LetterOne

Founded in 2013, LetterOne (L1) is a Luxembourg-based private investment firm that utilizes its extensive financial resources and management expertise to acquire and build a portfolio of market-leading companies. The firm focuses on long-term value creation by investing in sectors poised for growth, including energy, telecommunications, healthcare, and retail. Its strategy involves taking significant stakes in companies and actively working with their management teams to drive performance and expansion. Following the imposition of EU and UK sanctions in 2022, the company's sanctioned co-founders have stepped down from their roles and had their shares frozen, with the business now operating under the control of its board.