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.

The American corporate raider and the FTSE 100 target...

Wednesday, 17 October 2018, 10:57 pm

So, Alison Brittain can rest easy. Why?

Well, apparently Nelson Peltz's firm was seriously considering targeting Whitbread for the corporate raider's new London-listed fund (https://www.trianinvestors1.com) but City souces said Trian recently decided against such a move.

And it's not just because Brittain has struck a deal to sell Costa Coffee to Coca Cola for £3.9 billion...

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That £10 billion Gatwick sale... - Part 2

Monday, 15 October 2018, 8:48 pm

I have to apologise to hacks at Bloomberg - it would appear Betaville didn't realise the news agency published its Gatwick scoop on Friday night.

Indeed, according to the timestamp on the Bloomie piece the news agency's article came out at 18:56 on October 12 but the Irish Independent's piece quoting Bloomberg and its reporters came out on October 14th, so not quite sure what's happened there.....

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Betaville Intelligence

RARE ALERT: Acadia Healthcare said to ... - Part 2

Monday, 15 October 2018, 7:44 pm

The mystery buyer circling Acadia Healthcare, the US listed rehab treatment group, is said to be American private equity giant KKR.

Sources claiming to be familiar with the matter said KKR may have already approached Acadia Healthcare about a takeover deal.

These sources claiming to be familiar with the matter said KKR is being advised by Goldman Sachs and could be willing to pay up to $48 a share...

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Betaville Intelligence

RARE ALERT: Equiniti said to ... - Part 2

Thursday, 11 October 2018, 2:57 pm

The mystery buyer circling Equiniti, the London-listed share registrar, is said to be a private equity firm.

According to sources claiming to be familiar with the matter, the private equity firm interested in buying Equiniti is said to be GTCR, a Chicago-based buy-out outfit.

These sources claimed GTCR could be willing to pay between 315p and 325p a share for Equiniti...

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Tags: Equiniti

The Vannin Capital IPO... - Part 2

Wednesday, 10 October 2018, 9:04 am

One moment it was on, the next it was delayed and then it was back on track after cutting the price.

But today the circus that is the Vannin Capital float comes to an abrupt end after the company said it has pulled its float because the "volatility experienced in the equity market in the last two weeks has led to conditions that are not conducive to an IPO"...

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Betaville Intelligence

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

Monday, 8 October 2018, 6:58 pm

The Kleinmanator of Sky News landed a good tale yesterday about Schroders and Lloyds Banking Group looking at tie up of their wealth management units. And this morning the scoop was confirmed. Below is a link to the confirmation:

https://www.investegate.co.uk/schroders-plc--sdr-/rns/response-to-media-speculation/201810080700052425D/..

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Chinese said to be in talks with Wirecard about purchasing a 25pc stake; could make a move on the whole company - part 5

Wednesday, 3 October 2018, 10:01 am

If you have been following the fortunes of Wirecard over the last couple of years then this piece (see the link below) by the venerable Financial Timesis worth a read.

Wirecard, a digital payment processing company, was recently promoted to the Germany's blue chip index Dax after seeing its shares surge over the last couple of years and its market cap grow to EURO 23 billion.

But the chaps at the FT have had a bee in their bonnet about Wirecard since 2016.....

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The Vannin Capital IPO...

Monday, 1 October 2018, 11:05 am

So, it would appear litigation funder Vannin Capital is moving ahead with its flotation on the London Stock Exchange despite a set back with a case against Costa Rica.

Betaville understands Vannin's brokers at Jefferies and Barclays sent out Vannin's pathfinder prospectus today with a view to listing the company by mid-October with a valuation of between £600 million and £700 million...

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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].