TNTLOG TL 1L USD, TNTLOG 7 03/01/2021

CEVA Group PLC

Credit, Industrial/Transportation


Please note, this idea was updated on 1/18/2017 and can be read here: Long - TNTLOG TL 1L USD, TNTLOG 7 03/01/2021.
Public companies mentioned herein: Kuehne + Nagle (KNIN VX).

Highlights

CEVA Logistics is a contract logistics and freight management provider. LBO’d by Apollo in 2007, the company ultimately restructured in 2013, resulting in a debt for equity exchange. The presenter is long CEVA’s term loan and 7% notes, which have the potential to generate a 25% IRR. Catalysts include the potential for the company to amend and extend its 4% notes due 2018, perhaps as soon as within the next 6 months. Thereafter, once the company has had a few solid quarters under its belt, the presenter believes an IPO or sale of the company could take place within 12-24 months. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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