IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/diamond-dining-co-ltd" target="_blank" data-smartkarma-citation="entities:1439:1" rel="noopener">Diamond Dining (3073 JP)</a> has recommended a Polaris Capital-sponsored MBO at JPY1,700, a 17.8% premium to the last close price.</li>
<li>The offer is light and is 16% below the midpoint of the IFA DCF valuation range. The process was lacking as there was no auction. </li>
<li>DD has no recent history of activism. Therefore, the likelihood of a bump is low unless there is vocal opposition or an activist becomes a substantial shareholder. </li>
</ul>



Diamond Dining (3073 JP) has recommended a Polaris Capital-sponsored MBO at JPY1,700, a 17.8% premium to the last close price.
The offer is light and is 16% below the midpoint of the IFA DCF valuation range. The process was lacking as there was no auction. 
DD has no recent history of activism. Therefore, the likelihood of a bump is low unless there is vocal opposition or an activist becomes a substantial shareholder. 


DD Group (3073 JP): Polaris Capital-Sponsored MBO Is Light