Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 11th July,<a href="https://www.smartkarma.com/entities/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a>, a automotive software firm, entered into a Scheme Implementation Deed with PE-outfit TPG.</li>
<li>TPG offered A$1.72/share, a 30% premium to last close. The Offer had the unanimous backing of Infomedia's boards. All in, terms looked clean.</li>
<li>
The Scheme Booklet is now out, with a Scheme Meeting on the 18th November, and expected implementation on the 3rd December. The IE (Grant Thornton) says "fair &amp; reasonable".</li>
</ul>


Back on the 11th July,Infomedia Ltd (IFM AU), a automotive software firm, entered into a Scheme Implementation Deed with PE-outfit TPG.
TPG offered A$1.72/share, a 30% premium to last close. The Offer had the unanimous backing of Infomedia's boards. All in, terms looked clean.

The Scheme Booklet is now out, with a Scheme Meeting on the 18th November, and expected implementation on the 3rd December. The IE (Grant Thornton) says "fair &amp; reasonable".


Infomedia (IFM AU): 18th November Vote On TPG's Offer

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>The <a href="https://www.smartkarma.com/entities/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a> IE considers TPG’s A$1.70 offer fair and reasonable, as it falls within its A$1.57 to A$1.79 valuation range.</li>
<li>The scheme is conditional on FIRB approval, German FDI approval, and shareholder approval. Shareholders should be supportive, as the offer is reasonable and Infomedia's history of non-binding bids.</li>
<li>The scheme vote is low-risk. At the last close and for a 3 December payment, the gross/annualised spread is 1.2%/7.4%.  </li>
</ul>


The Infomedia Ltd (IFM AU) IE considers TPG’s A$1.70 offer fair and reasonable, as it falls within its A$1.57 to A$1.79 valuation range.
The scheme is conditional on FIRB approval, German FDI approval, and shareholder approval. Shareholders should be supportive, as the offer is reasonable and Infomedia's history of non-binding bids.
The scheme vote is low-risk. At the last close and for a 3 December payment, the gross/annualised spread is 1.2%/7.4%.  


Infomedia (IFM AU): Scheme Vote on 18 November

<ul>
<li>
<a href="https://www.smartkarma.com/entities/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a>, a automotive software firm, has entered into a Scheme Implementation Deed with PE-outfit TPG.</li>
<li>TPG is offering A$1.72/share, a 30% premium to last close. The transaction requires FIRB signing off. The Offer has the unanimous backing of Infomedia's boards.</li>
<li>As discussed in <a href="https://skr.ma/FFn5Z" target="_blank" rel="noopener">Infomedia (IFM AU): Now A Three-Way Hunt</a><a href="https://skr.ma/FFn5Z," target="_blank" rel="noopener">,</a> Infomedia fielded various indicative Offers (including TA Associates/Viburnum, Battery Ventures, and Solera) in 2022, none of which went the distance.</li>
</ul>



Infomedia Ltd (IFM AU), a automotive software firm, has entered into a Scheme Implementation Deed with PE-outfit TPG.
TPG is offering A$1.72/share, a 30% premium to last close. The transaction requires FIRB signing off. The Offer has the unanimous backing of Infomedia's boards.
As discussed in Infomedia (IFM AU): Now A Three-Way Hunt, Infomedia fielded various indicative Offers (including TA Associates/Viburnum, Battery Ventures, and Solera) in 2022, none of which went the distance.


<ul>
<li>
<a href="https://www.smartkarma.com/entities/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a> entered a scheme implementation deed with <a href="https://www.smartkarma.com/entities/tpg-inc" target="_blank" data-smartkarma-citation="entities:35361:1" rel="noopener">TPG Inc (TPG US)</a> at A$1.72, a 30.3% premium to the undisturbed price of A$1.32 (5 August).</li>
<li>The scheme is conditional on FIRB and shareholder approval. Shareholders should be supportive, given a reasonable offer and Infomedia's history of non-binding bids. </li>
<li>At the last close and for an end-of-November payment, the gross/annualised spread is 2.4%/7.5%.</li>
</ul>



Infomedia Ltd (IFM AU) entered a scheme implementation deed with TPG Inc (TPG US) at A$1.72, a 30.3% premium to the undisturbed price of A$1.32 (5 August).
The scheme is conditional on FIRB and shareholder approval. Shareholders should be supportive, given a reasonable offer and Infomedia's history of non-binding bids. 
At the last close and for an end-of-November payment, the gross/annualised spread is 2.4%/7.5%.


Infomedia (IFM AU): TPG’s Binding Proposal at A$1.72

<ul>
<li>For November 2025, eight new transactions (firm and non-binding) were discussed on Smartkarma (by the Quiddity team) with an overall announced deal size of ~US$10bn.</li>
<li>The average premium for the new transactions announced (or first discussed) in November was ~31%, with a year-to-date average of ~48%.</li>
<li>The average premiums for transactions in 2024 (129 transactions), 2023 (117), 2022 (106), 2021 (165), 2020 (158), and 2019 (145 ) were 43%, 39%, 41%, 33%, 31%, and 31%.</li>
</ul>


For November 2025, eight new transactions (firm and non-binding) were discussed on Smartkarma (by the Quiddity team) with an overall announced deal size of ~US$10bn.
The average premium for the new transactions announced (or first discussed) in November was ~31%, with a year-to-date average of ~48%.
The average premiums for transactions in 2024 (129 transactions), 2023 (117), 2022 (106), 2021 (165), 2020 (158), and 2019 (145 ) were 43%, 39%, 41%, 33%, 31%, and 31%.


(Mostly) Asia M&A, Nov 2025 Wrap: Qube, Forum Engineering, National Storage REIT, Star Micronics

Australia

Infomedia Limited develops and supplies electronic parts catalogues for the automotive industry. The Company's catalogues are used by various car dealers worldwide allowing them to find replacement parts required by a customer or service mechanic.  The Company also provides dealer management systems for the automotive industry.

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Infomedia Ltd (IFM AU)

Infomedia (IFM AU): 18th November Vote On TPG's Offer

Clean deal. Trading tight at 0.9%/7.2% gross/annualised spread. If smallish, somewaht illiquid arbs are your bent - and you can take advantage of...

David Blennerhassett

Infomedia (IFM AU): Scheme Vote on 18 November

The scheme vote is low-risk, and this is a done deal. At the last close and for a 3 December payment, the gross/annualised spread is 1.2%/7.4%.

Arun George

Infomedia (IFM AU): TPG's Clean Deal

Clean deal. Trading tight at 2.4%/7.2% gross/annualis.spread, if early Dec completion. Will Viburnum reload? If small, illiquid arbs are your...

David Blennerhassett

Infomedia (IFM AU): TPG’s Binding Proposal at A$1.72

Shareholders should be supportive, given a reasonable offer and Infomedia's history of non-binding bids. At the last close and for an end-of...

Arun George

(Mostly) Asia M&A, Nov 2025 Wrap: Qube, Forum Engineering, National Storage REIT, Star Micronics

For the month of November, 8 new deals were discussed on Smartkarma with an overall deal size of ~US$10bn. The average premium for the new deals...

David Blennerhassett

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