DISCLAIMER NOTICE

This website and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), South Africa, Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any securities referred to on this website in the United States, South Africa, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, South Africa, Canada, Japan or Australia including any corporation or other entity organized under the laws of the United States, South Africa, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, South Africa, Canada, Japan or Australia. Potential users of this information are requested to inform themselves of, and to observe, any such restrictions. Viewing this website and the information contained herein may be unlawful if you are a resident of or located in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view this information. Persons into whose possession the materials on this website or the information contained therein come should inform themselves about and observe any such legal restriction and consult their professional advisers as appropriate. Any securities referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. Lagfin S.C.A. does not intend to register any securities in the United States, and no offering of any securities referred to herein will be made in the United States.

***

With respect to each Member State of the European Economic Area (the “Relevant Member State”) governed by Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017(the “Prospectus Regulation”), the information available in the following pages is directed only at qualified investors as defined in Article 2 (e) of the Prospectus Regulation. These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State who is governed by the Prospectus Regulation. All persons who wish to access the information and documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website. Lagfin S.C.A assumes no responsibility if there is a violation of applicable laws and regulations by any person. The information contained in this website does not constitute an invitation or inducement to engage in any investment activity within the meaning of the UK Financial Services and Markets Act 2000. Such information is directed only at (i) those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”)),(ii) persons falling within Article 49(2)(a) to (d) of the Order or (iii) any other person to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this website and the information contained herein relates is available only to relevant persons in the United Kingdom and will be engaged in only with such persons. Any person who is not a relevant person should not act or rely on the information contained in this website.

***

I, therefore, represent and warrant that:


(1) (i) I am authorized to access the information and documents on this webpage without being subject to any legal restriction and without any further action required by the Company; (ii) I have read, understand and agree to comply with all of the restrictions set forth above; and (iii) I am not a resident of or physically present in the United States, South Africa, Canada, Japan or Australia, and I will not transmit or otherwise send any information contained herein (either in whole or in part) to any person in the United States, South Africa, Canada, Japan or Australia or to publications with a general circulation in the United States, South Africa, Canada, Japan or Australia;

and

(2) (i) I am authorized to access the information and documents on this webpage without being subject to any legal restriction and without any further action required by the Company; (ii) I have read, understand and agree to comply with all of the restrictions set forth above; and (iii) I am a resident of and physically present in a Member State of the European Economic Area applying Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017, and I am a qualified investor as defined in in Article 2 (e) of the Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017.


DISCLAIMER NOTICE

Please read this notice carefully, as it applies to all persons who view this webpage. Please note that the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site.


Overseas Persons


This website and the information contained herein are not intended for, and may not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States of America (including its territories, the "United States"), South Africa, Canada, Japan or Australia, and do not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to purchase or acquire, directly or indirectly, any securities referred to on this website in the United States, South Africa, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, South Africa, Canada, Japan or Australia including any corporation or other entity organized under the laws of the United States, South Africa, Canada, Japan or Australia or to, or for the account or benefit of, any person resident in the United States, South Africa, Canada, Japan or Australia. Potential users of this information are requested to inform themselves of, and to observe, any such restrictions. Viewing this website and the information contained herein may be unlawful if you are a resident of or located in certain jurisdictions. In other jurisdictions, only certain categories of person may be allowed to view this information. Persons into whose possession the materials on this website or the information contained therein come should inform themselves about and observe any such legal restriction and consult their professional advisers as appropriate. Any securities referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States (as defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act. Lagfin S.C.A. does not intend to register any securities in the United States, and no offering of any securities referred to herein will be made in the United States. The securities mentioned herein will also not be registered under or offered in compliance with applicable securities laws of any state, province, territory, county in any other jurisdiction where such communications are not permitted or are restricted pursuant to applicable laws, rules and regulations. Accordingly, unless an exemption under the relevant securities law is applicable, any such securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction.

