In the mid cap space I believe there are a good number of shares that have the potential to grow strongly over the next decade, potentially generating market-beating returns for shareholders.
Three which I think would be great options for long-term focused investors are listed below:
Bravura Solutions Ltd (ASX: BVS)
Bravura is a $1,1 billion provider of software solutions for the wealth management, life insurance, and funds administration industries. I think it is one of the best options in the mid cap space right now. This is due its positive long term growth outlook thanks to the quality and potential of its popular Sonata wealth management platform. In addition to this, the company has bolstered its offering over the last 12 months with the acquisitions of Midwinter and FinoComp. These businesses are expected to open the company up to new and lucrative markets.
Bubs Australia Ltd (ASX: BUB)
Bubs is a $550 million goat's milk-focused infant formula and baby food company. I think it is well-positioned for growth over the next decade thanks to its growing presence online in China and in supermarkets and pharmacies across Australia. The latter has been boosted materially in recent months with increasing shelf space in Coles Group Ltd (ASX: COL) stores for both its goat's milk and new cow's milk infant formula ranges. Another big positive is that Bubs finally appears to have reached a scale which will make its operations more and more profitable over the coming years. All in all, I think the Bubs share price has the potential to smash the market over the 2020s.
Collins Foods Ltd (ASX: CKF)
A final option to consider is $1.1 billion quick service restaurant operator Collins Foods. It is one of the largest operators in the ANZ region with 240 KFC stores in Australia, 40 KFC stores in Europe, 12 Taco Bell across Queensland and Victoria, and 75 franchised Sizzler restaurants around Asia. I believe the company's Australian and European operations still have a long runway for growth and expect their expansions to underpin solid earnings growth over the next decade.
