In its ongoing search for growth companies in emerging markets, Wasatch International Growth (Trades, Portfolio) found 13 companies in which to buy new stakes in the second quarter.
Wasatch’s most noteworthy second-quarter purchase was its acquisition of a 326,269-share stake in Linamar Corporation (TSX:LNR, Financial), a Canadian automotive parts maker, for an average price of C$80.77 (almost $61.10 in U.S. currency) per share. The transaction had a 1.51% impact on Wasatch’s portfolio.
Linamar has a market cap of $4.6 billion and an enterprise value of $5.02 billion. It has a P/E of 12.0, a Price/Book of 2.4 and a Price/Sales of 1.0.
Wasatch acquired a 133,065-share stake in Tecan Group AG (XSWX:TECN, Financial), a Swiss provider of lab instruments and solutions in biopharmaceuticals, forensics and clinical diagnostics, for an average price of CHF124.37 (approximately $127.92 in American dollars) per share. The purchase had a 1.13% impact on Wasatch’s portfolio.
Tecan Group has a market cap of $1.59 billion and an enterprise value of $1.47 billion. It has a P/E of 39.0, a Price/Book of 4.0 and a Price/Sales of 3.7. Invesco European Growth Fund (Trades, Portfolio) has shares of Tecan Group in its portfolio.
Wasatch bought 778,000 shares of DIP Corporation (TSE:2379, Financial), a Japanese online media company, for an average price of ¥1866.68 (roughly $15.50 in U.S. money) per share. The deal had a 1.05% impact on Wasatch’s portfolio.
DIP has a market cap of $112.23 billion and an enterprise value of $107.88 billion. It has a P/E of 33.5, a Price/Book of 16.1 and a Price/Sales of 5.3.
Wasatch acquired a 71,071-share stake in u-Blox Holding AG (XSWX:UBXN, Financial), a Swiss computer hardware and software company, for an average price of CHF189.1 (about $194.50 in American currency) per share. The transaction had a 1.02% impact on Wasatch’s portfolio.
U-Blox has a market cap of $1.34 billion and an enterprise value of $1.3 billion. It has a P/E of 40.3, a Price/Book of 6.1 and a Price/Sales of 4.5.
Earlier this month u-Blox reported a 33.1% increase in sales in the first half of the year compared to the same period in 2014.
Wasatch invested in 767,100 shares of Moncler S.p.A. (MIL:MONC, Financial), a Milan, Italy-based apparel company, for an average price of €16.71 (about $18.84 in U.S. dollars) per share. The purchase had a 1.01% impact on Wasatch’s portfolio.
Moncler has a market cap of $3.98 billion and an enterprise value of $4.11 billion. It has a P/E of 27.0, a Price/Book of 9.6 and a Price/Sales of 5.2.
Wasatch bought 258,237 shares of Ipsen SA (XPAR:IPN), a Paris-based pharmaceutical company, for an average price of €48.67 (roughly $54.87 in American money) per share. The transaction had a 1.01% impact on Wasatch’s portfolio.
Ipsen has a market cap of $5.11 billion and an enterprise value of $4.95 billion. It has a P/E of 32.9, a Price/Book of 4.5 and a Price/Sales of 3.6. Vanguard Health Care Fund (Trades, Portfolio) has shares of Ipsen in its portfolio.
Wasatch’s other new stakes are Distribuidora Internacional De Alimentacion SA (XMCE:DIA), Lee's Pharmaceutical Holdings Ltd. (HKSE:00950), Value Partners (Trades, Portfolio) Group Ltd. (HKSE:00806), Frutarom Industries Ltd. (XTAE:FRUT), Iriso Electronics Co. Ltd. (TSE:6908), Stella-Jones Inc. (TSX:SJ) and TWi Pharmaceuticals Inc. (ROCO:4180).
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