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 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.

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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Brexit, a City grandee and a deal...

Friday, 14 December 2018, 6:29 pm

Here is an idea. Why doesn't a British uber-dealmaker-City-grandee type step up and volunteer his/her services to negotiate a Brexit deal?

Betaville has had plenty dealmakers whinging about how badly the British government is doing with its talks with the EU over Brexit and that it's having a huge impact on UK M&A.

Indeed, Betaville knows of at least one large deal that's just been torpedoed because of the "Brexit uncertainty"...

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"One day you're the cock of the walk...

Thursday, 13 December 2018, 7:06 pm

...the next you're the feather duster".

That's the motto of Piers Morgan, former editor of The Daily Mirror. At times, Betaville's career in financial journalism has felt a bit like that. I went from being the star mergers & acquistions reporter on The Daily Telegraph's City desk at the tender age of 27 to now jobbing freelancer and bedroom blogger at the age of 39...

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Former business editor turned PR man writes something interesting about activists...

Wednesday, 12 December 2018, 10:40 pm

Most hacks on national newspapers are bombarded by public relations-driven research on daily basis. Today, for example, I count around 20 of these type of emails in my inbox. And I'm just a jobbing freelancer and editor of a one man band website. Just imagine how many a staff journalist receives on a national newspaper...

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Betaville Intelligence

RARE ALERT: Chelsea FC said to ... - Part 2

Saturday, 8 December 2018, 2:45 pm

Just 48 hours after Betaville's RARE alert on Chelsea FC/Stella EOC it is revealed by former colleagues at The Daily Telegraph that the proprietor of the club is to be targeted by British intelligence as part of a sustained campaign to 
disrupt Vladimir Putin, the Russian president. Below is a link to Con Coughlin's piece:..

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Betaville Intelligence

RARE ALERT: Chelsea FC said to ...

Thursday, 6 December 2018, 9:21 pm

Football club M&A tends to operate in parallel universe to standard City dealmaking. Well, at least that's what Betaville has experienced over the last decade of covering mergers and acquistions for the business sections of some of Britain's top newspapers.

So, readers should note the above before continuing to read this tale. And to be clear this snippet is very much RARE (see the definition below) of the RAREST kind...

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The Deal does its own deal...

Thursday, 6 December 2018, 9:27 am

Another one of Betaville's former employers - Euromoney Institutional Investor - is in the limelight this morning.

Yes, a long, long time ago Betaville started off as a cub reporter/graduate trainee on Air Finance Journal, one of Euromoney's leading publications, on terrible wages (around 12k a year pre-tax).

But I appreciated the start and it clearly led on to bigger things, so thanks Euromoney...

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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].