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

[Japan M&A] EQT Bump Response from Kakaku.com Gives Hope for More From Bain

[Japan M&A] Bain/LY Has All Kakaku Approvals, Bumps Bid to Stay In The Game. Now We Await Talks

[Japan M&A] EQT Bumps Kakaku Bid to ¥3,680 - Through Bain's Bid - Means Bain Bid Likely Soon

Quiddity Advisors

Event-Driven

<ul>
<li>Yesterday, Kakaku agreed to dissolve its Capital Alliance with KDDI. That was expected. KDDI agreed to sell everything. I expect it is accounting-driven. </li>
<li>Today, EQT's ¥3,680 TOB was set to expire so they raised it to ¥3,681 and extended 10 days. Interestingly, their Bidder Announcement document changed content significantly. </li>
<li>The reference to negotiating with Oasis is gone. Instead, a diatribe against Bain for not being serious about things, bringing a non-feasible bid. There is vaguely threatening language.</li>
</ul>


Yesterday, Kakaku agreed to dissolve its Capital Alliance with KDDI. That was expected. KDDI agreed to sell everything. I expect it is accounting-driven. 
Today, EQT's ¥3,680 TOB was set to expire so they raised it to ¥3,681 and extended 10 days. Interestingly, their Bidder Announcement document changed content significantly. 
The reference to negotiating with Oasis is gone. Instead, a diatribe against Bain for not being serious about things, bringing a non-feasible bid. There is vaguely threatening language.


[Japan M&A] EQT Raises by ¥1 (+0.272%) To Still Below Maket, But EQT Language Could Speed Things Up

Kakaku.com Inc

[Japan M&A] EQT Raises by ¥1 (+0.272%) To Still Below Maket, But EQT Language Could Speed Things Up