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Legatum
Legatum Limited is a private investment firm, headquartered in Dubai, United Arab Emirates. Legatum was founded in 2006 by Christopher Chandler. Legatum owns the British broadcaster GB News.
Legatum (meaning "legacy" or "gift") is a private investment firm based in Dubai using only capital provided by members of the firm. Legatum was founded in December 2006 in the United Arab Emirates by investor Christopher Chandler. Previously, Chandler was the president of Sovereign Global, or Sovereign, which he co-founded with his brother Richard Chandler in 1986. Sovereign invested capital in companies located in Asia, Africa, Latin America and Eastern Europe, and in industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining. The Chandler brothers embarked on separate ventures following the de-merger of Sovereign in 2006. Christopher Chandler established Legatum the following December. In 2012, Legatum purchased a building in the Dubai International Financial Centre for its global headquarters. The building was renamed Legatum Plaza, and the company moved into the building the following year.
In 2015, Legatum transitioned to a partnership, consisting of Christopher Chandler, Mark Stoleson, Philip Vassiliou and Alan McCormick, providing a structure for the firm to continue operating beyond its founders.
The firm's investment activities tend to focus on globally listed companies, markets in economic transition (such as Japan or China), or distressed situations.
Legatum was one of the first foreign commercial investors to provide critical equity capital to for-profit microfinance organizations in India, investing $25 million for a majority stake in SHARE Microfinance, India's leading microfinance institution.
In 2006, the company co-founded an early charity crowdfunding platform, Razoo Global Corporation. The platform announced a management buy-out of Legatum's holding in 2017. In 2007, Legatum purchased a significant minority stake in consultant firm Intellecap, which it subsequently sold back to its owner, the Aavishkaar Group, in 2017.
In 2008, Legatum and Omidyar Network, a philanthropic investment firm founded by Pierre Omidyar, collaborated to co-invest a total of $40 million into Unitus Equity Fund II (now known as Elevar Equity). The fund is a commercial venture providing capital to businesses targeted at serving the poor in the developing world.
In 2021, Legatum invested in GB News, a new UK TV channel.
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Legatum
Legatum Limited is a private investment firm, headquartered in Dubai, United Arab Emirates. Legatum was founded in 2006 by Christopher Chandler. Legatum owns the British broadcaster GB News.
Legatum (meaning "legacy" or "gift") is a private investment firm based in Dubai using only capital provided by members of the firm. Legatum was founded in December 2006 in the United Arab Emirates by investor Christopher Chandler. Previously, Chandler was the president of Sovereign Global, or Sovereign, which he co-founded with his brother Richard Chandler in 1986. Sovereign invested capital in companies located in Asia, Africa, Latin America and Eastern Europe, and in industries including telecommunications, electric utilities, steel, oil and gas, banking and oil refining. The Chandler brothers embarked on separate ventures following the de-merger of Sovereign in 2006. Christopher Chandler established Legatum the following December. In 2012, Legatum purchased a building in the Dubai International Financial Centre for its global headquarters. The building was renamed Legatum Plaza, and the company moved into the building the following year.
In 2015, Legatum transitioned to a partnership, consisting of Christopher Chandler, Mark Stoleson, Philip Vassiliou and Alan McCormick, providing a structure for the firm to continue operating beyond its founders.
The firm's investment activities tend to focus on globally listed companies, markets in economic transition (such as Japan or China), or distressed situations.
Legatum was one of the first foreign commercial investors to provide critical equity capital to for-profit microfinance organizations in India, investing $25 million for a majority stake in SHARE Microfinance, India's leading microfinance institution.
In 2006, the company co-founded an early charity crowdfunding platform, Razoo Global Corporation. The platform announced a management buy-out of Legatum's holding in 2017. In 2007, Legatum purchased a significant minority stake in consultant firm Intellecap, which it subsequently sold back to its owner, the Aavishkaar Group, in 2017.
In 2008, Legatum and Omidyar Network, a philanthropic investment firm founded by Pierre Omidyar, collaborated to co-invest a total of $40 million into Unitus Equity Fund II (now known as Elevar Equity). The fund is a commercial venture providing capital to businesses targeted at serving the poor in the developing world.
In 2021, Legatum invested in GB News, a new UK TV channel.