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>To my knowledge, this may be the first Tender Offer takeout proposal on a "new ticker." <a href="https://www.smartkarma.com/entities/rezil-inc" target="_blank" data-smartkarma-citation="entities:45661:1" rel="noopener">Rezil (176A JP)</a> was listed just 16mos ago. </li>
<li>This takeout is done on a highish-growth stock at 11.7x 1yr forward EV/EBITDA. It's not expensive, but they have ~60%. BUT... there's another Potential Player who may have Big Thoughts.</li>
<li>Slightly long-dated, small-cap, likely to be illiquid. Watch how it trades early for hints.</li>
</ul>


To my knowledge, this may be the first Tender Offer takeout proposal on a "new ticker." Rezil (176A JP) was listed just 16mos ago. 
This takeout is done on a highish-growth stock at 11.7x 1yr forward EV/EBITDA. It's not expensive, but they have ~60%. BUT... there's another Potential Player who may have Big Thoughts.
Slightly long-dated, small-cap, likely to be illiquid. Watch how it trades early for hints.


[Japan M&A] Founder, KEPCO, Try ¥2,750 Bain-Led MBO on Rezil (176A). Light Given Growth - Bumpity?