Search Results

Holland & Barrett announces Chair transition as business enters next phase of growth

Holland & Barrett today announces that Alex Gourlay will step down as Chairman, following more than three years leading the business through a significant and successful period of transformation. Alex will also step down from the Board of LetterOne. Alex joined Holland & Barrett in early 2023 with a clear mandate to guide the business […]

Our businesses

LetterOne appoints three world class experts to inaugural India Advisory Board

London/New Delhi, 16 October 2025 – LetterOne Group (L1), the $20bn global investment firm, today announced its formal entry into India with the launch of its India Advisory Board and the appointment of highly respected business leaders as inaugural senior advisors. The India Advisory Board will help shape the next phase of L1’s market entry […]

Ed Williams

Ed is a Managing Director and Operating Partner at LetterOne.  Prior to this role, Ed was Head of the Value Creation Group at Actis, a pan-emerging markets PE fund, where he oversaw a portfolio of 70 investments in private and listed businesses, predominantly in the consumer, health, financial services and education sectors.  Ed has broad […]

Aleksis Razmuss

Aleksis Razmuss is a Partner in our London office and focuses on opportunities in the Energy sector globally. He has over 15 years of investment, board and advisory experience, including eight years at Elliott Investment Management where he was an Associate Portfolio Manager. Earlier in his career, Aleksis worked in the private equity team at […]

2024 year in review – L1 Energy

2024 was marked by relative price stability in oil and gas despite substantial geopolitical events during the year. Brent prices ranged from $69/bbl to $91/bbl, with a significant premium on European natural gas prices averaging $11.5/mmbtu compared to the US’s Henry Hub average of $3.0/mmbtu, which continues to pressure industrial activity and discretionary investment on […]

2024 year in review – L1 Health

L1 Health focuses on long-term, hands-on investments aimed at creating industry leaders. Our evergreen capital base allows us the flexibility to allocate capital without external pressures and to tailor investment approaches to each opportunity. L1 Health pursues transformative opportunities, focusing on innovation to redefine competition and profit pools. We prioritise long-term trends, leveraging market changes […]

2024 year in review – L1 Retail

L1 Retail is a differentiated investor leveraging a strong track record in retail to buy and build the next generation of retailers internationally. We look for platforms that can be positioned for strong, sustainable growth over ten years and beyond. Holland & Barrett (H&B) 2024 was a year of marked turnaround for H&B, with significant […]

2024 year in review – L1 Technology

L1 Technology is a long-term growth investor in technology and communications – with its own patient capital, no fixed time horizon and significant funding available. We actively look for investments in the broader technology space in the EMEA region with a focus on software, digital platforms, tech enabled services, connectivity and data. Through its portfolio […]

2024 year in review – L1 Treasury

L1 Treasury manages the liquidity and financial investments of L1 Investment Holdings. When the Group makes strategic investments, L1 Treasury provides the necessary funds and when investments are sold or dividends received, L1 Treasury manages the available funds through a portfolio of financial investments in public and private equity, fixed income, real estate, direct lending […]