Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 26 years of covering Asia Pacific equities, the past 20 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

A Partial Tender Offer of Gabia by Macquarie

Align Partners Proposes A Merger Between JB Financial and BNK Financial

A Review of Tender Offers in Korea in 2025

Quiddity Advisors

Event-Driven

<ul>
<li>On the 20th July, Macquarie Asset Management launched a voluntary public Tender Offer to acquire full control of <strong><a href="https://www.smartkarma.com/entities/gabia-inc" target="_blank" data-smartkarma-citation="entities:13535:1" rel="noopener">Gabia (079940 KS)</a>, </strong>and take it private.</li>
<li>Macquarie is offering ₩48,000/share, a 41.6% premium to undisturbed. Macquarie is targeting 9.8mn shares (73.1% of shares out) with a minimum of 3.3mn (24.3%). Management holding 24.37% are supportive.</li>
<li>Activist fund Align Partners holds ~14.29%. Miri Capital holds 24.2%. Neither are largely supportive, implying Macquarie requires ~71% of disinterested shareholders to tender to meet the minimum threshold condition. </li>
</ul>


On the 20th July, Macquarie Asset Management launched a voluntary public Tender Offer to acquire full control of Gabia (079940 KS), and take it private.
Macquarie is offering ₩48,000/share, a 41.6% premium to undisturbed. Macquarie is targeting 9.8mn shares (73.1% of shares out) with a minimum of 3.3mn (24.3%). Management holding 24.37% are supportive.
Activist fund Align Partners holds ~14.29%. Miri Capital holds 24.2%. Neither are largely supportive, implying Macquarie requires ~71% of disinterested shareholders to tender to meet the minimum threshold condition. 


Gabia (079940 KS): Macquarie's Partial Offer Faces Material Shareholder Pushback

Gabia Inc

Gabia (079940 KS): Macquarie's Partial Offer Faces Material Shareholder Pushback