• Brickability—leading supplier to UK construction companies and landmark architectural projects
• Gym Group—pioneer of affordable, low-cost, no-contract, 24/7 gyms across the UK
We have also found what we believe to be a select group of compelling companies from across Continental Europe with specialty products offered globally, trading at attractive valuations, including:
• MIPS—global provider of patented technology to protect against brain injury in sports and work helmets (based in Sweden)
• Raisio – “healthy food” company with cholesterol lowering Benecol as key brand (based in Finland)
• Varta – global provider of specialty batteries, notably for hearing aids and next generation ear buds for cell phones; Varta batteries landed on the moon with Neil Armstrong (based in Germany)
All of these companies look well set to benefit in 2020. We factor in the uncertainties and risks, both positive and negative, but we believe that the sound course is to discover companies that can win in a wide variety of circumstances. We feel we have a portfolio of such special companies today.
Jamie Carter is a partner of S.W. Mitchell Capital in London and portfolio manager of the SWMC Small Cap European Strategy.
Security holdings are presented to illustrate examples of securities that the strategy has bought and the diversity of the areas in which the strategy may invest, and may not be representative of the strategy’s current or future investments. Portfolio holdings are subject to change and should not be considered investment advice. It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities in this list. You may request a list of all recommendations made by the firm for the prior year, free of charge, by contacting F/m Acceleration LLC, Attn: Compliance, 3050 K Street, Suite W-170, Washington, DC 20007.