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.

About that WSJ "exclusive" on the Kansas City Southern takeover bid...

Friday, 31 July 2020, 10:54 pm

I see The Wall Street Journal has just "broken" an "exclusive" story about Global Insfrastructure Partners and Blackstone attempting to purchase Kansas City Southern, the US-listed railroad transportation operator. Below is the link:

https://www.wsj.com/articles/private-equity-firms-discuss-bid-for-kansas-city-southern-11596223106..

Read more...

Betaville Intelligence

UNCOOKED ALERT: AA plc said to ...

Friday, 31 July 2020, 3:32 pm

AA plc, the London-listed roadside recovery company, has come under the spotlight amid takeover talk.

People following the situation said a potential acquirer is circling AA and may have already expressed an interest in the business.

Readers should be aware that the AA is a highly leveraged company with a very small capitalisation...

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Tags: AA
Betaville Intelligence

UNCOOKED ALERT: BT Group said to... - Part 2

Tuesday, 28 July 2020, 2:43 pm

The mystery bidder circling BT Group's £20 billion Openreach division is rumoured to be working with investment banking advisers from JP Morgan on a potential approach.

Last week Betaville Intelligence revealed the FTSE 100-listed telecoms company is said to have drawn serious takeover interest in its Openreach division from a new suitor...

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Tags: BT Group

Hong Kong tycoon builds near 4pc stake in controversial Telit Communications

Monday, 27 July 2020, 6:15 pm

The curious goings on at Telit Communications continue unabated.

Betaville hadn't noticed that after Dbay suddenly turned up on the shareholder register with almost 10pc that super secretive Hong Kong-based tycoon Tang Hao had also recently been amassing a 3.4pc shareholding in the 'internet of things' provider through his vehicle Discovery Key Investments...

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The City diarist, the top London estate agent and the glass box... - Part 2

Thursday, 23 July 2020, 11:56 am

Old Trevor Abrahmsohn really is getting himself out there.

Today the self-styled "estate agent to the rick and famous" appears in this The Times piece about his escapades selling North London piles to Russian oligarchs. Below is the link:

https://www.thetimes.co.uk/article/inside-the-russian-oligarchs-london-property-splurge-r7bcw7l7z..

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Lenigas PLC

Thursday, 23 July 2020, 9:00 am

David Lenigas is back with a new venture: Lenigas PLC.

It looks like the brash serial small cap entrepreneur is launching a quasi hedge fund that plans to plough cash into resources stocks in a similar vein to the old RAB Capital. Below is a quote from Lenigas's Twitter feed...

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Stobart bidder emerges with near 10pc stake in controversial Telit Communications

Monday, 20 July 2020, 7:45 am

For a small company internet-of-things provider Telit Communications certainly gets a lot of attention.

I guess that's to be expected if your former chief executive turns out to be a fugitive on the run from the US authorities and then an unknown Chinese outfit builds a near 16pc shareholding in your business, raising speculation the company is a takeover target for the stakebuilder...

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Boohoo buyback... - Part 3

Thursday, 16 July 2020, 4:53 pm

Regular readers of this website won't be too surprised to read that the founders and directors of Boohoo have just bought a load of shares in the company they founded.

Below is the link to today's announced in which Mahmud Kamani, co-founder and executive chairman, disclosed he bought 5 million shares at 214.2p while Carol Kane, the other founder, bought 2 million shares at 214.2p...

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Tags: Boohoo

Quantum dotty...

Wednesday, 15 July 2020, 4:16 pm

There is talk circulating that Nanoco Group could be in line for hundreds of millions of dollars if it wins a patent row with Samsung.

Nanoco - which produces heavy-metal-free quantum dots - slipped out an announcement earlier this week about how it had reached an agreement with a top litigation funder to go after tech giant Samsung but didn't specify now much it estimates it could be in line for if it wins or settles it case with Samsung. Below is the link to the RNS:..

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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].