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

Merger Arb Mondays (11 Aug) - Mayne, PointsBet, Infomedia, Ashimori, Toyo Const, HKBN, Joy City

Infomedia (IFM AU): Scheme Vote on 18 November

Infomedia Draws in Vista Equity Partners to Start a Three-Way Auction

Infomedia Receives a Competing A$1.75 Offer from Battery Ventures

Merger Arb Mondays (20 Jun) - Link Admin, Infomedia, ResApp, Ramsay Health, Frasers Hospitality

ACCC’s Concerns Likely to End in a Link-DND Deal Bust

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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/infomedia-ltd" target="_blank" data-smartkarma-citation="entities:11385:1" rel="noopener">Infomedia Ltd (IFM AU)</a> entered a scheme implementation deed with <a href="https://www.smartkarma.com/entities/tpg-inc" target="_blank" data-smartkarma-citation="entities:35361:1" rel="noopener">TPG Inc (TPG US)</a> at A$1.72, a 30.3% premium to the undisturbed price of A$1.32 (5 August).</li>
<li>The scheme is conditional on FIRB and shareholder approval. Shareholders should be supportive, given a reasonable offer and Infomedia's history of non-binding bids. </li>
<li>At the last close and for an end-of-November payment, the gross/annualised spread is 2.4%/7.5%.</li>
</ul>



Infomedia Ltd (IFM AU) entered a scheme implementation deed with TPG Inc (TPG US) at A$1.72, a 30.3% premium to the undisturbed price of A$1.32 (5 August).
The scheme is conditional on FIRB and shareholder approval. Shareholders should be supportive, given a reasonable offer and Infomedia's history of non-binding bids. 
At the last close and for an end-of-November payment, the gross/annualised spread is 2.4%/7.5%.


Infomedia (IFM AU): TPG’s Binding Proposal at A$1.72