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.

English back on top form in 2018 - part 2

Tuesday, 23 January 2018, 7:58 pm

Betaville realises that Simon English over at the Evening Standard often gets a plug on these pixels but it really is for a good reason. Indeed, English's latest column is laugh out loud funny and thoroughly insightful. Do give it a read when you have a spare moment. I have pasted the link below:..

Read more...

RARE ALERT: Petro Matad said to be working on a £22 million equity fundraising

Thursday, 18 January 2018, 8:33 pm

Petro Matad, an oil explorer with assets in Mongolia, is said to be close to announcing a £22 million equity fundraising.

According to sources claiming to be familiar with the matter, brokers at Stifel are said to be leading the equity fundriasing for Petro Matad.

Some of the equity fundraising is being done via a placing at a 30pc discount to the recent share price, said these sources familiar with matter...

Read more...

RARE ALERT: Zenith Energy said to see equity placing

Wednesday, 17 January 2018, 5:00 pm

Zenith Energy, the Canadian oil and gas consolidation vehicle, may soon see a placing.

According to sources claiming to be familiar with the matter, brokers are attempting to place between £500,000 and £1 million at around a 15pc discount to the company's current share price.

However, it's not clear what the cash from the placing will be used for...

Read more...

JP Morgan skewered in Melrose bid for GKN

Wednesday, 17 January 2018, 7:40 am

No self respecting investment banker will ever admit to having too many clients. Take, JP Morgan, for example. The powerful investment bank is a corporate broker and adviser to GKN and Melrose and was almost always cited on all their deal press releases. I have pasted Melrose's £2.2 billion acquisition of American ventilitation-to-security group Nortek below and GKN's equity fundraising of about £200 million for the acquisition of Fokker Technologies in 2015:..

Read more...

Ten years on UBM and Informa are back at it...

Tuesday, 16 January 2018, 5:25 pm

Ten years ago I broke the story about how UBM and Informa were in merger talks in The Sunday Telegraph's business section. It was a piece I was particularly proud of as it took a lot of investigative journalism to stack up. Below is the link:..

Read more...

Tags: UBM, Informa

RARE ALERT: React Group said to be carrying out equity fundraising

Friday, 12 January 2018, 5:04 pm

React Group, the Aim-listed specialist cleaning company, is plotting an equity fundraising.

According to sources claiming to be familiar with the matter, React Group is said to be talking to investors about raising fresh equity capital at 0.45p a share.

However, it's not clear how much React Group is trying to raise. Brokers at Peterhouse are said to be working on the deal, said sources claiming to be familiar with the matter...

Read more...

Betaville Intelligence

RARE ALERT: Telit Communications said to ... - part 4

Thursday, 11 January 2018, 8:01 pm

The mysterious Chinese investor that has quietly built a 14pc stake in Telit Communications has emerged as one of the largest investors in a listed Chinese corporation that has been consolidating the "internet of things" market.

Last year Run Liang Tai Management built up a substantial shareholding in Aim-listed Telit after the company's founder, Oozi Katz, became embroiled in a scandal about his true identity...

Read more...

Revealed: EAT backer in turmoil; appears to blame Brexit - sources

Wednesday, 10 January 2018, 4:02 pm

It never ceases to amaze Betaville what you can learn over lunch from an old contacts you haven't seen in a while. That's old school journalism for you, I guess. Anyway, onto the actual story:

Lyceum Capital, the private equity firm that owns the well-known sandwhich shop EAT, has stopped fundraising and seen several departures, triggering speculation about the firm's future...

Read more...

English back on top form in 2018

Wednesday, 10 January 2018, 9:58 am

Regular readers know well that there is nothing more Betaville likes to do than break an M&A scoop.

But from time to time Betaville also likes to read other columns from top journalists and curate their work on this website.

And yesterday one of Betaville's favourite City writers was back on top form for the first time this year...

Read more...

Betaville Intelligence

Revealed: MySQUAR draws takeover approach - sources

Wednesday, 3 January 2018, 1:25 pm

At least one mystery bidder is circling MySQUAR, the Burmese social media company.

According to Asian banking sources familiar with the situation, MySQUAR recently received a approach from a company interested in acquiring some or all of the business.

However, it's not clear which company is behind the recent approach or what price the offer values Aim-listed MySQUAR...

Read more...

Tags: MySQUAR, AIM

Cumming shakes up Aviva Investors on day one...

Tuesday, 2 January 2018, 6:27 pm

David Cumming isn't wasting any time.

The former Standard Life equities supremo has started his new role as chief investmne officer at Aviva Investors with a bit of a shake up. According to moles at the fund management of the insurance giant, Cumming declared after his first 58 minutes in his new job that the firm can't claim to be "global equity investor" if it is using delayed prices...

Read more...

[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].