Reinet Investments

{{Infobox company

| name = Reinet Investments S.C.A.

| logo = Reinet Investments logo.png

| logo_size = 240px

| type = Public

| traded_as = {{LuxSE|isin=LU0383812293|REIN}}

| foundation = 20 October 2008

| location = 35, boulevard Prince Henri, Luxembourg City, Luxembourg

| key_people = Johann Rupert, Executive Chairman

| area_served = Luxembourg

| industry = Finance

| products =

| services = Investment, private equity

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| homepage = http://www.reinet.com/

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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.{{cite web |url=http://www.reinet.com/about-reinet/reinet-formation.html |title=Reinet Formation |accessdate=2009-01-18 |publisher=Reinet Investments }} 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,{{cite web |url=http://uk.finance.yahoo.com/q/hp?s=BATS.L |title=Historical Share Prices |accessdate=2009-01-18 |publisher=Yahoo! }} valuing Reinet's stake at £1.46bn (€1.88bn).{{cite web |url=http://uk.finance.yahoo.com/echarts?s=GBPEUR=X#chart1:symbol=gbpeur=x;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined |title=GBP to EUR (GBPEUR=X) |accessdate=2009-01-18 |publisher=Yahoo! }} 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.{{cite web |url=http://www.reinet.com/about-reinet.html |title=About Reinet Investments S.C.A |accessdate=2009-01-18 |publisher=Reinet Investments }}

In January 2009, Reinet entered into negotiations to purchase the private equity business of Lehman Brothers,{{cite web |url=https://www.bloomberg.com/apps/news?pid=20601087&sid=aPMFewgUfgD0&refer=home |title=Lehman Said to Be in Talks to Sell Fund to Managers, Reinet |accessdate=2009-01-18 |last=Saitto |first=Serena |date=9 January 2009 |publisher=Bloomberg L.P. }} which is now known as Trilantic Capital Partners.

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.{{cite web|url=http://www.reinet.com/investment-strategy.html|website=Company website|title=Reinet Investments S.C.A. - Investment Strategy}}

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