1) Activision Blizzard is the dominant player in the video gaming industry, and Heptagon has been invested in the company since February of this year. One of the most striking things about the group is that it has more than 500 million monthly users playing games via its platform. If you compare that to the number of people on Twitter, Netflix and Spotify, you have more people using Activision than the three other groups combined. In the video gaming industry "content is king," and Activision benefits from the leading console franchise, "Call of Duty", and the leading mobile franchise, "Candy Crush". The company has a solid pipeline of games, and it just launched its first brand new game in 17 years called "Overwatch" which should help spur even more demand. In fact, over 9 million people have already signed up to the trial of it.
2) Booker Group is the U.K.'s leading food and grocery wholesale business. The company has a top management team and the group has a solid strategy in place with focus on consistently cutting costs, improving customer service and delivering organic growth through product innovation. Booker recently reported solid results and it is winning market share in the sector. Furthermore, the company is generating lots of cash and is actively returning money to shareholders.
3) SCA is one of the top-three global players in consumer hygiene, and its products range from baby diapers to feminine care to incontinence lines. The group is benefitting from long-term structural tailwinds, with a combination of urbanization and demographics helping to drive demand for its products. Relatively new management is improving the business via product innovation and cost control. One of the additional gems for SCA is that it owns 2.6 million hectares of forest land, equivalent to the size of Belgium, making it the largest private forest owner in Europe. This could be key to unlocking additional value over time. Currently, timber from SCA's own forest accounts for 50 percent of the group's own wood consumption, making it one of the most efficient players in this space.