Lagfin

What Lagfin does

Lagfin S.C.A. is a Luxembourg-incorporated holding company structured as a Société en Commandite par Actions (limited partnership by shares), established in 1995 and headquartered at 3, Rue des Bains, L-1212 Luxembourg. Its primary corporate purpose is holding a controlling stake in Davide Campari-Milano N.V., the publicly-listed parent of Campari Group, comprising approximately 50% of issued share capital and more than 80% of voting rights. Beyond this anchor investment, Lagfin actively invests globally across financial, corporate, and real estate asset classes. Artemisia Management S.A. serves as the General Partner in the limited partnership structure, and Ernst & Young S.A. is the auditor.

Lagfin operates as a long-term controlling shareholder rather than a product or technology company. Its economic returns derive from dividends and capital appreciation generated by its portfolio holdings — principally the Campari Group stake, which itself operates across more than 190 nations with a portfolio of over 50 premium and super-premium spirits brands including Aperol, Campari, Espolòn tequila, Wild Turkey, Appleton Estate, Courvoisier, and Grand Marnier. Lagfin has no end customers, sells no products, and does not engage in marketing or demand generation. The firm has 11–50 employees and communicates primarily through regulatory filings and capital-markets announcements.

Lagfin finances its activities through an Exchangeable Bond Programme tied to its Campari Group shareholding. Notable issuances include €300M bonds due 2025 (issued 2019, redeemed at maturity 2025), €536.4M bonds due 2028 (issued 2024), and a planned €600M issuance due 2033 (announced 2026) with simultaneous repurchase of the 2028 bonds. Goldman Sachs and UBS Europe SE serve as joint dealer managers on the 2026 refinancing. Lagfin itself is not listed on any exchange; its operating subsidiary Davide Campari-Milano N.V. trades on the Italian Stock Exchange (Bloomberg CPR IM, Reuters CPRI.MI). Material is restricted from distribution in the US, South Africa, Canada, Japan, and Australia.

Name

Lagfin

Legal name

Lagfin S.C.A.

Website

https://lagfin.lu

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Lagfin S.C.A. is a Luxembourg-based holding company founded in 1995 that holds a controlling stake in Davide Campari-Milano N.V. and invests globally across financial, corporate, and real estate asset classes.

Ownership category

akta.pro rank

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Holdings and Strategic Stewardship: As a Luxembourg-based holding company, Lagfin generates returns through its controlling stake in Campari Group (~50% of issued share capital) and investments across financial, corporate, and real estate sectors. Revenue is primarily derived from dividends and capital appreciation from these strategic holdings.

Core offering

Lagfin S.C.A. is a Luxembourg-based investment holding company (Société en Commandite par Actions) that holds a controlling stake of approximately 50% of issued share capital (more than 80% of voting rights) in Davide Campari-Milano N.V., the parent company of Campari Group. Beyond this core holding, Lagfin actively invests globally across financial, corporate, and real estate asset classes, financed in part through exchangeable bond issuances. The company does not sell products or services to end customers.

Product overview

Lagfin S.C.A. is a Luxembourg-based holding company (Société en Commandite par Actions) incorporated in 1995. It is not a product or technology company; its primary corporate purpose is holding a controlling stake (~50% of share capital, >80% of voting rights) in Davide Campari-Milano N.V., the parent company of Campari Group. Lagfin additionally invests globally across financial, corporate, and real estate asset classes. The company does not offer a unified product platform or SaaS offering; rather, its "portfolio" consists of strategic equity investments, bond instruments, and consolidated financial reporting for its holding structure. The related operating business (Campari Group) offers over 50 premium spirits brands including Aperol, Campari, Espolòn tequila, Wild Turkey, Appleton Estate, Courvoisier, and Grand Marnier, but these are products of a subsidiary entity, not offerings of Lagfin itself.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Artemisia Management S.A.coreStrategic or Co-development PartnerArtemisia Management S.A. serves as the General Partner of Lagfin S.C.A., a Société en Commandite par Actions (limited partnership by shares). As General Partner, it plays a key governance role in the company's corporate structure.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Exor N.V. Dutch-headquartered holding company controlled by the Agnelli family, with controlling/long-term stakes in listed businesses (e.g., Ferrari, Stellantis). Closest structural analogue to Lagfin: private holding entity, controlling shareholder in a major global operating company, long-duration capital.
• Sofina SA: Belgian investment holding with long-term minority and controlling stakes in listed and private companies globally. Comparable to Lagfin in horizon, governance style, and use of holding structures for diversified long-term value creation.
• Wendel SE: French long-term investment firm holding controlling positions in listed and private European companies. Comparable to Lagfin as a multi-decade, controlling-shareholder-oriented holding entity with industrial operating exposure.
• Groupe Bruxelles Lambert (GBL): Belgian holding company with controlling/long-term stakes in a diversified portfolio of listed European and global businesses. Mirrors Lagfin's model of long-duration stewardship of concentrated equity positions.
• HAL Investments: Dutch private investment company with controlling stakes in listed and unlisted businesses. Similar to Lagfin in being a privately controlled holding entity with concentrated, long-term equity positions.
• Kinnevik AB: Swedish long-term investment company with concentrated positions in listed and growth-stage businesses. Comparable to Lagfin in long-duration, value-creation-focused holding model.
• Investor AB: Swedish listed investment company holding controlling or significant positions in listed Nordic and global companies. Directly comparable to Lagfin in model: long-term, controlling-shareholder approach with diversified industrial holdings.

Broad incumbents

• Pernod Ricard SA: Global premium spirits group directly competing with Campari across aperitifs, cognac, whisky and champagne. Relevant to Lagfin because Lagfin's primary economic exposure is to this competitive set via its Campari stake.
• Berkshire Hathaway Inc. The archetypal long-term holding company with concentrated positions in listed operating businesses. Far larger and more diversified than Lagfin, but the same fundamental model of using a holding structure to steward controlling/strategic equity positions over decades.
• Diageo plc: Largest global premium spirits company, competing head-to-head with Campari in key categories (whisky, tequila, liqueurs). Material comparability for Lagfin via its underlying Campari stake, even though Lagfin is a holding company rather than an operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lagfin-s.c.a.

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lagfin