Reinet Investments S.C.A. is a Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

-based investment vehicle that was demerged from the Swiss

Switzerland

Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....

 luxury goods company Richemont

Richemont

Compagnie Financière Richemont S.A. is a Swiss luxury goods holding company founded in 1988 by the South African businessman Johann Rupert. Richemont categorizes its businesses into four areas: jewellery, watch making, writing instruments and other, which encompasses clothing and firearms. The...

 on 20 October 2008. It is listed on the Luxembourg Stock Exchange

Luxembourg Stock Exchange

The Luxembourg Stock Exchange is a stock exchange based in Luxembourg City, in southern Luxembourg.The Exchange is located on avenue de la Porte-Neuve,...

 (LuxSE), and is the largest component of the LuxX Index

LuxX Index

The LuxX Index 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 eleven most valuable listed stocks by free floated market capitalisation...

, with a 24.5% weighting as of January 2008.

Upon formation, Reinet controlled €350m in cash, €50m in miscellaneous investments, and a 4% stake (84.3 million shares) in British American Tobacco

British American Tobacco

British American Tobacco p.l.c. is a global tobacco company headquartered in London, United Kingdom. It is the world’s second largest quoted tobacco company by global market share , with a leading position in more than 50 countries and a presence in more than 180 countries...

. 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

Rupert family

The Rupert family is a well-known family from Stellenbosch, South Africa.Anton Rupert and his wife Huberte Rupert moved to a home in Thibault Street on the northern banks of the Eerste River in the 1950s...

 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

Private equity

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....

 business of Lehman Brothers

Lehman Brothers

Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...

. It is now known as Trilantic Capital Partners

Trilantic Capital Partners

Trilantic Capital Partners is a private equity investment firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries in the US and Europe. The firm was formerly known as Lehman Brothers Merchant Banking , the buyout arm of Lehman Brothers...

.