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/Activism] - Activism Wins as MBO Bidder Pays 42.4% More for Pacific Industrial (7250 JP)

[Japan M&A/Activism] - Effissimo Keeps Buying Pacific Industrial (7250) Above New Terms

[Japan M&A] Pacific Industrial (7250) MBO Officially Being Done Dirt Cheap

[Japan M&A] Nikkei Reports Pacific Industrial (7250) To Go Private Via MBO at ¥110bn

Quiddity Advisors

Event-Driven

<ul>
<li>Activist-Ish-Y investor Effissimo reported Friday they had a 6.68% stake as of the end of August. </li>
<li>Their average price is ¥2,253 which is 10% through the price the family Bidco was bidding (¥2,050). </li>
<li>As this hasn't traded below terms at any point since announcement, an extension was likely. This morning, <a href="https://www.pacific-ind.co.jp/eng/news/file/20250905155323.pdf" target="_blank" rel="noopener">we got one</a>. We'll get another one before it's done, BUT...</li>
</ul>


Activist-Ish-Y investor Effissimo reported Friday they had a 6.68% stake as of the end of August. 
Their average price is ¥2,253 which is 10% through the price the family Bidco was bidding (¥2,050). 
As this hasn't traded below terms at any point since announcement, an extension was likely. This morning, we got one. We'll get another one before it's done, BUT...


[Japan M&A] Pacific Industrial (7250) The MBO Is Extended After Effissimo Buys Above Terms