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 ECM] Kokusai Elec (6525) - ANOTHER Applied Materials Selldown

[Japan ECM] Kokusai Elec (6525) - Applied Materials $330mm Selldown

[Japan ECM] Kokusai Elec (6525) - KKR's Lock Up Expiry in 3 Weeks - $700mm Clean-Up Coming?

Quiddity Advisors

Equity Capital Markets

Kokusai Electric  / Equity Capital Markets

<ul>
<li>Today after the close, KKR announced it would be selling its remaining position in <a href="https://www.smartkarma.com/entities/kokusai-electric-corp" target="_blank" data-smartkarma-citation="entities:40152:1" rel="noopener">Kokusai Electric (6525 JP)</a> of 24.692mm shares or 10.4% of shares out in an overnight offering.</li>
<li>At the indicated discount, this is a bit under US$1.0bn. No greenshoe. No lockup. They're done. They did pretty well. AMAT may do a cleanup in the not-distant future.</li>
<li>This offering is 20% of Max Real World Float. 27+% if Capital isn't "real world float" today. Index demand is far-dated. Attractive discount for short-term.</li>
</ul>


Today after the close, KKR announced it would be selling its remaining position in Kokusai Electric (6525 JP) of 24.692mm shares or 10.4% of shares out in an overnight offering.
At the indicated discount, this is a bit under US$1.0bn. No greenshoe. No lockup. They're done. They did pretty well. AMAT may do a cleanup in the not-distant future.
This offering is 20% of Max Real World Float. 27+% if Capital isn't "real world float" today. Index demand is far-dated. Attractive discount for short-term.


Kokusai Electric

[Japan Offering] KKR's Kokusai Cleanup -