[Japan M&A] CEO & Chairman Entice GS to Sponsor an MBO for Recently Lackluster Raksul (4384)
Founder+CEO launch MBO with GS where GS gets 90% of the economics, 50% of the voting rights. This is 11x NTM EBITDA for mid-20s EBIT growth, near...
1k Views
Raksul (4384 JP): GS-Sponsored MBO at JPY1,710
While the process is lacking, the offer is reasonable compared to peer multiples, analyst price targets and historical trading ranges. Barring an...
837 Views
Merger Arb Mondays (12 Jan) - Makino, Dongfeng, ENN, Hisamitsu, Pacific Ind, Mandom, Sankei
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
270 Views
TOPIX Index Upweights: The Big April Basket 2021
TOPIX does an annual exercise to adjust Liquidity Factor. The time for trades around that is upon us. This insight looks at the best trade around...
1.4k Views
Asia-Pac M&A Weekly Wrap:ANE Cayman, Tsuruha/Aeon, Jinke Smart, Sankei Real Estate, Hisamitsu Pharma
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
202 Views