ENERGY

The energy sector has significant long term growth characteristics driven by the continued industrialisation of the East, finite supplies and an increasing focus on energy efficiency and the green agenda. Of particular relevance to Candover, the oilfield services market looks set to benefit as these medium to long term fundamentals offering substantial opportunities for well positioned operators.

EXPRO INTERNATIONAL

Expro International is a leading oilfield services provider. The company specialises in well flow management, particularly in the most technically challenging deepwater environments, where it supplies and operates equipment that measures, improves and controls flow rates from high value oil and gas wells for multinational oil majors as well as state owned national oil companies.

www.exprogroup.com
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KEY FACTS AND FIGURES

Industry sector: Energy
Residual cost*: £94.4m
Value 30/6/16: £0.6m
% of net assets: 1.9%

 

Investment date: July 2008
Geography: UK HQ; global activities

 

*Original cost adjusted for additions/disposals to date

INDUSTRIALS

Industrial investments in our portfolio comprise companies from growth markets such as aerospace. Additionally, we hold investments in distinctive consumer design and manufacturing businesses with strong growth potential and robust and powerful brands capable of internationalisation and innovation.

 

HILDING ANDERS

Hilding Anders is a European and Asian manufacturer of beds and mattresses. The company was founded in 1939 and has grown strongly during the past decade as a consequence of several acquisitions and a strategy to consolidate the global bed market. The company now operates in 40 different markets, manufacturing and selling around 8 million branded and private-label beds and mattresses each year.

www.hildinganders.com
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KEY FACTS AND FIGURES

Industry sector: Industrials
Residual cost*: £24.3m
Value 30/6/16: £1.6m
% of net assets: 5.0%

 

Investment date: December 2006
Geography: Swedish HQ; global activities

 

*Original cost adjusted for additions/disposals to date

TECHNOGYM

Technogym is a global leader in the design and manufacture of premium branded fitness equipment and wellness solutions – a market which has grown rapidly over the last decade and is now estimated to be worth more than $10bn annually. The company has built a strong reputation as one of the most active innovators in the industry, serving the major European fitness club chains and hotels as well as expanding rapidly into the USA and emerging markets such as Asia and the Middle East. Technogym has been appointed as the official supplier of fitness equipment to the London 2012 Olympic Games.

www.technogym.com
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KEY FACTS AND FIGURES

Industry sector: Industrials
Residual cost*: £10.3m
Value 30/6/16: £7.1m
% of net assets: 22.0%

 

Investment date: August 2008
Geography: Italian HQ; global activities

 

*Original cost adjusted for additions/disposals to date

SERVICES

The service sector is a vital part of key European economies. The highest growth areas look set to be those that relate to enhancing corporate efficiency and competitiveness, information and media related services, as well as those driven by special characteristics of developed economies – such as high per capita income and leisure’s growing share of consumer spend, and the speed of technological adoption.

 

PARQUES REUNIDOS

Parques Reunidos is the world's third largest operator of leisure parks, entertaining around 26 million visitors each year in 71 amusement parks, animal parks and water parks in ten countries across the globe. The company operates only regional and local parks and has leading market positions in all segments. It is the world's largest water park operator, the largest operator of animal parks in Europe and the operator of Europe's largest aquarium.

www.parquesreunidos.com
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KEY FACTS AND FIGURES

Industry sector: Services
Residual cost*: £30.6m
Value 30/6/16: £29.1m
% of net assets: 90.1%

 

Investment date: March 2007
Geography: Spanish HQ; global activities

 

*Original cost adjusted for additions/disposals to date