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] Makino Milling (6135) - MBK as White Knight Appears To Have Made a Binding Bid

Nidec Launches on Makino Milling (6135) - Others Presumably Wait In the Wings

Nidec Says It Won't Raise Price on Makino (6135)

Quiddity Advisors

Event-Driven

<ul>
<li>When Makino Milling tried to block Nidec's bid but Nidec ran into approvals risk, and MBK stepped in as an alternate bidder. </li>
<li>The fact that Nidec seemed to run into China approval problems but MBK did not perhaps should have been something of a warning. Delays in Japan approvals definitely were. </li>
<li>Now the Japanese government has asked MBK to withdraw citing national security concerns according to the <a href="https://asia.nikkei.com/business/companies/japan-moves-to-block-mbk-s-makino-machine-tool-takeover-on-security-grounds" target="_blank" rel="noopener">Nikkei</a>.  First post-New-FEFTA deal block. </li>
</ul>


When Makino Milling tried to block Nidec's bid but Nidec ran into approvals risk, and MBK stepped in as an alternate bidder. 
The fact that Nidec seemed to run into China approval problems but MBK did not perhaps should have been something of a warning. Delays in Japan approvals definitely were. 
Now the Japanese government has asked MBK to withdraw citing national security concerns according to the Nikkei.  First post-New-FEFTA deal block. 


[Japan M&A] Japan Govt Quashes MBK Bid for Makino Milling (6135) - Foreign Buys of Sensitives Toast?

Makino Milling Machine Co

[Japan M&A] Japan Govt Quashes MBK Bid for Makino Milling (6135) - Foreign Buys of Sensitives Toast?