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] ¥4,870/Sh Blackstone TOB for Technopro (6028 JP) - Watch the Parameters and Modalities

[Japan M&A] TechnoPro Holdings (6028) May Be Up For Grabs

Quiddity Advisors

Event-Driven

<ul>
<li>There was an article in mid-May saying <a href="https://www.smartkarma.com/entities/technopro-holdings-inc" target="_blank" data-smartkarma-citation="entities:6955:1" rel="noopener">Technopro Holdings (6028 JP)</a> might be privatised. It is an appropriate candidate. The stock popped 20% immediately, and has since risen another 20%. </li>
<li>Today's article follows one which came out ~2 weeks ago with non-sourced editorial content suggesting the price might be 20x EBITDA (i.e. a lot higher). </li>
<li>Today, an article says Blackstone will buy the firm for "Roughly ¥500bn" which would be 3% down from yesterday. Beware the Nikkei. Beware expectations.</li>
</ul>


There was an article in mid-May saying Technopro Holdings (6028 JP) might be privatised. It is an appropriate candidate. The stock popped 20% immediately, and has since risen another 20%. 
Today's article follows one which came out ~2 weeks ago with non-sourced editorial content suggesting the price might be 20x EBITDA (i.e. a lot higher). 
Today, an article says Blackstone will buy the firm for "Roughly ¥500bn" which would be 3% down from yesterday. Beware the Nikkei. Beware expectations.


[Japan M&A] Nikkei Says Blackstone to Buy TechnoPro Holdings (6028) For "Roughly ¥500bn"