A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. 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.
Wily Mike Ashley has just increased his stake in Asos, the London-listed online fashion retailer, for the second time in a week. Below is the link:
Now, this shouldn't be to much of a suprise to regular readers of little old Betaville.....
Yesterday Mike Ashley increased his stake in Asos, the UK-listed online fashion retailer, to just over 8pc. Below is a link to a Bloomberg story on the news:
So, it would appear little old Betaville's RARE alert from last week about Gurnet Point Capital's interest in purchasing US-listed Paratek Pharmaceuticals was spot on.
In case you don't recall, Betaville published a RARE Alert in March about the takeover rumours circulating around Paratek Pharmaceuticals. Below is the link:..
Loyal readers might have noticed little old Betaville teamed up with chums at The Sunday Times this weekend to deliver the latest twist on the Asos takeover tale. Below is the link to yesterday's piece:
It's good to see an attempted takeover of a large London-listed company get a board a recomendation amid a lacklustre merger & acquisition market (see today's business splash in The Times)...
Gurnet Point Capital is said to be one of the private equity firms that has been circling Paratek Pharmaceuticals, the US-listed biopharmaceutical company.
Earlier this year Betaville Intelligence reported that Paratek Pharmaceuticals may have attracted takeover interest from a private equity suitor.
People following the situation said Gurnet Point Capital has been studying the purchase of Paratek Pharmaceuticals...
Another day, another follow up of one of little old Betaville's UNCOOKED alerts.
This time rivals at StreetInsider have published their own takeover story about Maravai Life Sciences Holdings, the US-listed healthcare technology company.
According to StreetInsider Thomas Lee, the US private equity firm, has submitted a fresh offer of $17 a share for Maravai Life Sciences Holdings and is now conducting due diligence...
Hat tip to Olly "Shahsy" Shah for landing the first ever on the record interview in a British newspaper with Daniel Kretinsky, the energy tycoon dubbed the Czech Sphinx.
Kretinsky has been building large stakes in some of Britain's biggest companies, such as J Sainsbury and Royal Mail...
Little old Betaville notes rivals at Dealreporter have finally cottoned on to the Suse takeover story that has resurfaced in the last couple of weeks.
Yesterday, Dealreporter - one of little old Betaville's former employers - published a story reportedly claiming EQT, Suse's largest shareholder, may be considering purchasing the remainder of the company it doesn't already own...
Trying to attempt one multi-billion dollar deal is hard enough.
But trying to pull two off at the same time might be considered impossible.
Well, apparently not for Glencore, the FTSE 100-listed mining group that has been pursuing an $23 billion hostile takeover of metals and coal mining company Teck Resources...
Metro Bank Holdings PLC, the London-listed "challenger" bank, has come under the spotlight amid takeover talk.
People following the situation have heard rumours Metro has attracted takeover interest.
In late 2021 Metro - set up in 2010 as alternative to the large UK high street banks - received takeover approach from US private equity firm Carlyle.
A deal, though, failed to materialise...
Choice Hotels International in talks to buy Wyndham Hotels & Resorts, reveals the Wall Street Journal
The Wall Street Journal has just delivered another stateside takeover scoop.
Choice Hotels is in talks to buy rival Wyndham Hotels & Resorts as part of a deal to create a budget hotel giant, according to the WSJ.
Talks are said to be early stage, reports suggest. Below is a link to the WSJ tale:..
Bloomborg is to assimilate another one of Betaville's colleagues and chums.
Jamie "Nimmers" Nimmo, a top quality hack currently working as Associate Business Editor at The Sunday Times, is the latest in a long line of Betaville's former colleagues to be recruited from a newspaper by Bloomborg (also known as Bloomberg)...
Rivals at The Times have finally picked up a line about the Asos takeover story currently doing the rounds at the moment.
Dominic Walsh, a veteran business hack on The Times business section, reports today that Trendyol - a Turkish company that is majority owned by Chinese internet giant Alibaba - is weighing a takeover offer for Asos. Below is a link Dom's piece:..
It might feel like dealmaking is slowing down as the summer begins but there are still plenty of deals being done, especially for the firms that actually advise on takeovers and mergers.
Indeed, Greenhill is the latest advisory firm to sell out to a larger foreign rival, with Japanese firm Mizuho paying $15 a share (around $550 million) for the boutique investment bank. Below is a link to the press release:..
One of the companies circling Asos, the London-listed online fashion retailer, is said to be working with Morgan Stanley on a potential transaction.
Last week Asos was at the centre of speculation a company from Turkey is circling the business.
People following the situation have heard talk the international company that has been stalking Asos since late last year is being advised by bankers at Morgan Stanley on its interest in the business...
[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].