Exchange, LuxSE (french: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. The exchange has pre-opening ...

(LuxSE), and at 2020 is the third-largest component of the

LuxX Index The LuxX Price is the main stock market index of the Luxembourg Stock Exchange, the stock exchange based in Luxembourg City, in southern Luxembourg. The LuxX is a weighted index of the nine most valuable listed stocks by free floated market capital ...

History

Upon formation, Reinet controlled €350m in cash, €50m in miscellaneous investments, and a 4% stake (84.3 million shares) in British American Tobacco (BAT). On the first day of Reinet trading, BAT's share price opened at £17.31, valuing Reinet's stake at £1.46bn (€1.88bn). The formation of Reinet allowed the Rupert family to spin off all non-luxuries related activities, and allow Richemont to focus purely on its core investments. In January 2009, Reinet entered into negotiations to purchase the

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

business of

Lehman Brothers Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Gol ...

, which is now known as

Trilantic Capital Partners Trilantic Capital Partners (Trilantic) is a global private equity firm focused on control and significant minority investments across a range of industries in North America and Europe managed by Trilantic North America and Trilantic Europe. The f ...

Investment Strategy

Reinet states that its investment strategy is to take a long-term view of investment opportunities, to invest in a wide range of asset classes (including listed and unlisted equities, bonds, real estate and derivative instruments), while emphasis will at all times be on the protection of shareholders' capital. The company does not publicise a list of its investments other than in BAT.

References

External links

Reinet Investments official website
Companies listed on the Luxembourg Stock Exchange Companies listed on the Johannesburg Stock Exchange Investment companies of Luxembourg Financial services companies established in 2008 Companies based in Luxembourg City Holding companies of Luxembourg Private equity firms of Europe {{Europe-company-stub

History

Investment Strategy

See also

References

External links