- Advertisement -
- Advertisement -

Related

Cevian on Buying Spree, Discloses 5% Stake in Smith & Nephew

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has disclosed a five percent stake in UK medical device manufacturer Smith & Nephew, signaling intentions to drive operational improvements after years of share price underperformance.

“Cevian sees the potential to create significant long-term value by improving the operating performance of the company’s businesses,” says Friederike Helfer, a Partner at Cevian, as reported by Bloomberg. Smith & Nephew said in a statement that the firm had “an open dialogue with our shareholders and will continue to engage with Cevian, as we do with all of our shareholders.”

“Cevian sees the potential to create significant long-term value by improving the operating performance of the company’s businesses.”

Friederike Helfer, Partner at Cevian Capital.

Smith & Nephew has seen its share price decline by nearly 40 percent over the past five years. The company has been implementing a turnaround strategy called the “12-point plan” to strengthen its orthopedics business, improve productivity, and accelerate growth in its already well-performing segments. Following the disclosure of Cevian Capital’s stake of 43.9 million shares or 5.02 percent of outstanding shares, the share price of Smith & Nephew jumped close to seven percent.

Cevian Capital, known for its measured and behind-the-scenes approach to activist investing, employs a strategy of “constructive activism” by focusing on a select dozen companies at a time. Founded by Christer Gardell and Lars Förberg, Cevian has offices in Stockholm, London, and near Zurich. The Swedish activist investor also holds minority stakes in Swiss engineering group ABB, Swiss insurer Baloise Holding AG, UBS, Ericsson AB, SKF AB, and Pearson Plc.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Candidates for the Rookie of the Year 2024

Stockholm (HedgeNordic) – One of the first distinctions up for grabs in the early stages of a Nordic hedge fund’s lifecycle is the “Rookie...

Best Start in a Decade for Nordic Hedge Funds

Stockholm (HedgeNordic) – Following its strongest annual performance since 2009, the Nordic hedge fund industry carried its momentum into 2025, recording its best start...

Tidan Capital Boosts Quant Team with Ex-Lynx PM

Stockholm (HedgeNordic) – As Tidan Capital continues its evolution into a multi-strategy hedge fund platform, the Stockholm-based boutique has appointed Anders Holst as Senior...

Veritas Rethinks Emerging Market Exposure: Shift to “Ex-China” Allocations

Emerging market investing has never been a one-size-fits-all approach, and China’s sheer size and role has only added to the complexity. As the world’s second-largest...

Nominations for the 2024 Nordic Hedge Award

Stockholm (HedgeNordic) – HedgeNordic is delighted to announce the nominees for the 2024 Nordic Hedge Award. The annual event aims to distinguish outstanding hedge...

Shipping Equities Rebound in Early 2025

Stockholm (HedgeNordic) – After a difficult second half of 2024, weighed down by geopolitical tensions, weak Chinese demand, and energy sector volatility, shipping equities...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -