Tender offer for Kleemann by management

An announcement was published today by Kleemann Hellas, the Greek elevator manufacturer that was discussed here previously in July 2013 and again in December 2014. The announcement is a tender offer by MCA Orbital Global Holdings (MCA). MCA is an entity that was established by the Koukountzos family, which is the controlling shareholder of Kleemann, […]

Francisco Industries & Manati Industries

I found a couple of very strange companies on the pink sheets and I’ll use this post to collect some of my thoughts on them. The companies in question are Francisco Industries (OTCMKTS:FRAZ) and Manati Industries (OTCMKTS:MNII). They are both US corporations that had operations in Cuba and that had their property seized by Cuba […]

Oceania Capital Partners

Oceania Capital Partners: an Australian investment company trading at a large discount to book value. The company is controlled by a HCI, a South African holding company. John Copelyn, HCI’s CEO, is set to take control of OCP himself through a family investment trust.

Kobex Capital substantial issuer bid

Just a short post about a special situation that might be attractive. The Canadian company Kobex Capital has announced a substantial issuer bid for 85% of its outstanding shares. Kobex is a cash box with no remaining operations. Management was not making progress in buying another business or making solid investments. The result was that […]