Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL")

BACKGROUND
I have 20+yrs experience in Asia doing alternative strategies (i.e. non-delta1 non long-only) in fixed income, equity derivatives, and activist/catalyst/event-driven and long-short equity strategies with most of that time spent managing money. 

4 years in fixed income macro, 8 years running internal hedge fund and 4yrs investment banking at Citi in Japan, 3 years running an Asia multi-strat portfolio at a hedge fund, 4+yrs as an independent special situations analyst.

Pan-Asia Catalysts/Events

7&I (3382JP) - Spanners in the Works: FTC Blocks Another US Retail Merger and 7-11 Japan Sales Slump

7&I (3382 JP) - Share Price Dipping Deeper Means Dipping Toes Deeper

7&I (3382 JP) - Dippity Doo Dah - Irrational Fears, Earnings Vol, But Restructuring Proceeding Apace

7&I (3382) - What If...  A Modest Proposal

7&I (3382 JP) - A York Holdings Deal And Warren Buffett?

7 & I (3382) - York Holdings Sale Process, Timeline, Nuances

NTT (9432 JP) And SBI Sumishin NetBank (7163 JP)? Maybe. Maybe Not. Seven Bank A Better Idea

Quiddity Advisors

Event-Driven

<ul>
<li>A Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-04/seven-i-60-billion-management-buyout-to-include-us-assets-ipo?srnd=homepage-asia" target="_blank" rel="noopener">article</a> late in the trading session today said the <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> MBO proposal by Ito family scion Ito Junro includes a US assets IPO.</li>
<li>The idea? IPO proceeds would help pay down MBO debt to Japanese banks. Seven &amp; i would retain a stake. This is not dissimilar to Berkshire Hathaway buying a stake.</li>
<li>But more directly, this leads us back to <a href="https://www.smartkarma.com/insights/7-i-3382-what-if-a-modest-proposal" target="_blank" data-smartkarma-citation="insights:166268" rel="noopener">7&amp;I (3382) - What If...  A Modest Proposal</a>. Possible strategic mistake by Ito-san here. ACT should act on this.</li>
</ul>


A Bloomberg article late in the trading session today said the Seven &amp; I Holdings (3382 JP) MBO proposal by Ito family scion Ito Junro includes a US assets IPO.
The idea? IPO proceeds would help pay down MBO debt to Japanese banks. Seven &amp; i would retain a stake. This is not dissimilar to Berkshire Hathaway buying a stake.
But more directly, this leads us back to 7&amp;I (3382) - What If...  A Modest Proposal. Possible strategic mistake by Ito-san here. ACT should act on this.


7&I (3382 JP) - Ito-San MBO Plan Includes 7-Eleven US IPO... Which LeadsTo A Modest Proposal