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

Fuji Soft (9749) - KKR Bumps Bigly In Bain Boyg; Buyers Bully a Bagarre

Fuji Soft (9749): KKR To Launch at ¥9,451, Fuji Soft REJECTS Bain's Bid - Governance in Shambles

Fuji Soft (9749 JP) - Bain Bumps UnBigly, and FSI Responds

Quiddity Advisors

Event-Driven

<ul>
<li>KKR's Second Tender Offer for <a href="https://www.smartkarma.com/entities/fuji-soft-inc" target="_blank" data-smartkarma-citation="entities:17504:1" rel="noopener">Fuji Soft Inc (9749 JP)</a> ended 19 February 2025 and KKR got a whopping 57.9% after Bain bowed out. It was close.</li>
<li>The Nozawa founder said it would not tender. Others family members may have, but now KKR has signed a deal with Nozawa family company YK NFC, to support the squeezeout.</li>
<li>Assuming, Nozawa Hiroshi's stake and the NFC stake remain unchanged, that cements the result of the 25 April AGM. But there may be games to play.</li>
</ul>


KKR's Second Tender Offer for Fuji Soft Inc (9749 JP) ended 19 February 2025 and KKR got a whopping 57.9% after Bain bowed out. It was close.
The Nozawa founder said it would not tender. Others family members may have, but now KKR has signed a deal with Nozawa family company YK NFC, to support the squeezeout.
Assuming, Nozawa Hiroshi's stake and the NFC stake remain unchanged, that cements the result of the 25 April AGM. But there may be games to play.


Fuji Soft (9749 JP) - KKR Does Deal With the Family To Squeeze Out Minorities - You Can Join Too