ELEVATION CAPITAL’S GLOBAL SHARES FUND BENEFITS FROM TWO TAKEOVER OFFERS

Elevation Capital Global Shares Fund: Last month Tiffany & Co received a US $14.5 Billion takeover offer from Louis Vuitton Moet Hennessy (LVMH), at an approximate +30% premium to the prevailing share price. Tiffany & Co is the largest positions in the Fund which seeks to acquire companies trading below their intrinsic value and that are out of favour with many investors. Another holding in the fund, QMS Media, also received a takeover offer last month at a +22% premium to the prevailing share price.

These announcements add to a history of takeovers in the Fund since its inception which we have tracked on our Takeover Timeline:

Read more about the most recent takeover offers Elevation Capital has benefited from in our mailer (released 17 November 2019) here.