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

Quiddity Leaderboard ASX Dec 23: 5 ASX 200 Changes and Other Large Potential Flow Events (NCM, AKE)

Quiddity Leaderboard F100/​​​250 Dec 23: Dechra, Network International, and Other Potential Changes

InvoCare (IVC AU): TPG's Non-Binding Offer

Quiddity Advisors

Event-Driven

<ul>
<li>On the 7 March, PE outfit TPG took a 17.8% stake in <strong><a href="https://www.smartkarma.com/entities/invocare-ltd" target="_blank" data-smartkarma-citation="entities:9044:1" rel="noopener">InvoCare (IVC AU)</a></strong>, Australia's leading funeral services provider, and also pitched a <a href="https://www.smartkarma.com/compose/insight/102298/The%20Indicative%20proposal%20is%20subject%20to%20the%20completion%20of%20satisfactory%20due%20diligence,%20and%20FIRB.InvoCare,%20which%20has%20struggled%20to%20generate%20consistent%20profits%20in%20recent%20years,%20is%20mulling%20the%20proposal.%20Pricing%20is%20around%20the%20Covid%20cliff." target="_blank" rel="noopener">A$12.65/share non-binding Offer</a> via a Scheme.</li>
<li>The Indicative proposal was subject to the completion of due diligence. InvoCare rejected the proposal on the 27 March. On the 24 April, TPG <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02657206-2A1445038?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">withdrew its NBIO</a>.</li>
<li>TPG has returned with a revised A$13/share, inclusive of a A$0.60/share fully franked dividend. If the proposal becomes a binding transaction, InvoCare's Board intends to unanimously recommend it.</li>
</ul>


On the 7 March, PE outfit TPG took a 17.8% stake in InvoCare (IVC AU), Australia's leading funeral services provider, and also pitched a A$12.65/share non-binding Offer via a Scheme.
The Indicative proposal was subject to the completion of due diligence. InvoCare rejected the proposal on the 27 March. On the 24 April, TPG withdrew its NBIO.
TPG has returned with a revised A$13/share, inclusive of a A$0.60/share fully franked dividend. If the proposal becomes a binding transaction, InvoCare's Board intends to unanimously recommend it.


InvoCare (IVC AU): TPG's Revised $13/Share Non-Binding Offer

Invocare Ltd

InvoCare (IVC AU): TPG's Revised $13/Share Non-Binding Offer