Reinet Investments

Reinet Investments S.C.A.

Company type| Public

Traded as

| LuxSE: REIN
Industry| Finance
Founded| 20 October 2008
Headquarters| 35, boulevard Prince Henri, Luxembourg City, Luxembourg

Area served

| Luxembourg

Key people

| Johann Rupert, Executive Chairman
Services| Investment, private equity
Website| http://www.reinet.com/

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

[edit]

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] which is now known as Trilantic Capital Partners.

## Investment Strategy

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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.[6]

The company does not publicise a list of its investments other than in BAT.

## See also

[edit]

* Lehman Brothers Merchant Banking

## References

[edit]

1. ^ "Reinet Formation". Reinet Investments. Retrieved 18 January 2009.
2. ^ "Historical Share Prices". Yahoo!. Retrieved 18 January 2009.
3. ^ "GBP to EUR (GBPEUR=X)". Yahoo!. Retrieved 18 January 2009.
4. ^ "About Reinet Investments S.C.A". Reinet Investments. Retrieved 18 January 2009.
5. ^ Saitto, Serena (9 January 2009). "Lehman Said to Be in Talks to Sell Fund to Managers, Reinet". Bloomberg L.P. Retrieved 18 January 2009.
6. ^ "Reinet Investments S.C.A. - Investment Strategy". Company website.

## External links

[edit]

* Reinet Investments official website

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LuxX Index companies of Luxembourg

* Aperam
* ArcelorMittal
* Brederode
* Luxempart
* Reinet Investments
* RTL Group
* SES
* Socfinaf
* Socfinasia

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