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

Quiddity Advisors

Event-Driven

<ul>
<li>The parent company of <a href="https://www.smartkarma.com/entities/shl-japan-ltd" target="_blank" data-smartkarma-citation="entities:11571:1" rel="noopener">SHL Japan Ltd (4327 JP)</a>'s largest shareholder is buying out its main customer in Japan. </li>
<li>This is an LBO/MBO situation, and friends and family get it to 63% or so. A tiny sliver from others gets it over the hump. </li>
<li>Should get done easily, but the corporate governance here is not encouraging. Yes, a premium, but no explanation, and it's a bit low.</li>
</ul>


The parent company of SHL Japan Ltd (4327 JP)'s largest shareholder is buying out its main customer in Japan. 
This is an LBO/MBO situation, and friends and family get it to 63% or so. A tiny sliver from others gets it over the hump. 
Should get done easily, but the corporate governance here is not encouraging. Yes, a premium, but no explanation, and it's a bit low.


SHL Japan (4327 JP) Takeover - Illiquid, Easy, Non-Transparent, but a Done Deal