FING: Sylebra involved in 7 buyout/talks?
Skrivet av Per Stolt
13 september, 2021 05:07
The Hong Kong based hedge fond ”Sylebra” has made a stab at one of Swedens midcap companies Fingerprint Cards, by initiating a short position.
As we can see Sylebra has not too many short positions current active. But back in time they had a few and 7 of the might have been involved in a buyout or talks.
Sylebras current short positions
Despite a few number of short positions we can found a surprisingly many number of times the hedge fund being involved in a buy-out, hostile bid, take over-discussions, for the full och part of a company.
Given that the record from whalewisodom.com is correct Sylebras short positions through time can be seen as:
List above: Some of the chinese hedgefund Sylebra short positions.
Source: Whalewisdom.com
1: September 2 2021 BLUE PRISM GROUP (UK)
Source: https://www.cnbc.com/2021/09/02/uks-blue-prism-becomes-latest-target-of-us-private-equity.html
2: July 7 2021 FINGERPRINT CARDS (SWEDEN)
Source: https://mfn.se/one/a/fingerprint-cards/fingerprint-cards-ab-publ-board-of-directors-initiates-strategic-review-68818192
3: Feb 8 2021 DIALOG SEMICONDUCTOR
Source: https://www.tipranks.com/news/dialog-semiconductor-in-6b-takeover-talks-by-renesas-electronics/
4: January 10 2020 JUST EAT (UK)
Source: https://www.news24.com/fin24/companies/retail/takeaway-wins-bidding-war-for-just-eat-with-8bn-offer-20200110
5: Nov 9 2020 COUNTRYWIDE PLC
Source: https://www.theguardian.com/business/2020/nov/09/countrywide-estate-agents-takeover-bid-connells-alchemy
6: February 11 2019 TECHNICOLOR (France) received a binding offer on its reaserch-innovation
Source: https://www.technicolor.com/news/technicolor-has-received-binding-offer-its-research-innovation-activity-interdigital
7: June 13 2017 MONITISE PLCE (UK)
Source: https://newsroom.fiserv.com/news-releases/news-release-details/fiserv-announces-firm-offer-acquire-monitise-plc
In 7 case out of 13 the Chinese hedge fund Sylebra carried a short position, almost exactly in proper time before a merger, part buy-out, bid or a negotiation around it, took place, according to whalewisdom.com.
The market is now waiting for Fingerprint Cards ”strategical overview” which was triggered buy some external interest for the company:
”…We are reviewing different alternatives, which could range from acquisitions, to spin-offs, sales and new listings”,”…There has been considerable interest for Fingerprints from a number of different players, which has triggered the review process”, Johan Carlström – Chairman of the board said in a pressrelease July 7 th 2021.
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Dagens Börs would like to emphasise that the chines hedge fond Sylebra has not done any illegal or are subject to any lawsuit or claim. Initiating a short position is not illegal.
The author have no position in the company.
