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

Quiddity Advisors

Event-Driven

<ul>
<li>On Friday, Bain Capital announced it would buy ChargeSpot provider <a href="https://www.smartkarma.com/entities/inforich-inc" target="_blank" data-smartkarma-citation="entities:46391:1" rel="noopener">Inforich (9338 JP)</a> in an MBO which takes the CEO out of most of his position (and margin debt).</li>
<li>The price is a strong ¥4,560/share which is a 116% premium. That is a 52-week high. It is not a 53-week high. </li>
<li>The register may be somewhat open. It's a high premium, but low multiple on high WACC. Seems light-ish but their moat may not be that high.</li>
</ul>


On Friday, Bain Capital announced it would buy ChargeSpot provider Inforich (9338 JP) in an MBO which takes the CEO out of most of his position (and margin debt).
The price is a strong ¥4,560/share which is a 116% premium. That is a 52-week high. It is not a 53-week high. 
The register may be somewhat open. It's a high premium, but low multiple on high WACC. Seems light-ish but their moat may not be that high.


[Japan M&A] Bain Capital To Buy Growthy Inforich (9338 JP) - High Premium but Low Multiple