Merger Arb Mondays (21 Sep) - Kadoya, Leopalace21, Kakaku, Skyworth, Z Fin, OFX, Peet, Cleanaway
I summarise the latest spreads and newsflow for the merger arb situations covered across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
119 Views
Asia-Pac Weekly Wrap: Leopalace21, Cleanaway, Kadoya Sesame Mills, Gabia, Refine, FleetPartners
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
102 Views
[Japan M&A] Hikari Tsushin + Friends to Buy Leopalace21 (8848) - Light Bid, Somewhat Open Register
Hikari Tsushin bought 18% of Leopalace 4 years ago very cheaply. Fortress bought more. Now Fortress is getting out and HT has invited 2 others to...
288 Views
Leopalace21 (8848 JP): Hikari Tsushin-Led Consortium’s Offer Is A Case Study for Poor Governance
The offer is materially below the midpoint of IFA’s DCF and marred by poor governance. However, the support from the two largest holders and the...
136 Views
[Japan Buybacks] - Buybacks Announced 26-30 May 2025 And Company Buyback History
Testing out a new tool for buyback data. This time, a recap of the week's announced buybacks (¥254bn, 21 cos) in Japan, along with 10yr historical...
754 Views