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

FleetPartners (FPR AU): A Three-Way to Potentially Four-Way Tussle

FleetPartners (FPR AU): Approaching the Endgame with Materially Higher Revised Offers

FleetPartners (FPR AU): SG Fleet’s NBIO at A$3.60 Is Light

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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/fleetpartners-group-ltd" target="_blank" data-smartkarma-citation="entities:339:1" rel="noopener">FleetPartners Group (FPR AU)</a> has received a non-binding indicative proposal from <a href="https://www.smartkarma.com/entities/element-fleet-management-corp" target="_blank" data-smartkarma-citation="entities:24511:1" rel="noopener">Element Fleet Management (EFN CN)</a> at A$3.80 per share, representing a 5.6% premium to <a href="https://www.smartkarma.com/entities/sg-fleet-group-ltd" target="_blank" data-smartkarma-citation="entities:13984:1" rel="noopener">Sg Fleet (SGF AU)</a>'s offer.</li>
<li>Element has also offered an enhanced offer of A$4.00 if the Board grants it a three-week period of hard exclusivity by 11 August. </li>
<li>Element’s offer remains light. While the Board has rejected its offer, SG Fleet is likely to return with a revised offer supported by significant cost synergies.  </li>
</ul>



FleetPartners Group (FPR AU) has received a non-binding indicative proposal from Element Fleet Management (EFN CN) at A$3.80 per share, representing a 5.6% premium to Sg Fleet (SGF AU)'s offer.
Element has also offered an enhanced offer of A$4.00 if the Board grants it a three-week period of hard exclusivity by 11 August. 
Element’s offer remains light. While the Board has rejected its offer, SG Fleet is likely to return with a revised offer supported by significant cost synergies.  


FleetPartners (FPR AU): A Simmering Bidding War as Element Fleet Lobs an Offer