Velan Inc. (VLN.)
Pitch Summary: Velan Inc. (TSX:VLN) is a global industrial valve manufacturer entering a catalyst-rich period following two transformational transactions. The company is selling its French business to Framatome for $200m and using proceeds to eliminate $150m of asbestos liabilities, unlocking $67m of net cash and removing a decades-Bull overhang. The asbestos settlements had cost ~$10m […]
Surgery Partners, Inc. (SGRY)
Pitch Summary: The pitch argues Surgery Partners (SGRY) is a likely near-term takeout target by Bain Capital, which already owns 39% and submitted a non-binding $25.75 bid in January 2025. The company is the last pure-play public ambulatory surgery center (ASC) platform, with secular tailwinds as ASCs deliver ~40% lower cost of care than hospitals. […]
