Report November 2021

During November the Columbus European Equity Fund class I fell by -3.2%. Year to date the Fund has risen by 15.14%, and by 21.2% over the past 12 months. Since inception in June 2008, Columbus’ return has been 175.5%, comfortably exceeding…

Report October 2021

During October, Pareturn GVC Gaesco Columbus European Mid Cap Equity Fund class I increased by +2.21%. The Columbus Fund has risen by +18.99% YTD, and by +41.64% in the last 12 months . Since its inception in June 2008, Columbus’ return…

Report September 2021

During September the Pareturn GVC Gaesco Columbus European MidCap Equity Fund class I fell by - 0.98%, beating the -3.41% return of the STOXX 600 index. Over the past six months the Fund has risen by +13.49%, and by +34.34%% over the past 12…

Zardoya-Otis Takeover – Effect on Columbus fund

On Thursday 23rd September Otis Worldwide announced its intention to acquire the outstanding shares of its Spanish subsidiary, Zardoya Otis at a 31% premium to the prior close.…

National Express/Stagecoach Merger – Effect on Columbus fund

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National Express, the international transport company, announced on Tuesday 21st September, that they are in merger discussions, in all-share deal, with UK public transport…

Global Dominion Access – Holding Update

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Price €4.50 Market Cap €730m PE FY2022 14x EV €664m EV:Sales 0.54x DY 0.5% EBITDA Margin 9.2%   Conclusion Having initially purchased our position in DOM at the IPO in 2016 for a price…

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