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] Nikkei Reports Itochu to Buy Out Dentsu Soken (4812) Minorities, Co Suggests ¥2,880

[Japan M&A] Itochu Deal Details for Dentsu Soken (4812); ¥2,880 Is Better than Rival Bid, But...

Quiddity Advisors

Event-Driven

<ul>
<li>After the close today, the Nikkei reported (<a href="https://www.nikkei.com/article/DGXZQOUC088IW0Y6A400C2000000/" target="_blank" rel="noopener">Japanese</a>, <a href="https://asia.nikkei.com/business/business-deals/japan-s-dentsu-to-take-subsidiary-private" target="_blank" rel="noopener">English</a>) that <a href="https://www.smartkarma.com/entities/dentsu-inc" target="_blank" data-smartkarma-citation="entities:12434:1" rel="noopener">Dentsu Inc (4324 JP)</a> had finalised plans to take its system integrator subsidiary <a href="https://www.smartkarma.com/entities/info-services-intl-dentsu" target="_blank" data-smartkarma-citation="entities:20535:1" rel="noopener">Info Services Intl Dentsu (4812 JP)</a>.</li>
<li>Articles are still updating but the idea is Dentsu will keep its 61.8% stake. Fujitsu and Unnamed Trading Houses will buy the rest for "around ¥200bn" implying +13.1% to ¥2,675/share.</li>
<li>Dentsu responded with a TDNet filing. It's less smokey than many other releases are. BUT... we take a look anyway at the parameters.</li>
</ul>


After the close today, the Nikkei reported (Japanese, English) that Dentsu Inc (4324 JP) had finalised plans to take its system integrator subsidiary Info Services Intl Dentsu (4812 JP).
Articles are still updating but the idea is Dentsu will keep its 61.8% stake. Fujitsu and Unnamed Trading Houses will buy the rest for "around ¥200bn" implying +13.1% to ¥2,675/share.
Dentsu responded with a TDNet filing. It's less smokey than many other releases are. BUT... we take a look anyway at the parameters.


[Japan M&A] Nikkei Reports Dentsu To Lead Buyout of System Integrator Sub Dentsu Soken (4812)