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

Bapcor (BAP AU): Potential Suitors Kicking Tyres

Bapcor Placement: Capital Raising for an Essential Service Provider

Quiddity Advisors

Event-Driven

<ul>
<li>Back in February 2022, automotive aftermarket parts provider <strong><a href="https://www.smartkarma.com/entities/bapcor-ltd" target="_blank" data-smartkarma-citation="entities:8433:1" rel="noopener">Bapcor Ltd (BAP AU)</a></strong> was  reportedly subject to multiple buyout proposals. BGH Capital, Quadrant, and Pacific Equity Partners were touted.</li>
<li>That all came to nought. Shares drifted sideways. Then down. Shares touched a four year low late last month.</li>
<li>After the incoming CEO<a href="https://announcements.asx.com.au/asxpdf/20240430/pdf/0630hql9xlj18j.pdf" target="_blank" rel="noopener"> had a change of heart</a>, and weaker <a href="https://announcements.asx.com.au/asxpdf/20240502/pdf/0634w18ywk8fdp.pdf" target="_blank" rel="noopener">FY24E guidance</a>, Bain has now tabled a cheeky A$5.40/share indicative Offer. That won't fly; but value is evidently emerging. </li>
</ul>


Back in February 2022, automotive aftermarket parts provider Bapcor Ltd (BAP AU) was  reportedly subject to multiple buyout proposals. BGH Capital, Quadrant, and Pacific Equity Partners were touted.
That all came to nought. Shares drifted sideways. Then down. Shares touched a four year low late last month.
After the incoming CEO had a change of heart, and weaker FY24E guidance, Bain has now tabled a cheeky A$5.40/share indicative Offer. That won't fly; but value is evidently emerging. 


Bapcor Ltd

Bapcor (BAP AU): Bain Kicks Some Tyres