[Japan M&A] Son of Chairman/55%Owner Taking Imagica (6879) Private at 10x FCF, 4+x EBITDA. CHEAP.
MBOs are of the zeitgeist. Unfortunately, under-priced MBOs where the Board give away the company to the founder family are also of the zeitgeist....
696 Views
Imagica (6879 JP): MBO Tender Offer at JPY795
The offer is reasonable compared to historical trading ranges and is above the midpoint of the IFA DCF valuation range. The high irrevocables pave...
334 Views
Tryt (9164 JP): Carlyle’s JPY880 Tender Offer Is a Done Deal
Kudos to EQT as an auction process resulted in a higher-than-expected offer. An attractive offer and EQT's irrevocable ensure a done deal.
412 Views
Merger Arb Mondays (09 June) - Mayne, Tam Jai, OneConnect, Toyota Industries, Makino, Fuji Corp
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
511 Views
Merger Arb Mondays (02 June) - Seven & I, SBI Sumishin, Shibaura, Mayne, ENN Energy, HKBN, Zeekr
We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
429 Views