***

With respect to each Member State of the European Economic Area (the “Relevant Member State”) governed by Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017(the “Prospectus Regulation”), the information available in the following pages is directed only at qualified investors as defined in Article 2 (e) of the Prospectus Regulation. These restrictions with respect to any Relevant Member State apply in addition to any other restrictions which may be applicable in the Relevant Member State who is governed by the Prospectus Regulation. All persons who wish to access the information and documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website. Lagfin S.C.A assumes no responsibility if there is a violation of applicable laws and regulations by any person. The information contained in this website does not constitute an invitation or inducement to engage in any investment activity within the meaning of the UK Financial Services and Markets Act 2000. Such information is directed only at (i) those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”)),(ii) persons falling within Article 49(2)(a) to (d) of the Order or (iii) any other person to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this website and the information contained herein relates is available only to relevant persons in the United Kingdom and will be engaged in only with such persons. Any person who is not a relevant person should not act or rely on the information contained in this website.


Basis of access


Access to electronic versions of these materials is being made available on this webpage by Lagfin S.C.A. in good faith and for information purposes only. Any person seeking access to this webpage represents and warrants to Lagfin S.C.A. that they are doing so for information purposes only. Making press announcements and other documents available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy securities. Further, it does not constitute a recommendation by Lagfin S.C.A. or any other party to sell or buy securities. If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.


Forward-looking statements


The materials on this portion of the website may contain statements which constitute “forward-looking statements”. Such statements are generally identified by words such as “expectation”, “belief”, “anticipate”, “intend”, “estimate”, “plan”, “target”, “forecast”, “continue”, “may”, “should” or “will” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Lagfin S.C.A.. Actual results and developments may differ materially from those expressed or implied in such statements because of a number of factors. Forward-looking statements should, therefore, be construed in light of such factors and undue reliance should not be placed on forward-looking statements. Other than in accordance with its legal and regulatory obligations, Lagfin S.C.A. is not under any obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


Confirmation of understanding and acceptance of disclaimer


Electronic versions of these materials are not directed at or accessible by persons located in the United States, South Africa, Canada, Japan or Australia or any other restricted jurisdiction.
***
I, therefore, represent and warrant that:
(1) (i) I am authorized to access the information and documents on this webpage without being subject to any legal restriction and without any further action required by Lagfin S.C.A.; (ii) I have read, understand and agree to comply with all of the restrictions set forth above; and (iii) I am not a resident of or physically present in the United States, South Africa, Canada, Japan or Australia, and I will not transmit or otherwise send any information contained herein (either in whole or in part) to any person in the United States, South Africa, Canada, Japan or Australia or to publications with a general circulation in the United States, South Africa, Canada, Japan or Australia;
and
(2) (i) I am authorized to access the information and documents on this webpage without being subject to any legal restriction and without any further action required by Lagfin S.C.A.; (ii) I have read, understand and agree to comply with all of the restrictions set forth above; and (iii) I am a resident of and physically present in a Member State of the European Economic Area applying Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017, and I am a qualified investor as defined in in Article 2 (e) of the Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017.


Not allowed

Due to applicable legal restrictions, you are not allowed to access the electronic versions of this information. We apologize for the inconvenience.

Lagfin S.C.A., Société en Commandite par Actions (‘Lagfin’) is a Luxembourg-based company organized under the form of limited partnership by shares.
╲╱
 Its main corporate purpose is the holding of a controlling stake in Davide Campari-Milano N.V. and hence in the Campari Group, one of the most prominent players in the spirits industry worldwide. Lagfin may also carry out transactions aimed at acquiring and maintaining relevant shareholdings in companies of any kind, both in Luxembourg or abroad, as well as financial, commercial and real estate transactions. Lagfin’s strategy is based on long-term investments in companies and financial and real estate assets with solid potential for value creation and divesting them as they are deemed to have reached their full potential value.

In carrying out its business, Lagfin has always been true to its values of correctness, loyalty, honesty, curiosity and responsibility, especially in the management of corporate information. Confidentiality and transparency are also core values to which Lagfin’s activity is inspired.

History

Lagfin was incorporated in Luxembourg in 1995 as a Société Anonyme, i.e., a company limited by shares.
More
 In 2016, the company changed its legal form to become a Société en Commandite par Actions. In more recent years, Lagfin has undergone several extraordinary transactions, the most relevant being the cross-border merger resulting in the incorporation by Lagfin of its affiliate Alicros S.p.A., effective as of 12 February 2019. Such transactions, including the abovementioned merger, are part of a corporate structure simplification process put in place by Lagfin to achieve an increased level of transparency, as well as a more efficient governance structure.

