Cooper Investors Global Equities Fund (Unhedged) - Cooper Investors Pty Limited on Stevanato Group
Thesis
Stevanato is an existing Reversionary investment that Cooper believes is approaching a cash-flow inflection. The pharmaceutical-glass manufacturer is nearing completion of a multiyear capacity expansion. Cooper's framework targets situations where cash flows are temporarily obscured but an observable path exists for them to be unlocked. Completion of the investment program is expected to support a shift toward positive cash flows.
“who are both on the cusp of completing multi-year capacity expansions and inflecting to positive cash flows.”
Key risks
- Execution of a multi-year capacity expansion