Long term capital, world-class teams and active engagement will ultimately bring rewards for all
As entrepreneurs, and successful businesspeople we invest in, buy and build companies where we see an attractive valuation, good management teams, competitive advantage and market opportunity, and where our involvement will build significant value. We are investing our own patient capital in companies where we believe our sector experience, strategic and geographic expertise will improve performance.
L1 currently invests through majority or minority equity holdings in public and private companies or through structured equity. Our portfolio and capital allocation reflects a balance of sector and company exposure with diversification across cycles, geographies, currencies and commodities.
This allows us to capitalise on long-term sector growth and cash flow generation opportunities. It also gives us cyclical and non-cyclical opportunities, geographical diversification and commodity exposure.
We aim to build a new portfolio of successful companies that are leaders in their fields.
Diversified portfolio and deep sector expertise
Oil and Gas
Increasing population growth means increased demand for energy. For the next few decades at least, oil and gas will be an important cash flow generator. We invest in good development opportunities at low oil prices, then target operating improvements and cost optimisation.
Telecoms companies of the future will play a role in fundamentally altering the way we live, work and relate to one another. VEON is restructuring itself evolving into a global technology company. Turkcell has already made significant progress in transforming itself into a “digital operator”.
Big international companies are evolving their operating models, automating and changing their customer relationships in 21st century digital economy. We invest opportunistically in technology companies, which will provide the services to enable this transformation. Our expertise in retail, banking, health, oil and gas and telecoms will help us make world-class investments.
Technology and demographic trends are pushing the boundaries of healthcare and creating new investment opportunities in contract manufacturing, life science tools and medical distribution. L1 Health aims to make sizeable investments aimed at generating high cash flow and growth in these areas.
The Retail Sector is in the midst of substantial change, driven by demographics and technology. We are looking for non-cyclical niches and companies that will be disruptors in the sector. These companies will generate cash flow and growth. We invest to drive digital transformation and create disruptive retail leaders.
We will leverage the insights we gain from our investments in private equity to build expertise in new sectors. The funds in which we invest are independently managed.
L1 Treasury manages all un-invested capital. The majority of assets are invested in low risk, liquid assets so that funds can be released quickly and provided to the rest of L1 in order to have adequate funds available at relatively short notice; L1 Treasury selects a broad mix of investments.