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

Sun Frontier Fudousan (8934 JP): Q3 FY03/26 flash update

Quiddity Advisors

Event-Driven

<ul>
<li>Today, <a href="https://www.smartkarma.com/entities/sun-frontier-fudousan-co-ltd" target="_blank" data-smartkarma-citation="entities:18205:1" rel="noopener">Sun Frontier Fudousan (8934 JP)</a> and <a href="https://www.smartkarma.com/entities/itochu-corp" target="_blank" data-smartkarma-citation="entities:18448:1" rel="noopener">Itochu Corp (8001 JP)</a> signed a capital alliance. As part of that, Itochu is buying up to 6.657mm shares in a partial tender.</li>
<li>It is also buying 5.5mm shares at a discount in a 3rd party placement. Advantage Partners will convert and tender some of its CB. Itochu will own 15-20+% post-deal.</li>
<li>This is Itochu getting into a new position. It's a new career being made. It is possibly a precursor to buying out the founder in a couple of years.</li>
</ul>


Today, Sun Frontier Fudousan (8934 JP) and Itochu Corp (8001 JP) signed a capital alliance. As part of that, Itochu is buying up to 6.657mm shares in a partial tender.
It is also buying 5.5mm shares at a discount in a 3rd party placement. Advantage Partners will convert and tender some of its CB. Itochu will own 15-20+% post-deal.
This is Itochu getting into a new position. It's a new career being made. It is possibly a precursor to buying out the founder in a couple of years.


[Japan Event] Itochu Partial Tender for 13+% of Sun Frontier Fudosan (8934). Tiny Premium. No Min.