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. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.

Football M&A out of fashion?

Tuesday, 20 August 2019, 10:29 am

It's about that time of the year when some intrepid hack digs out a top Premier League football club takeover scoop.

Indeed, this time last year friends and colleagues on the The Sunday Times business section unveiled Roman Abramovich had appointed advisers from American boutique firm Raine to find a buyer for all or some of Chelsea Football Club. Below is the link:..

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REVEALED: PHS to be put on the block for up to £600 million - sources

Friday, 16 August 2019, 7:00 am

PHS, the washroom servces giant, is being prepared for sale by the vulture funds that own the business.

Sources familiar with the matter said advisers from Deutsche Bank have been appointed to carry out a "strategic review" and it could be worth between £500 million and £600 million.

A sale process could kick off in September, said these sources familiar with the matter...

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Betaville Intelligence

WELL-DONE ALERT: Cox & Kings said to have appointed advisers for £500 million sale of Meininger Hotels

Thursday, 15 August 2019, 9:28 am

Cox & Kings, the embattled Indian travel group, is said to have appointed bankers from Lazard to find a buyer for budget hostel chain Meininger Hotels.

People with knowledge of the situation said advisers from Lazard had reached out to several private equity firms on behalf of Cox & Kings to see whether they might be interested in purchasing Meininger Hotels from the travel business, which is listed in India...

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Betaville Intelligence

RARE ALERT: Equals Group said to plot £5 million equity fundraising for takeover deals - Part 2

Wednesday, 14 August 2019, 4:02 pm

It took a few hours but Equals Group finally confirmed yesterday's RARE ALERT about the potential multi-million pound equity fundraising.

Admittedly, Betaville might been out by a few million pounds (around £9 million to be precise) but the general thrust of the piece was on the money (no pun intended).

Anyway, below is a link to the confirmation from Equals Group:..

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Betaville Intelligence

RARE ALERT: Equals Group said to plot £5 million equity fundraising for takeover deals

Tuesday, 13 August 2019, 8:21 pm

Equals Group, the London-listed banking and payments company, is said to be preparing to tap up investors for fresh equity capital ahead of another multi-million pound takeover deal.

People claiming to be familiar with the matter said Equals Group is looking to raise around £5 million, possibly via a placing of new stock with investors.

The new stock could be placed at between 105p a share and 120p a share, said people claiming to be familiar with the matter...

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Tchenguiz boosts FirstGroup stake to over 3pc

Monday, 12 August 2019, 10:10 pm

Here is something that reminded little old Betaville of the pre financial crisis / credit boom era: Robert Tchenguiz building substantial stakes in British publicly-listed companies.

Such a phenomenon hasn't happened since the colourful businessman and property entrepreneur bought 10pc of FTSE 100-listed J Sainsbury and sizeable holdings in other publicly-listed companies, such as Mitchells & Butler...

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European mid-market in vogue with Wall Street titan

Friday, 9 August 2019, 7:19 pm

Goldman Sachs is not the Goldman Sachs Betaville first encountered when I was a cub mergers & acquistions reporter in the mid noughties.

Back then, the firm was proud to be the the top investment bank Wall Street (and to some extent the City of London) advising on the biggest multi-billion mergers and punting around the market with its billions of dollars of capital with an unashamed arrogance...

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Betaville Intelligence

RARE ALERT: Feedback plc said to be working on equity fundraising

Tuesday, 6 August 2019, 7:05 pm

Feedback plc, the Aim-listed medical imaging technology, company is said to be close to unveiling an equity fundraising.

People claiming to be familiar with the matter said Feedback is working on a placing of new stock with investors and brokers at Peterhouse are leading the deal.

However, it's not clear how much fresh capital Feedback is looking to raise...

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2+2=4 or 2+2=5?

Tuesday, 6 August 2019, 4:34 pm

Burford Capital, the litigation funder, has crashed by almost 20pc today to around £11.80 a share.

Now, there have been rumours doing the rounds that Neil Woodford has been looking to offload his shareholding via Peel Hunt but punters are today blaming another reason for the massive decline: Muddy Waters.

Yes, the famous (or infamous?) original short seller, run by Carson Block, today tweeted:..

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Sunday review on a Monday: the rainmaker, the Cobham deal and the house...

Monday, 5 August 2019, 2:47 pm

The mischevious scamp who pens the excellent Prufrock diary column in The Sunday Times gave Ravi Gupta, the top Rothschild banker running the Cobham deal, a bit of a shoeing this weekend.

Liam Kelly unveiled the expensive contents of Mr Gupta's rather large house in Hampstead, North London, and then noted he was responsible for selling off Britain's largest industrial businesses, such as Cobham, to any predator willing to pay a sum...

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Interserve rumblings...

Saturday, 3 August 2019, 10:56 am

It sounds like the banks and hedgies that ended up owning the failed Interserve are already becoming fed up with being proprietors of the government contracting giant.

According to reliable City sources, Royal Bank of Scotland et al have asked advisers at Lazard to start drawing up plans for a sale of some or all of the group, which could kick off in earnest as early as this September...

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Betaville Intelligence

RARE ALERT: Amgen said to ... - Part 3

Wednesday, 31 July 2019, 5:32 pm

There are some Twitter users, namely Trinvest3, who are completely misrepresenting Betaville's content on the social media platform.

Once again, Trinvest3 (presumably from Spain), is talking BOLLOCKS claiming I wrote certain facts in an article involving Amgen that I didn't actually write.

I just thought I would clear that up!..

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Tags: Amgen

A confirmation of sorts at BBA Aviation...

Tuesday, 30 July 2019, 8:35 pm

Sometimes confirmations come within hours of a report; sometimes they take months. Or, in the case of BBA Aviation: a year!

Today the FTSE 250-listed business anounced it is selling its Ontic division to CVC Capital Partners for almost $1.4 billion...

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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].