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

Blackstone Deal for I'rom (2372 JP) May Be In Trouble, But I Doubt It

Quiddity Advisors

Event-Driven

<ul>
<li>Today SMO and CRO operator <a href="https://www.smartkarma.com/entities/i-rom-group-co-ltd" target="_blank" data-smartkarma-citation="entities:2686:1" rel="noopener">I'Rom Group (2372 JP)</a> announced an MBO where Blackstone would be the sponsor.</li>
<li>From outward appearances, it would seem to be an estate management exercise. It's not particularly rich as a bid, but it isn't awful. </li>
<li>I expect this gets done as Mori-san and family and friends appear to have 58% going in. Expected to start in June.</li>
</ul>


Today SMO and CRO operator I'Rom Group (2372 JP) announced an MBO where Blackstone would be the sponsor.
From outward appearances, it would seem to be an estate management exercise. It's not particularly rich as a bid, but it isn't awful. 
I expect this gets done as Mori-san and family and friends appear to have 58% going in. Expected to start in June.


Blackstone to Take I'rom (2372 JP) Private in MBO at ¥2800/Share (49% Premium)