Branches

On 2 August 2018, Lagfin established its Italian Branch, which has relevance for tax purposes in Italy, and operates through two legal representatives, Gianluca Cherio and Francesca Tarabbo, to whom specific powers have been assigned. Through the Italian Branch, the Issuer holds, inter alia, its core shareholdings in Davide Campari-Milano N.V., LG Partners, LLC and Piga S.r.l.
More
 On 27 August 2018, Lagfin established its Swiss Branch (Succursale di Paradiso), which has relevance for tax purposes in Switzerland and operates through three legal representatives, Pietro Cimiotta, Francesco Davico Bonino and Alberto Genovesi, to whom specific powers have been assigned. Through the Swiss branch, Lagfin holds a portfolio of financial assets.

Financial Assets

  • LAGFIN S.C.A. - LUX
    • LAGFIN S.C.A., LUSSEMBURGO SUCCURSALE DI PARADISO – CH
    • LAGFIN S.C.A. ITALIAN BRANCH – IT
      • AC Partners S.r.l. in liquidazione – IT
      • Davide Campari Milano N.V. – NL (%)
        • Campari Group
      • LG Partners LLC – USA (100%)
        • WO Partners LLC – USA (23%)
      • P.V.M. Fiduciaria S.r.l. – IT
        • Piga S.r.l. – IT (50%)
          • La Nave di Teseo S.r.l. – IT (10,3%)
      • Il Portico S.p.A. – IT (9,4%)
    • D.R. FINANCE S.à r.l. – LUX (51%)
      • D.R. FINANCE S.à r.l., LUSSEMBURGO SUCCURSALE DI PARADISO – CH
    • Portfolio3 LLC – USA (100%)
    • Portfolio4 LLC – USA (100%)
    • Portfolio5 LLC – USA (100%)
    • Portfolio6 LLC – USA (100%)
    • Brown Derby LLC – USA (100%)
    • Grand 75 LLC – USA (100%)
    • Grand Margarita LLC – USA (100%)
    • Tehama St LLC – USA (100%)
    • La Rosita LLC – USA (100%)
    • Bizzy Izzy LLC – USA (100%)
    • Teton Tanya LLC – USA (100%)
    • 10 Chapel Street Ltd – UK (100%)
    • 14 Chapel Street Ltd – UK (100%)
    • Halsdon Ltd – UK (100%)
    • Negroni Ltd - UK (100%)
    • Telco Real Estate S.r.l. – IT (100%)
    • Highball S.à r.l. – LUX (100%)

Campari Group

With a shareholding equal to % of the issued share capital (corresponding to % of the voting rights as of ), Lagfin is the long-term controlling shareholder of Davide Campari-Milano N.V., the parent company of Campari Group.
╲╱
 Davide Campari-Milano N.V. was founded in 1860 and is the sixth-largest player worldwide in the premium spirits industry. It has a global distribution reach, trading in over 190 nations around the world with leading positions in Europe and the Americas. Global Priorities, Campari Group’s key focus, include Aperol, Appleton Estate, Campari, SKYY, Wild Turkey and Grand Marnier. The Group’s growth strategy aims to combine organic growth through strong brand building and external growth via selective acquisitions of brands and businesses. Headquartered in Sesto San Giovanni, Italy, the Campari Group owns 22 plants worldwide and has its own distribution network in 22 countries. It employs approximately 4,000 people. The shares of Davide Campari-Milano N.V. (Reuters CPRI.MI-Bloomberg CPR IM), have been listed on the Italian Stock Exchange since 2001.

Other
Subsidiaries

Further to the above, as of May 2022, Lagfin holds a number of shareholdings companies operating in the real estate sector, namely:
More
  • Brown Derby LLC and Grand 75 LLC, each of them owning a building in Chicago, USA;
  • Grand Margarita LLC, which owns a building in San Francisco, USA;
  • Highball S.à r.l., Halsdon Ltd., Negroni Ltd., 10 Chapel Street Ltd. and 14 Chapel Street Ltd., each of them owning a building in central areas of London, UK;
  • LG Partners LLC, which owns a share in a property in the United States;
  • Portfolio3 LLC, which owns three adjacent buildings in Manhattan, New York City, USA;
  • Portfolio4 LLC, Portfolio5 LLC and Portfolio6 LLC, each of them owning a building in Manhattan, New York City, USA;
  • Tehama St LLC, which owns a development area in San Francisco, USA;
  • Telco Real Estate S.r.l., which owns a portfolio of four telecom properties in Italy.

