Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

Murakami Fund's Tender for JAG (3751):  May Be Rangebound Near-Term

Japan Asia Group (3751): Murakami Wins the Mother Of All Bumps +100%

Overbid: JAG Special Committee Plays Stupid so Murakami Plays Hardball

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<a href="https://www.smartkarma.com/entities/japan-asia-group-ltd" target="_blank" data-smartkarma-citation="entities:12428:1" rel="noopener">Japan Asia (3751 JP)</a> announced today after market close that the management will be launching a Tender Offer for all the shares of the company with the backing of The Carlyle Group. 
The company engages in green community businesses in Japan. They mainly specialize in providing geospatial information solutions, urban planning technologies, and disaster risk reduction solutions to be used in social infrastructure development by public and private clients. Furthermore, they also operate multiple solar photovoltaic (PV) power stations which has become the main contributor to operating income in recent years. 
The Offer Price will be ¥600/share in cash translating to a market cap of ¥16.5bn (~US$158mn) and an enterprise value of ¥86.2bn (~US$830mn). 
The Tender Offer will commence on 6th November 2020 and is expected to close on 21st December 2020. The Transaction is subject to a minimum acceptance condition which requires the Acquirer to reach two-thirds control. 
This may look expensive but it is not. This is a very good deal for the buyers. 
More below the fold.

Japan Asia (3751 JP) announced today after market close that the management will be launching a Tender Offer for all the shares of the company with the backing of The Carlyle Group. 
The company engages in green community businesses in Japan. They mainly specialize in providing geospatial information solutions, urban planning technologies, and disaster risk reduction solutions to be used in social infrastructure development by public and private clients. Furthermore, they also operate multiple solar photovoltaic (PV) power stations which has become the main contributor to operating income in recent years. 
The Offer Price will be ¥600/share in cash translating to a market cap of ¥16.5bn (~US$158mn) and an enterprise value of ¥86.2bn (~US$830mn). 
The Tender Offer will commence on 6th November 2020 and is expected to close on 21st December 2020. The Transaction is subject to a minimum acceptance condition which requires the Acquirer to reach two-thirds control. 
This may look expensive but it is not. This is a very good deal for the buyers. 
More below the fold. 

Japan Asia (3751 JP) Management Buyout: Should There Be a BUMP?