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3 days ago | 
smartkarma.com | Travis Lundy |Arun George |Jesus Aguilar |Jesús Aguilar |David Blennerhassett
In today’s briefing:[Japan M&A] Son of Chairman/55%Owner Taking Imagica (6879) Private at 10x FCF, 4+x EBITDA. CHEAP. Goldlion Holdings (533 HK): An Unexpected HK ArbageddonNissin Corp (9066 JP): A Rumoured Bain-Sponsored MBO?
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1 week ago | 
smartkarma.com | Arun George |Jesus Aguilar |Jesús Aguilar |Richard Howe
In today’s briefing: Smartpay (SPY NZ/SMP AU): Three Is No Crowd as a Third Bid Lands at NZ$1.20 Weekly Deals Digest (04 May) – Toyota Industries, Shibaura, Dickson, HKBN, Meilan Airport, Soundwill Merger Arb Mondays (05 May) – Makino, Shibaura, 7&I, Dickson, Meilan, Soundwill, Smartpay, Pointsbet Crude Awakening: Shell’s Possible Bid to Refine BP’s Future Weekly Update (LION, STRZ, GTX, LBTYA, WDC) Smartpay (SPY NZ/SMP AU): Three Is No Crowd as a Third Bid Lands at NZ$1.20 On 2 May, Smartpay...
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2 weeks ago | 
smartkarma.com | Travis Lundy |Arun George |David Blennerhassett |Jesus Aguilar |Jesús Aguilar
In today’s briefing: Aisin (7259) – Executing the Capital Policy Side of Its MTMP – Big ¥120bn (8.8%) Buyback Soundwill Holdings (878 HK): Wide Spread Ahead of the 23 May Scheme Vote (Mostly) Asia M&A, Apr 2025 Wrap: Toyota, Abacus Storage, Bright Smart, Fujitsu General, Topcon Prime Delivery: Amazon’s Route to Outbid DoorDash for Deliveroo Woongjin Is Buying Preed Life (Largest Funeral Service Company in Korea) Using LBO Aisin (7259) – Executing the Capital Policy Side of Its MTMP – Big...
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2 weeks ago | 
smartkarma.com | Travis Lundy |Arun George |David Blennerhassett |Jesus Aguilar |Jesús Aguilar
In today’s briefing: Toyota Industries (6201) – SURPRISE! It’s a TOYODA Takeover Proposal (Good Governance May Not Win) Merger Arb Mondays (28 Apr) – Seven & I, Shibaura, Makino, Bright Smart, ENN Energy, Tam Jai Weekly Deals Digest (27 Apr) – Shibaura, Fujitsu General, Gunma/DHFG, Bright Smart, DN Solutions Ant Group Takes Out Yip’s Controlling Stake In Bright Smart (1428 HK) Sinarmas Land (SML SP): Potential Outcomes as IFA Says NOT Fair but Reasonable Deliveroo’s Special of the Day: A...
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3 weeks ago | 
smartkarma.com | Travis Lundy |Arun George |David Blennerhassett |Jesus Aguilar |Jesús Aguilar
In today’s briefing:Yageo Bigly Overbids Minebea (+20%) For Shibaura Elec (6957) At ¥5400[Japan Activism] – ValueAct Agrees to Tender to KKR Topcon (7732) Tender and Join As BuyerShibaura Electronics (6957 JP): No Messing Around as Yageo (2327 TT) Returns with a JPY5,400 OfferPEC Ltd.
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1 month ago | 
smartkarma.com | Sanghyun Park |Arun George |Douglas Kim |Jesus Aguilar |Jesús Aguilar
In today’s briefing:Key Implications of SK Inc’s Disposal of SK SiltronAbacus Storage King (ASK AU): Ki Corp/Public Storage’s NBIO at A$1.47Potential Sale of a Controlling Stake in SK Siltron to Hahn & CoIndustrivärden’s Q1 2025: NAV Evolution, Discount, Target NAV, ReplicationKey Implications of SK Inc’s Disposal of SK SiltronSK Inc is selling SK Siltron to cut its 68% debt-to-equity ratio. The sale could reduce borrowings below ₩5T and lower debt ratio to 30-40%.
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1 month ago | 
smartkarma.com | Travis Lundy |David Blennerhassett |Arun George |Jesus Aguilar |Jesús Aguilar
In today’s briefing: Trump Team’s Weird Tariff Math – Not Meant to Be Negotiated ENN Energy (2688 HK): This Is An Avoid HKBN (1310 HK): I Squared Inches Closer to a Competing Offer Makino Milling Machine (6135 JP): Nidec Launches Its Offer Dada Nexus (DADA US): JD.Com’s US$2/ADS Firm Offer NZME Limited (NZM NZ/AU): Board Pushes Back On Board Spill Selected European HoldCos and DLC: March 2025 Report, Adding Vivendi [Alert] Buy Havas Trump Team’s Weird Tariff Math – Not Meant to Be Negotiated...
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1 month ago | 
smartkarma.com | Arun George |Janaghan Jeyakumar |Jesus Aguilar |Jesús Aguilar |Victor Galliano
In today’s briefing:Sinarmas Land (SML SP): Widjaja Family’s Light Voluntary Unconditional OfferQuiddity Leaderboard ASX Jun25: De Grey Mining Intra-Review Replacement + More Regular ChangesPolicy Shift: Inocsa Makes a Premium Move on Catalana OccidenteAsia Real Estate Tracker (27-Mar-2025): Rava hires Blackstone MDs to lead Japan.
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1 month ago | 
smartkarma.com | Arun George |Osbert Tang |Brian Freitas |Jesus Aguilar |Jesús Aguilar
In today’s briefing: ENN Energy (2688 HK): ENN Natural Gas’ Preconditional Cash/Scrip Offer ENN Energy (2688 HK): Our Initial View on the Privatisation – Valuation and Fundamentals ENN Energy (2688 HK) Privatization: Details & Index Implications Xcel Energy – a bright spark to power growth A Power Move: Naturgy Sparks a Strategic Rebalance ENN Energy (2688 HK): ENN Natural Gas’ Preconditional Cash/Scrip Offer ENN Energy (2688 HK) announced a pre-conditional privatisation from ENN Natural Gas...
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2 months ago | 
smartkarma.com | Arun George |Jesus Aguilar |Jesús Aguilar
In today’s briefing:PointsBet (PBH AU): A Tussle Between MIXI (2121 JP) And Bluebet (BBT AU)Selected European HoldCos and DLC: February 2025 ReportPointsBet (PBH AU): A Tussle Between MIXI (2121 JP) And Bluebet (BBT AU)On 26 February, PointsBet Holdings (PBH AU) entered a scheme implementation deed with Mixi Inc (2121 JP) at A$1.06, a 27.7% premium to the undisturbed price of A$0.83 (25 February).