Tangible Assets

An overall map of the properties, both directly and indirectly owned, is represented below. Lagfin also directly owns several tangible assets such as land and buildings in Milan (Italy), Montecarlo (Principauté de Monaco), London (UK) and other primary locations, which are either leased or to be leased.
image/svg+xml Milano London New York Monaco Chicago San Francisco

Governance

Governance Structure

Lagfin is a Luxembourg resident Société en Commandite par Actions incorporated under the laws of Luxembourg.
More
 Its registered office is established in Luxembourg. The company is managed by Artemisia Management S.A., Société Anonyme, a Luxembourg-resident company acting as general partner (actionnaire commandité). The board of directors of the general partner is composed by three Luxembourg residents: Vania Baravini, Chairwoman and Federico Franzina and Massimiliano Seliziato, Directors. The board of directors of the general partner has full power to manage Lagfin and its investments as well as to represent the company vis-à-vis third parties.

Independent Auditors

Lagfin’s annual financial statements and consolidated financial statements for the financial year ended on 31 December 2021 have been audited by Ernst&Young S.A., Société Anonyme, with seat at 35E, Avenue John F. Kennedy, L-1855 Luxembourg.

Investors

Italian Branch

Documents and information related to the Italian Branch.

Corporate Documents
╲╱

Documents related to legislative decree 231 of 8 june 2001.

Title Date Download
Codice Etico April 12 2021

Documents&Reports

Filter through all documents.

Reporting
╲╱
Reporting Date Download
Lagfin SCA Annual Report 2019 December 31 2019
Lagfin SCA Annual Accounts 2019 December 31 2019
Lagfin SCA Annual Report 2020 December 31 2020
Lagfin SCA Annual Accounts 2020 December 31 2020
Lagfin SCA Consolidated Financial Statements 2021 December 31 2021
Lagfin SCA Company Only Financial Statements 2021 December 31 2021
Lagfin SCA Annual Report 2022 December 31 2022
Lagfin SCA €330m Exchangeable Bonds due 2025
╲╱
Bonds Date Download
Lagfin Campari €300m 5-year Exchangeable Bonds - Launch June 25 2020
Lagfin Campari €330m 5-year Exchangeable Bonds - Pricing June 25 2020
Lagfin SCA €330m Exchangeable Bonds due 2025 - ISIN c July 2 2020
Lagfin SCA €330m Exchangeable Bonds due 2025 - Terms and Conditions July 2 2020
Lagfin SCA €330m Exchangeable Bonds due 2025 - Corporate name and registered office c October 21 2021
Lagfin SCA €330m Exchangeable Bonds due 2025 - Early Redemption Notice June 28 2023
Lagfin SCA €536.4m Exchangeable Bonds due 2028
╲╱
Bonds Date Download
Lagfin SCA €535m Exchangeable Bonds due 2028 - Launch June 1 2023
Lagfin SCA €536.4m Exchangeable Bonds due 2028 - Pricing June 1 2023
Lagfin SCA €536.4m Exchangeable Bonds due 2028 - Terms and Conditions June 8 2023
Townhouse in Belgravia, London
Townhouse in Belgravia, London
Multifamily building in South Kensington, London
Office building in Bloomsbury, London
Townhouse in Chelsea, London
Office Building in the City of London
Townhouse in Milan
Multifamily building in Milan
Mixed use buildings in Flatiron district, Manhattan, New York City
Mixed use building in Upper East Side, Manhattan, New York City
Mixed use building in Midtown, Manhattan, New York City
Mixed use building in NoHo, Manhattan, New York City
Mixed Use Building, Lower Manhattan district, Manhattan, New York City
under construction
Office Building in the West Loop, Chicago
Mixed Use Building in the Loop, Chicago
under construction
Mixed Use Building, Soma district, San Francisco