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

Snow Peak (7816) - Bain Deal at ¥1,250 - 46% Premium Is Nice, Not A Home Run

Snow Peak (7816 JP): A Japanese Outdoor Success Story

Quiddity Advisors

Event-Driven

<ul>
<li>Apparently, MergerMarket had an article out Friday saying once-higher-flying outdoor/sporting goods retailer <a href="https://www.smartkarma.com/entities/snow-peak-inc" target="_blank" data-smartkarma-citation="entities:7218:1" rel="noopener">Snow Peak Inc (7816 JP)</a> was considering going private. The company <a href="https://contents.xj-storage.jp/xcontents/AS03293/7851b800/df96/4e0f/b3a4/21cea71efa05/140120240216538923.pdf" target="_blank" rel="noopener">said</a>(J) late they were considering multiple options.</li>
<li>A Nikkei <a href="https://www.nikkei.com/article/DGXZQOUC16E150W4A210C2000000/" target="_blank" rel="noopener">article</a> (J) Saturday said it was Bain would launch an MBO/Tender Offer as early as this week paying ¥50bn. </li>
<li>This will probably go limit up Monday. I'd expect an announcement post-close Monday. Long-suffering long-only investors who have already sold will be disappointed. Those who were late to sell? Happy.</li>
</ul>


Apparently, MergerMarket had an article out Friday saying once-higher-flying outdoor/sporting goods retailer Snow Peak Inc (7816 JP) was considering going private. The company said(J) late they were considering multiple options.
A Nikkei article (J) Saturday said it was Bain would launch an MBO/Tender Offer as early as this week paying ¥50bn. 
This will probably go limit up Monday. I'd expect an announcement post-close Monday. Long-suffering long-only investors who have already sold will be disappointed. Those who were late to sell? Happy.


Snow Peak (7816) - Nikkei Says Bain to Launch ¥50bn MBO