LetterOne Holdings

LetterOne (L1) is a prominent international investment firm headquartered in Luxembourg. Founded in 2013 by a group of successful entrepreneurs, it was established to manage and grow assets across several key sectors, including energy, technology, retail, and health. The firm is well-known for its long-term investment strategy and its role in managing significant retail brands and energy assets across Europe and beyond.

One of LetterOne's most recognizable global investments is Holland & Barrett, the health and wellness retailer based in the United Kingdom. Although the firm has roots in the business activities of its founding members from Russia, it operates as a distinct international entity. In recent years, the firm has undergone structural changes to ensure governance independence and compliance with international regulatory frameworks, particularly in light of global geopolitical shifts.

Today, LetterOne continues to manage a multi-billion dollar portfolio. It remains a major player in the global private equity space, focusing on sustainable growth and market resilience within its diverse business divisions, such as L1 Health, L1 Retail, L1 Technology, and L1 Energy.