Bluebell Capital Partners

Founded in 2019, Bluebell Capital Partners (“Bluebell”), are a London based activist manager setup by Partners and Co-CIO’s Giuseppe Bivona and Marco Taricco. For further background, Bluebell is a European activist manager who manages an Irish regulated fund. The fund invests in a concentrated number of stocks (average of 12 holdings in the long book) with an investment horizon of 18 months which results in low correlation to the broader markets. In 2023 Bluebell initiated 6 new campaigns and exited 9. Recent positions that are publicly disclosed include BP, TIM (former Telecom Italia), Worldline, and BlackRock. Shareholder activism remains a significantly less crowded strategy in Europe than in the US, offering significant opportunities to capture inefficiencies. Bluebell have been behind many activist campaigns including Vestas, Danone, Tiffany, Richemont, RWE, GSK, and Glencore. Bluebell also offers co-investments to investors under advisory agreements / fund vehicles and have operational capability to run SMAs. Bluebell manage a concentrated portfolio, typically 10-15 positions, of listed companies predominantly in Europe. The team invests in large cap companies running high quality businesses in attractive sectors at a significant discount to intrinsic value. Bluebell seeks to be a catalyst for change to unlock shareholder value. They employ a private equity approach to public markets. Through the identification of company specific, actionable items the goal is to open a constructive dialogue with a target company’s board and management. Bluebell drives outcomes by an active engagement, gathering support from fellow shareholders and relevant stakeholders.