A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip or want to discuss a story please feel free to email Betaville at ben@betaville.co.uk.

Sir Christopher Hohn sells down LSE stake after reportedly predicting £15 billion takeover bid for the exchange

Monday, 24 September 2018, 5:27 pm

Betaville notes that Sir Christopher Hohn's The Children's Investment Fund has just slotted the majority of its 5pc stake in the London Stock Exchange.

So, unless the abrasive hedge fund manager isn't interested in making money for his investors, Sir Chris can't really still believe the LSE is still a takeover target?..

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Is Comcast's adviser preparing to become a media mogul himself?

Saturday, 22 September 2018, 12:32 pm

The reason Betaville posits such a question in the headline is that yesterday it was suggested in The Times that Ian Osborne - a former adviser to former British Prime Minister David Cameron - is trying to buy Fortune magazine from publisher Meridith via his advisory firm/investment vehicle Connaught, which counts Sir Simon Robey as a director. Below is a link to yesterday's piece in The Times:..

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A Pembridge Resources snippet...

Thursday, 20 September 2018, 3:25 pm

Loyal readers might recall Betaville has been following developments around Pembridge Resources, the London listed mining company, for several months.

Well, a reliable source has got in touch to inform me that some of the company's advisers have offered to invest their own personal money in the placing to raise $40 million for the acquisition of Minto Explorations, which owns a copper, gold and silver mine in Canada.

How regularly does that happen?.....

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REVEALED: The company behind the London Vet Show is being lined up for a £300 million sale - sources

Wednesday, 19 September 2018, 5:14 pm

CloserStill Media, the company that puts on the London Vet Show, could be about to change hands for between £250 million and £300 million.

Sources familiar with the matter said Inflexion, the private equity firm that owns CloserStill Media, has appointed bankers from DC Partners to run an auction for the business.

It's thought Clarion Events, which is backed by US buy-out giant Blackstone, is likely to be one of the frontrunners for company...

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Odey for PM?

Tuesday, 18 September 2018, 8:25 pm

Apparently, charming hedgie Crispin Odey, a vocal Brexiteer, is preparing to go into politics!

Well, that's according to a report in trade rag Financial News, which the publication splashed on earlier this week. Hat tip to intrepid FN hack Tom Teodorczuk for landing what would appear quite a scoop containing ON THE RECORD quotes. Below is a link:..

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Lloyds buy-out arm in the running to buy Lambrini, Crabbie's and City of London Gin maker - sources

Tuesday, 18 September 2018, 1:10 pm

The dreaded "Brexit uncertainty" seems to be dominating every aspect of media business coverage at the moment, including deals and dealmakers.

But there is one private equity firm that appears to be keen to continue in buying UK businesses no matter what: Lloyds Development Capital, the private equity wing of Lloyds Banking Group...

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That Sports Direct denial...

Thursday, 13 September 2018, 10:08 am

Most of this morning's business sections lead on story about how Mike Ashley's Sports Direct "doest not intend to make an offer" for beleguered rival Debenhams.

So, clearly Sports Direct WAS looking at making an offer for Debenhams as former colleague Ben Marlow reported last month in The Sunday Telegraph. Below is the link:..

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Bank holiday review: blue is the colour, football is the game... - Part 2

Wednesday, 5 September 2018, 12:21 pm

So, there are a couple of "new" names of potential buyers of Chelsea Football Club floating around the London market at the moment.

Now, to be clear this information is very much UNCOOKED (see below for definition of UNCOOKED) as Betaville has spent all summer trying to corroberate the story for a WELL-DONE alert or front page splash in the paper but has so far failed to do so...

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How modern day journalism works: the Evening Standard scoopette, the governor of the Bank of Engand and the BBC...

Monday, 3 September 2018, 10:24 pm

Any financial hack that has been around for over a decade in the UK market knows things have changed dramatically.

But the recent reporting of Mark Carney's potential extension to his term as the governor of the Bank of England demonstrates how ridiculous the situation has become.

Let's start from the beginning: the Evening Standard's excellent diary column runs a piece about how Mark Carney had been asked to stay on for a year by the Treasury. Below is a link:..

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].