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.

Young's pays £162 million the City Pub Group

Thursday, 16 November 2023, 7:25 am

Another deal has been announced this morning - Young & Co, also known as Young's, has agreed to buy London-listed rival the City Pub Group for £162 million with cash and shares.

This offer from Young's been pitched at a premium of 46pc. Below is a link to the details of the takeover deal of the City Pub Group, which is run by Clive Watson, father of Made in Chelsea (a UK-based reality TV programme) "star" Lucy Watson:..


Jollyes owner said to be working with bankers on potential multi-million pound sale - sources

Wednesday, 15 November 2023, 8:13 pm

One of Britain's largest pet food retailers could be about to change hands.

City sources said the the private equity owners of Jollyes are working with advisers from Houlihan Lokey on strategic options for Jollyes, which sells cat, dog and bird food across the United Kingdom from retail centres.

Jollyes, which was founded in 1935, is owned by buy-out house Kester Capital...


Deals, Deals, Deals ... in a bear market - Part 61

Tuesday, 14 November 2023, 7:20 am

Glencore has just shown going "hostile" in takeover negotiations is one way to get what you want.

The FTSE 100-listed mining group has just announced a deal to buy 77pc of Teck Resources steelmaking coal division for $6.93 billion.

Canada's Tech Resources and Glencore, now led by Gary Nagle, came to the agreement after months of talks that saw the latter make an unsolicited offer in May for the whole of the former. Below is a link to this morning's announcement:..


Bears circle Arbor Realty Trust, Inc again... - Part 2

Thursday, 9 November 2023, 5:21 pm

Little old Betaville has done some digging around and it sounds like the bearishness around Arbor Realty Trust might be coming from some of the more ferocious bears.

However, the talk in the market is that perhaps these bears don't want to come out of the woods quite yet, so it might be a few weeks before they start mauling the US-listed real estate lender.



Bears circle Arbor Realty Trust, Inc again...

Wednesday, 8 November 2023, 6:52 pm

Short sellers have been targeting Arbor Realty Trust for a while.

But now little old Betaville hears that there are some new bears circling the US-listed real estate investment trust that specialises in providing bridge financing for commercial property purchases.

And word is some of the bearish types eyeing Arbor may be of the more activist ilk.

Quite, though, what the angle is here for these bears remains to be seen.....


PrettyLittleThing founder said to be weigh multi-billion pound takeover bid for TopShop, reports The Times

Wednesday, 8 November 2023, 6:30 pm

Hat tip to Isabella Fish, the new (ish) retail editor at The Times.

Tucked away in her piece about Shein, the Chinese retail giant, registering an interest in purchasing TopShop from Asos was an almost more interesting line about Umar Kamani putting together a rival bid by forming consortium with Middle Eastern investors to buy the fahsion brand. Below is a link to Isabella's story:..


Butcher's said to be working with Houlihan Lokey on potential sale - sources

Wednesday, 8 November 2023, 8:44 am

Dealmaking hasn't been easy this year in the UK market but if there is one area that continues to defy the slowdown it's pet care.

And the latest company at the centre of takeover talk is Butcher's, a privately-owned posh dog food maker based in Northamptonshire in the British midlands.

City sources said Butcher's is said to be working with advisers from Houlihan Lokey on "strategic options", which as most readers know is banker parlance for a potential sale...


Tags: Butcher's

UK Commercial REIT Limited in £1 billion all share merger talks with Picton Property Income

Wednesday, 8 November 2023, 7:49 am

It begins.

There has been plenty of talk about consolidation among some of the London-listed Real Estate Investment Trusts over the last six months but so far not much action.

This morning, though, UK Commercial REIT Limited has been forced to confirm it is in all share merger talks with Picton Property Income Limited following "speculation". Below is a link to this morning's announcement:..


Betaville Intelligence

RARE ALERT: ASOS said to ... - Part 24

Monday, 6 November 2023, 10:32 pm

After reducing his shareholding in Asos last month, the London-listed fashion retailer, Mike Ashley has now upped it again.

In late October, Frasers Group - which the billionaire retailer Ashley controls - reduced its stake in Asos from 23pc to 18.9pc. Below is the link to the announcement:..


Tags: ASOS

Brummer on BT Group

Friday, 3 November 2023, 11:38 am

Veteran City columnist Alex Brummer has this morning dedicated most of his column in the Daily Mail to the BT Group bid rumour that been circulating the London market for the last four years (at least)...


[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].