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

Fuji Soft (9749) - KKR Bumps Bigly In Bain Boyg; Buyers Bully a Bagarre

Fuji Soft (9749 JP) - KKR Does Deal With the Family To Squeeze Out Minorities - You Can Join Too

Fuji Soft (9749 JP) - The Fine Print Is Worth Reading

Bain Waiting Patiently for Fuji Soft (9749) To Make Up Its Mind

Fuji Soft (9749): KKR To Launch at ¥9,451, Fuji Soft REJECTS Bain's Bid - Governance in Shambles

Quiddity Advisors

Event-Driven

<ul>
<li>~4 weeks ago, <a href="https://www.smartkarma.com/entities/fuji-soft-inc" target="_blank" data-smartkarma-citation="entities:17504:1" rel="noopener">Fuji Soft Inc (9749 JP)</a> responded to Bain's Proposal to take over the company but got KKR to bid ¥1 more, then said that covered it.</li>
<li>The Special Committee then asked the FSI Board to halt further negotiations with Bain, and to ask Bain to destroy all confidential documentation. </li>
<li>Bain rejected saying it contravened METI Guidelines on Corporate Takeovers and reappeared 2 days ago with a ¥9,600 bid. The structure/details of Bain's bid was probably a strategy mistake.</li>
</ul>


~4 weeks ago, Fuji Soft Inc (9749 JP) responded to Bain's Proposal to take over the company but got KKR to bid ¥1 more, then said that covered it.
The Special Committee then asked the FSI Board to halt further negotiations with Bain, and to ask Bain to destroy all confidential documentation. 
Bain rejected saying it contravened METI Guidelines on Corporate Takeovers and reappeared 2 days ago with a ¥9,600 bid. The structure/details of Bain's bid was probably a strategy mistake.


Fuji Soft (9749 JP) - Bain Bumps UnBigly, and FSI Responds