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 Intelligence

RARE ALERT: Millicom International Cellular said to ... - Part 3

Tuesday, 15 January 2019, 7:04 pm

Most British hacks, even business journalists, will be fixated on the politics of Brexit this evening but for those market watchers wanting a bit of light relief do read on.

So, there were plenty of media organisations claiming to have "smoked out" Millicom International Cellular's merger talks with cable cowboy John Malone today and yesterday...

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Bubblin Bank of Jamaica...

Monday, 14 January 2019, 11:19 pm

Central bankers tend to come across as a straight-laced, staid bunch who speak in boring riddles so as not to freak out markets too much.

So, hat tip to the Bank of Jamaica, the central bank for the Caribbean island, for its latest short (music) video clip on "inflation targeting" that is a lot more fun and upbeat than the standard trite remarks (especially if they are from the Bank of England)...

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Betaville Intelligence

RARE ALERT: Altitude Group said to be in talks to purchase AI Mastermind

Thursday, 10 January 2019, 4:25 pm

Betaville got in touch with a few City of London bigwigs this week to see whether there was much afoot. Lo and behold it turns out the dreaded end of March Brexit deadline has put a bit of a dampener on top end dealmaking in the Square Mile, at least. Sad face.

There are, though, a few bits and pieces happening down at the lower end of the market...

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Is the tide turning for Odey the Brexiteer? - the end

Thursday, 3 January 2019, 9:08 am

Yes! - seems to be the definitive answer to the question posited in the headline of this near 40 part series of stories.

In part, that's because Crispin's flagship Odey European fund finished the year top of the HSBC rankings with a gain of over 50pc.

Also, the charasmatic hedgie's "bear" thesis appears to now be playing out in world markets although not quite yet in its entirety of predicted doom...

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2018 - a year of private equity tyre kicking...

Monday, 31 December 2018, 5:30 pm

On the cusp of the New Year Betaville thought looking backwards might be useful excercise to figure out what 2019 holds, especially for those bankers, lawyers and investors looking to get involved in dealmaking next year.

One thing that struck Betaville was the amount of attempted leveraged buy-outs of public companies, in particular UK-listed businesses, that failed to make it over the finishing line...

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Quelle Surprise: Gatwick Airport sold...- Part 2

Friday, 28 December 2018, 3:50 pm

I see the follow up coverage of yesterday's Gatwick airport sale announcement to France's Vinci has already triggered fevered speculation about what Global Infrastructrure Partners plans to do next.

Indeed, a throwaway paragraph at the end of a piece in The Times speculates about the possibility of GIP selling Edinburgh airport next year. Below is the link:..

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Quelle Surprise: Gatwick Airport sold...

Thursday, 27 December 2018, 1:37 pm

Apologies for the lack of posts in the last few days. Betaville has been enjoying a few days of merrymaking and eating chocolate.

Anyway, on arriving back at my desk this morning I was presented with the news that Global Infrastructure Partners (GIP) and friends have sold some of their shareholdings in Gatwick airport to French firm Vinci for an estimated £2.9 billion...

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Former LSE CEO set to be named as CQS boss...

Friday, 21 December 2018, 12:11 am

It never ceases to amaze little old Betaville how one stumbles across jackanories about bigwigs in the City.

The latest whisper is that CQS, the $17 billion hedge fund run by Tory donor Sir Michael Hintze, is today expected to make a major "corporate announcement".

One can only presume that it's connected to the past reports that Xavier Rolet, former boss of the London Stock Exchange, has been approached about running the mega fund...

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Tags: CQS, LSE

UK dealmaking in the doldrums because of Brexit - perhaps not...

Wednesday, 19 December 2018, 1:19 pm

Typical!

Betaville was just in the process of liasing with one of the institutional data providers for the deals numbers for this quarter to prove my own theory that the volume of announced public transactions had fallen off cliff for this period compared to previous years when: boom - Pfizer and GlaxoSmithKline announce a £10billion merger of their respective consumer healthcare businesses. Below is a link to the news:..

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Will the Perma-Bear be on the money this time?

Wednesday, 19 December 2018, 1:04 am

Albert Edwards, the so-called City "Perma-Bear" and strategist at Societe Generale, tends to get in the neck for his predictions of doom over the last decade, especially as equities have been on a non-stop bull run since 2009.

And the cassandra was at it again when I wrote a piece about the state of the stockmarket for The Sunday Times business section late last year. He warned:..

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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].