A global leader in the transition to safe, sustainable energy
The world needs energy, but energy production needs to change. LetterOne (L1) is building a safe, sustainably growing energy group, recognised as a partner of choice in its industry and enabling the transition to a lower-carbon and more circular economy. We continue to look for active investments that can power society for the long term.
"Investment activity in the circular economy is significant and on the increase, as customers become ever more thoughtful about plastics, waste and the full cycle impact of all of our lifestyles."
Our year in review
Looking back on a year of resilience, ingenuity and achievement.Our year in review - L1 Energy
Net assets under management (31 Dec 2021)
The L1 Energy team
In May 2019 L1 Energy and BASF joined forces in the largest oil and gas merger for a decade. Together, we created Wintershall Dea – the world's leading privately held energy company. L1 holds 33% of Wintershall Dea, with a 70% bias towards gas.
LetterOne has invested in Plastic Energy, the industry leader in the chemical recycling of end-of-life plastic waste
L1 Energy has invested in H2scan, a world leader in providing hydrogen sensors for electricity utilities and industrial markets
L1 has invested in Tigo Energy, a worldwide leader in the development and manufacture of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.
L1 Energy made an investment into Breakwater Energy, a newly incorporated subsidiary of EIG, which acquired a 25% interest in Repsol Upstream. Repsol Upstream comprises the entire global upstream oil and gas business of Repsol.https://www.repsol.com/content/dam/repsol-corporate/en_gb/accionistas-e-inversores/cnmv/2022/ii07092022-agreement-for-the-acquisition-by-eig-global-energy-partners-of-25-percent-stake-in-repsol-exploration-and-production-business.pdf
The world needs energy, but energy production needs to change. L1 is building a safe, sustainably growing energy group, recognised as a partner of choice in its industry and enabling the transition to a lower-carbon and more circular economy. We continue to look for active investments that can power society for the long term.
We are long term growth investors in telecoms and technology – with no fixed investment time horizons and significant funding available of our own patient capital. We believe this is a sector of vital, sustainable social and economic importance.
L1 Health partners with entrepreneurs and industry executives to invest in platforms that are propelled by powerful, long term global trends and have the potential to transform healthcare and improve lives.
L1 retail is a differentiated investor with a longer-term horizon than many. We look for platforms that can be positioned for strong, sustainable growth over ten years and beyond.
L1 Treasury manages the liquidity and financial investments of L1 Investment Holdings. When the Group makes strategic investments, L1 treasury provides the necessary funds, whereas where investments are sold or dividends received, L1 Treasury manages the available funds.
LetterOne is a partnership of successful entrepreneurs and international business people.Home
As active investors we work closely with founders and management teams to realise their company potential.About us
L1 is built on the expertise of our people – from our executive, to our investment teams and world-class advisory board members.Our people