Heineken: Now You Can

Investors in the Elevation Capital Global Shares Fund own a share of Heineken Holding N.V. (ENXTAM:HEIO), the holding company of the world’s most international brewer, Heineken. Heineken are the proud owner and producer of more than 300 brands, including renowned premium market leaders such as Heineken, Tiger, Amstel and Birra Morretti. Over the years they have developed a global reputation for quality, and remain a proactive leader in discussions around responsible drinking and environmental conservation. Heineken have also been an early adopter of market trends such as the premiumisation of their product range, and the introduction of 0.0% alcohol varieties.

The Elevation Capital Global Shares Fund previously owned Heineken Holding N.V. from 2010 to 2016 delivering a net return of +177.22% (+25.32% per annum). The COVID-19 pandemic has hit the beer market particularly hard as consumers have been prevented from attending social gatherings and restaurants - two of the key points of sale for beer consumption. This alignment of negative forces presented the opportunity to acquire Heineken at an attractive discount to our sum-of-the-parts valuation range of £108.14 to £118.13, offering a potential upside of +61.40% to +76.31% from the Elevation Capital Global Shares Fund’s latest cost basis as at 31 May 2021.