The belief, managed by Odyssean Capital, invests in a concentrated portfolio of firms sometimes too small for inclusion within the FTSE 250, avoiding firms the place M&A is “much less seemingly” and companies which can be “unlikely to be coveted by various house owners to public market buyers”.
Within the belief’s half yr report for the six months to 30 September, the board mentioned that traditionally the belief’s internet asset worth efficiency has been a beneficiary of M&A, with ten accomplished takeovers of portfolio firms since 2018, 70% of which have been executed by commerce consumers and 60% executed by abroad b…
