Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<p>On 29 November 2016, <a href="http://www.mbkpartnerslp.com/" target="_blank">MBK</a> launched a tender offer for <a href="https://www.smartkarma.com/entities/9996" target="_blank" data-smartkarma-citation="entities:9996:1">Accordia Golf Co Ltd (2131 JP, "AG")</a> who is the sponsor and controlling shareholder (28.9% stake) of <a href="https://www.smartkarma.com/entities/20224" target="_blank" data-smartkarma-citation="entities:20224:1">Accordia Golf Trust ("AGT" SP)</a>. </p><p>In this insight, we focus on the implications this event could have on AGT. </p><p>To read about the tender offer for AG, please see <a href="https://www.smartkarma.com/profiles/3" target="_blank" data-smartkarma-citation="accounts:3">Lee Mitchell</a>'s initiation <a href="https://www.smartkarma.com/insights/mbk-launches-tender-offer-for-accord-golf" target="_blank">piece</a> and follow-up <a href="https://www.smartkarma.com/insights/accordia-shareholder-breakdown-what-the-deal-means-for-retail" target="_blank">note</a>. </p><hr><h2>AGT and AG's relation</h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/017/035/original/outline%20ofthe%20business%20trust.png?1480469609" class="editor-image img-responsive" data-smartkarma-image-id="17035"></figure><div class="content-caption">Source: Accordia Golf <a href="http://www.accordiagolf.co.jp/file/pdf/enir_20161110134607.pdf" target="_blank">Presentation</a> (10 November 2016)</div><ul><li>AGT is a business trust listed on the SGX (<em>market cap USD</em>…</li></ul>

On 29 November 2016, MBK launched a tender offer for Accordia Golf Co Ltd (2131 JP, "AG") who is the sponsor and controlling shareholder (28.9% stake) of Accordia Golf Trust ("AGT" SP). In this insight, we focus on the implications this event could have on AGT. To read about the tender offer for AG, please see Lee Mitchell's initiation piece and follow-up note. AGT and AG's relationSource: Accordia Golf Presentation (10 November 2016)AGT is a business trust listed on the SGX (market cap USD…

Accordia Golf Trust - Offer for Sponsor; Potential Privatization on the Cards?