IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Mandom (4917 JP): CVC’s Minimal Bump to Buy It Time to Figure Out a Strategy to Counter KKR

Merger Arb Mondays (02 Feb) - Dongfeng, ENN, Toyota Ind, Raksul, Sankei, Mandom, IJM, Webjet, Qube

Merger Arb Mondays (09 Feb) - Mandom, MCJ, Toyota Ind, Raksul, IJM, Guocoland, Skyworth, ENN

Mandom (4917 JP): A Big Win for Activists as CVC-Sponsored MBO Price Raised to JPY2,520

Mandom (4917 JP): Countermeasures Ostensibly to Buy Time for a Higher Offer

Mandom (4917 JP): When You Thought It Was Done, KKR Emerges as a Competing Bidder

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Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mandom-corp" target="_blank" data-smartkarma-citation="entities:8353:1" rel="noopener">Mandom Corp (4917 JP)</a> has received a competing non-binding proposal from <a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co (KKR US)</a> at JPY3,100, a 23.0% premium to CVC’s JPY2,520 offer.</li>
<li>KKR intends to commence the offer by the end of January and is preconditional on the Board’s recommendation. The Board is evaluating the proposal.</li>
<li>The Board is likely to support the KKR offer as it resulted from their decision to launch countermeasures. CVC is likely to walk rather than engage in a bidding war.</li>
</ul>



Mandom Corp (4917 JP) has received a competing non-binding proposal from KKR &amp; Co (KKR US) at JPY3,100, a 23.0% premium to CVC’s JPY2,520 offer.
KKR intends to commence the offer by the end of January and is preconditional on the Board’s recommendation. The Board is evaluating the proposal.
The Board is likely to support the KKR offer as it resulted from their decision to launch countermeasures. CVC is likely to walk rather than engage in a bidding war.


Mandom (4917 JP): KKR’s JPY3,100 Offer Could Force CVC to Walk