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 TOB for Fujitec (6406 JP) Starts 10 Weeks Early - No Overbid, No Excitement

Fujitec (6406) EGM - It WAS a Close-Run Thing, Glass Lewis Was the Big Winner, and SCANDAL?

Fujitec EGM Coming 24 Feb - It's a Close-Run Thing

Quiddity Advisors

Event-Driven

<ul>
<li>On 30 July, <a href="https://www.smartkarma.com/entities/fujitec-co-ltd" target="_blank" data-smartkarma-citation="entities:11686:1" rel="noopener">Fujitec Co Ltd (6406 JP)</a> and Swedish PE Firm EQT announced a deal to acquire the company with the Uchiyama family. Two activists signed tender agreements. </li>
<li>The deal is not expensive IF you underwrite strong profitability growth and assume the large net receivables position can be better addressed.</li>
<li>But the stock is trading tight to terms and there are 6+ months until you get your money. </li>
</ul>


On 30 July, Fujitec Co Ltd (6406 JP) and Swedish PE Firm EQT announced a deal to acquire the company with the Uchiyama family. Two activists signed tender agreements. 
The deal is not expensive IF you underwrite strong profitability growth and assume the large net receivables position can be better addressed.
But the stock is trading tight to terms and there are 6+ months until you get your money. 


[Japan M&A] Fujitec (6406) PE Bid Not Super High But May Be Tough To Beat