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

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

Quiddity Advisors

Event-Driven

<ul>
<li>In early July, there was a Nikkei article suggesting <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 settled on possible partners to buy out the minority stakes in <a href="https://www.smartkarma.com/entities/dentsu-soken-inc" target="_blank" data-smartkarma-citation="entities:20535:1" rel="noopener">Dentsu Soken (4812 JP)</a>. </li>
<li>This would give it more scale, and a better future, and would rid Dentsu of a "dual listing" problem. There was a delay. Now 8 weeks later we have news.</li>
<li>
<a href="https://www.smartkarma.com/entities/itochu-corp" target="_blank" data-smartkarma-citation="entities:18448:1" rel="noopener">Itochu Corp (8001 JP)</a> has apparently decided it will buy it. The structure suits everyone. Oasis has since reported a 5% stake, but I think this gets done.</li>
</ul>


In early July, there was a Nikkei article suggesting Dentsu Inc (4324 JP) had settled on possible partners to buy out the minority stakes in Dentsu Soken (4812 JP). 
This would give it more scale, and a better future, and would rid Dentsu of a "dual listing" problem. There was a delay. Now 8 weeks later we have news.

Itochu Corp (8001 JP) has apparently decided it will buy it. The structure suits everyone. Oasis has since reported a 5% stake, but I think this gets done.


[Japan M&A] Nikkei Reports Itochu to Buy Out Dentsu Soken (4812) Minorities, Co Suggests ¥2,880