Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

<h2>The History</h2><p>In 2009, the private equity arm of <a href="https://www.smartkarma.com/entities/20668" target="_blank" data-smartkarma-citation="entities:20668:1">Mitsubishi Corp (8058 JP)</a> - called Marunouchi Capital - bought a 33.4% stake in <a href="https://www.smartkarma.com/entities/13616" target="_blank" data-smartkarma-citation="entities:13616:1">Joyful Honda Co Ltd (3191 JP)</a> - a Kanto-based home center operator - for about 20 billion yen. The company had sought the investment to grow out of its doldrums and expand prior to an IPO which was tentatively slated for 2013-2014. <em>Joyful Honda is one the larger market cap stocks (at just under 200bn yen) in the home center operator sector. </em></p><p>The above-mentioned IPO…</p>

The HistoryIn 2009, the private equity arm of Mitsubishi Corp (8058 JP) - called Marunouchi Capital - bought a 33.4% stake in Joyful Honda Co Ltd (3191 JP) - a Kanto-based home center operator - for about 20 billion yen. The company had sought the investment to grow out of its doldrums and expand prior to an IPO which was tentatively slated for 2013-2014. Joyful Honda is one the larger market cap stocks (at just under 200bn yen) in the home center operator sector. The above-mentioned IPO…

Joyful Honda: HUGE Buyback TOB - Not Meant For You, and Still Rich

Japan

Arclands Corporation operates home centers. The Company mainly sells home improvement products, household utensils, car and leisure products, gardening supplies, and other products. Arclands also operates restaurants management, DIY(Do It Yourself) products sales, real estate development, and other businesses.

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Arclands Corporation (9842 JP)

Joyful Honda: HUGE Buyback TOB - Not Meant For You, and Still Rich

The HistoryIn 2009, the private equity arm of Mitsubishi Corp (8058 JP) - called Marunouchi Capital - bought a 33.4% stake in Joyful Honda Co Ltd...

Travis Lundy

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