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

7&I (3382) - Bain Gets York Holdings with a Surprising Price, And We Approach Deal Deadlines

Seven & I Restructures but Discontent Rises Among Franchisees and Customers

Seven & I Holdings (3382 JP): A Potential Derailing of the MBO

7&I (3382 JP) - Ito-San MBO Plan Includes 7-Eleven US IPO... Which LeadsTo A Modest Proposal

7&I (3382 JP) - Share Price Dipping Deeper Means Dipping Toes Deeper

7&I (3382 JP) - Dippity Doo Dah - Irrational Fears, Earnings Vol, But Restructuring Proceeding Apace

7&I (3382JP) - Spanners in the Works: FTC Blocks Another US Retail Merger and 7-11 Japan Sales Slump

Quiddity Advisors

Event-Driven

<ul>
<li>In the past month we have seen <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> earnings, confirmation of the York Holdings timeline, stories about Apollo, KKR, and CP Group providing MBO financing.</li>
<li>We've also seen Itochu confirm the financing request from the Ito family, and two American banks tapped to provide LBO financing.</li>
<li>York Holdings itself gets created this month, and a buyer decided "in spring" with a Group Buyer/Outcome possibly decided by the May AGM. Looks skewed to me.</li>
</ul>


In the past month we have seen Seven &amp; I Holdings (3382 JP) earnings, confirmation of the York Holdings timeline, stories about Apollo, KKR, and CP Group providing MBO financing.
We've also seen Itochu confirm the financing request from the Ito family, and two American banks tapped to provide LBO financing.
York Holdings itself gets created this month, and a buyer decided "in spring" with a Group Buyer/Outcome possibly decided by the May AGM. Looks skewed to me.


7&I (3382) - In Limbo, Dipping, But Stories Coming Together