Important Legal Information

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 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 Article 2 (e) of the Regulation (EU) 2017/1129 of the European Parliament and the Council of June 14, 2017.

Luxembourg · Est. 1995

Long-term value creation through strategic investments

Lagfin S.C.A. is a Luxembourg-based limited partnership by shares, holding a controlling stake in Campari Group and investing globally across asset classes in the financial, corporate and real estate sectors.

A Legacy of Strategic Stewardship

Incorporated in 1995, Lagfin S.C.A., Société en Commandite par Actions, is a Luxembourg-based limited partnership by shares whose main corporate purpose is holding a controlling stake in Campari Group, one of the most prominent players in the spirits industry worldwide.

Further to this, Lagfin actively invests globally across different asset classes within the financial, corporate and real estate sectors.

With a shareholding of ~50% of the issued share capital — corresponding to more than 80% of the voting rights — 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 a major player in the global spirits industry, with a global distribution reach trading in over 190 nations around the world, with leading positions in Europe and the Americas.

Campari Group has a portfolio of over 50 premium and super premium brands, spanning across Aperitifs, including iconic brands like Aperol and Campari, Agave spirits such as Espolòn tequila, Whiskeys and Rum, with Wild Turkey and Appleton Estate, as well as Cognac and Champagne, including Courvoisier and Grand Marnier.

The shares of the parent company Davide Campari-Milano N.V. (Reuters CPRI.MI — Bloomberg CPR IM) have been listed on the Italian Stock Exchange since 2001.

Corporate Structure

Legal Form Société en Commandite par Actions
General Partner Artemisia Management S.A.
Jurisdiction Luxembourg
Auditor Ernst & Young S.A.
Annual Accounts & Reports
Lagfin's annual financial statements and consolidated financial statements are audited by Ernst & Young S.A., with seat at 35E, Avenue John F. Kennedy, L-1855 Luxembourg.

Consolidated Accounts

Previous years
Separated Accounts
Exchangeable Bond Programme
Documentation relating to Lagfin's exchangeable bond issuances, available to qualified investors in compliance with applicable regulations.
Instrument ISIN Maturity Amount Documents
Exchangeable Bonds due 2028 XS2630795404 2028 €536.4m Launch Press Release →
Pricing Press Release →
Terms & Conditions →
10% Repurchase Notice →
20% Repurchase Notice →
Exchangeable Bonds due 2025 (redeemed) XS2198575271 2025 €330m Launch Press Release →
Pricing Press Release →
Terms & Conditions →
Early Redemption Notice →
Latest Announcements
Previous announcements
Ethics & Whistleblowing

Lagfin S.C.A. and its Italian branch are committed to maintaining the highest standards of conduct, integrity and ethical behaviour. The company encourages the reporting of breaches of law, of the Company's Code of Ethics and of company policies through appropriate channels.

Reports can be submitted in compliance with applicable whistleblowing legislation, including Italian Legislative Decree 24/2023. All reports are handled confidentially and in accordance with data protection regulations.

For further information or to make a report, please contact us or refer to the company's whistleblowing procedure below.