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+DG Up Their Kakaku.com (2371 JP) TOB Price by 15% to ¥3450; Bain Needs To Bump

[Japan M&A] Bain Overbids EQT by 2+% and 5.5+% Depending on KDDI Agreement. Market Wants More

[Japan M&A] EQT+DG Up Kakaku.com (2371 JP) Bid by 3.478261% to ¥3570; Bain Needs To Bump, Again

[Japan M&A] Likely Bain/LY Overbid for Kakaku.com - STILL Not a Done Deal

[Japan M&A] Bain/LY Show Their Cards on Kakaku.com (They're Good Cards Brent)

[Japan M&A] EQT Launches TOB on Kakaku.Com (2371) But This Isn't A Done Deal

Quiddity Advisors

Event-Driven

<ul>
<li>I wrote about Bain/LY having shown their cards on <a href="https://www.smartkarma.com/entities/kakaku-com-inc" target="_blank" data-smartkarma-citation="entities:7408:1" rel="noopener">Kakaku.com Inc (2371 JP)</a> on 2 July. Just before I published (but after it went to compliance), Kakaku responded. </li>
<li>Kakaku's response was an exercise in good governance. It was an anti-FujiSoft situation. It was very welcome. Investors should appreciate this and learn from it.</li>
<li>EQT+DG Consortium has bid ¥3,300 unofficially but that's about ¥3,415 equivalent. My bet is they will go higher. And Bain+LY will too (theirs is equivalent ¥3,640 if DG gives up).</li>
</ul>


I wrote about Bain/LY having shown their cards on Kakaku.com Inc (2371 JP) on 2 July. Just before I published (but after it went to compliance), Kakaku responded. 
Kakaku's response was an exercise in good governance. It was an anti-FujiSoft situation. It was very welcome. Investors should appreciate this and learn from it.
EQT+DG Consortium has bid ¥3,300 unofficially but that's about ¥3,415 equivalent. My bet is they will go higher. And Bain+LY will too (theirs is equivalent ¥3,640 if DG gives up).


[Japan M&A] Kakaku Governance A Shining Example; Bain+LY and EQT+DG May Fight Longer