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] Senko Group's TOB For Maruwn Passes 50.1% so Extended to 5 March

[Japan M&A] Senko Group (9069 JP) Bids for Maruwn (9067 JP) In Deal Which May Trigger Fireworks

Quiddity Advisors

Event-Driven

<ul>
<li>The deal was announced in November 2025 and there was a question about whether some large holders would tender. One is unknown still, the other started selling the next day.</li>
<li>This deal is probably being done on the light side given peer transactions, but it is a smallcap and the part owner is staying in the capital structure. </li>
<li>This almost certainly gets done at terms. Crossholders get this past the minimum threshold.</li>
</ul>


The deal was announced in November 2025 and there was a question about whether some large holders would tender. One is unknown still, the other started selling the next day.
This deal is probably being done on the light side given peer transactions, but it is a smallcap and the part owner is staying in the capital structure. 
This almost certainly gets done at terms. Crossholders get this past the minimum threshold.


[Japan M&A] Senko Group (9069 JP) Launches Maruwn (9067 JP) TOB After Lack of Fireworks

Maruwn Corp

[Japan M&A] Senko Group (9069 JP) Launches Maruwn (9067 JP) TOB After Lack of Fireworks