Sienna Capital is the alternative investments platform of the publicly traded investment holding company Groupe Bruxelles Lambert (“GBL”).
Sienna Capital aims to generate attractive risk-adjusted returns by constructing a diversified portfolio of investment managers performing well in their area of expertise (private equity, debt and specific thematic funds).
Sienna Capital is an active and involved partner for the managers it invests with. Sienna Capital supports managers by helping them raise money, attract talent and source investment opportunities as well as by providing advice on good governance and best practices.
At September 30 2019, Sienna Capital's portfolio was composed of nine managers and three co-investments deploying capital via sixteen funds into more than 150 underlying individual portfolio companies.
The portfolio includes fund investments in private equity funds (Ergon and Sagard), a credit fund (Kartesia), healthcare growth capital funds (Mérieux Développement), a fund whose strategy consists of acquiring long-term shareholdings in mid-sized publicly traded European companies (PrimeStone), a fund who provides long-term capital to closely held businesses (BDT Capital Partners), an early stage venture capital fund (Backed), a public equities techonogy fund (Marcho Partners) and a energy fund (Carlyle International Energy Partners II). Sienna Capital's portfolio also includes three co-investment's with different partners. Firstly in 2018 Sienna Captial partnered with KKR in the carve out of the Flora Foods spreads business (Upfield). Secondly in 2019 Sienna Capital invested alongside Carlyle in CEPSA, the fully integrated privately owned energy company and thirdly Sienna Captial invested in Verve, the gloablly market crowd based market place for concert tickets and holdiays for college students.
Groupe Bruxelles Lambert (GBL)
Groupe Bruxelles Lambert (GBL) is a holding company controlled by two families, Frère of Belgium and Desmarais of Canada, with a primary objective of creating value for its shareholders over the long term. Listed on the Brussels Stock Exchange since 1956, Groupe Bruxelles Lambert is one of the largest holding companies in Europe with adjusted net assets of €19 billion and a market capitalisation of €14 billion (December 2018).
GBL aims to create value in two core segments: Strategic Participations and Sienna Capital. GBL aspires to hold a position of core shareholder in the capital of its portfolio companies and play an active role in the governance, through majority stakes or minority positions with influence. GBL's current portfolio includes participations in Lafarge-Holcim, Imerys, Total, SGS, Pernod Ricard, Adidas, Umicore, GEA, Parques Reunidos and Ontex.