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.

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...

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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...

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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...

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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...

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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...

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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...

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Is the tide turning for Odey the Brexiteer? - part 30

Wednesday, 27 December 2017, 1:53 pm

Poor old Crispin. Now, hacks and hackettes at The Times are sticking the boot in with a piece about profits and performance fees have "plunged" at Odey Asset Management following a torrid few years of terrible performance. I have pasted the link to Deidre Hipwell piece in today's business section below:..

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Betaville Intelligence

RARE ALERT: WPP said to ...

Thursday, 21 December 2017, 10:22 pm

WPP held a board meeting last week amid speculation the marketing services giant may be looking at its "strategic options".

According to high-level industry sources, WPP's board members met last week in New York. However, it's not clear why the FTSE 100-listed company's senior exectuives held the board meeting in the US or what the meeting was about, said these industry sources...

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Is the tide turning for Odey the Brexiteer? - part 28

Monday, 18 December 2017, 9:43 pm

Crispin Odey is falling in with the hedgies at Polygon by calling for a higher offer from 21st Century Fox or its new owner - the Walt Disney Company. Ben Martin, a former colleague from my time at The Daily Telegraph and now a reporter at Reuters, managed to get the old buffer to talk about it on the record today. I have pasted Ben's piece below in case you missed it...

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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].