Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Smart Share Global (EM US): Hillhouse Crashes The Party. And Rightfully So

Quiddity Advisors

Event-Driven

<ul>
<li>After seven months had elapsed since receiving a preliminary non-binding proposal, <a href="https://www.smartkarma.com/entities/smart-share-global-limited" target="_blank" data-smartkarma-citation="entities:32217:1" rel="noopener"><strong>Smart Share Global (EM US</strong>)</a> announced on the 1st August a firm Offer (an MBO) had been entered into.</li>
<li>The Offeror consortium, led by Mars Guangyuan Cai, Chairman and CEO, is offering US$1.25/ADS, a 74.8% premium to last close; but ~20% below net cash + short-term investments.</li>
<li>Hillhouse upped the ante with a US$1.77/ADS NBIO. The share price hasn't closed below US$1.25/share since; but the reason may not just hinge on Hillhouse firming its Offer.</li>
</ul>


After seven months had elapsed since receiving a preliminary non-binding proposal, Smart Share Global (EM US) announced on the 1st August a firm Offer (an MBO) had been entered into.
The Offeror consortium, led by Mars Guangyuan Cai, Chairman and CEO, is offering US$1.25/ADS, a 74.8% premium to last close; but ~20% below net cash + short-term investments.
Hillhouse upped the ante with a US$1.77/ADS NBIO. The share price hasn't closed below US$1.25/share since; but the reason may not just hinge on Hillhouse firming its Offer.


Smart Share (EM US): On Stonewalling Hillhouse's Offer