M&A focused

M&A focused. We ll buy shares of M&A targets and bidders in Europe and US. Targets can be either potential targets and already under bid. We ll buy the bidders when synergies are convincing. When possibile, we will go short on the names involved. The fund wants to tap the opportunity of increasing M&A activity in the high tech espcially , already underway, and banks, where we think consolidation is about to start in the eurozone. We expect higher M&A activity from cash repatriation to US following the Trump tax reform, and from the launch of the banking union in the eurozone.