Reinet Investments S.C.A. is a Luxembourg-based investment vehicle that was demerged from the Swiss luxury goods company Richemont on 20 October 2008.[1] It is listed on the Luxembourg Stock Exchange (LuxSE), and at 2020 is the third-largest component of the LuxX Index.
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,[2] valuing Reinet's stake at £1.46bn (€1.88bn).[3] 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.[4]
In January 2009, Reinet entered into negotiations to purchase the private equity business of Lehman Brothers,[5][6] which is now known as Trilantic Capital Partners.[7][8]
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.[9]
See also
- Lehman Brothers Merchant Banking
External links
References
- Reinet Formation Reinet Investments, retrieved 2009-01-18^
- Historical Share Prices Yahoo!, retrieved 2009-01-18^
- GBP to EUR (GBPEUR=X) Yahoo!, retrieved 2009-01-18^
- About Reinet Investments S.C.A Reinet Investments, retrieved 2009-01-18^
- Serena Saitto. Lehman Said to Be in Talks to Sell Fund to Managers, Reinet Bloomberg L.P., 9 January 2009, retrieved 2009-01-18^
- Billionaire Investor Buys 2 Lehman Funds DealBook, 2009-01-22, retrieved 2025-12-16^
- Same Group, New Owner Wall Street Journal, 2009-09-11, retrieved 2025-12-16^
- Chris Witkowsky. Trilantic runs what could be a precedent-setting liquidity process Buyouts, 2025-05-14, retrieved 2025-12-16^
- Reinet Investments S.C.A. - Investment Strategy Company website^