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.

Sports pages...

Friday, 29 March 2019, 9:15 am

Ping! An email arrives with what hedgies dub the "sports pages".

These "sports pages" are also known as HSBC's Hedge Weekly, which is a performance review of European hedge funds.

Last year, charming Crispin Odey - a leading City Brexiteer who runs Odey Asset Management - topped the leaderboard but this year it seems to be populated by a bunch of funds nobody has ever heard of, such as Muirfield GSE Partners, Golden China Fund and Tonga Partners...

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RARE ALERT: Gatwick Gusher said to be working on another multi-million pound equity fundraising - sources

Tuesday, 26 March 2019, 7:24 pm

Another year, another UKOG placing.

People claiming to be familiar with the matter UK Oil & Gas is said to be tapping up investors for fresh capital, again.

The Aim-listed company, which is developing the so-called Gatwick Gusher, is looking to raise between £3 million and £5 million at around 1p a share, said people claiming to be familiar with the matter.

The people added that brokers at WH Ireland are working on the deal for UK Oil & Gas...

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REVEALED: Drapers owner in advanced talks to buy Money Marketing publisher for up to £5 million - sources

Monday, 25 March 2019, 10:53 am

The owner of Drapers magazine is in talks to buy Centaur Media's financial division for up to £5 million.

Sources familiar with the matter said Metropolis International is closing in on the acquisition of titles such as Money Marketing and Mortgage Strategy after entering "advanced negotiations" with Centaur Media about the deal...

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RARE ALERT: Motif Bio said to have kicked off $3 million equity fundraising - sources

Monday, 25 March 2019, 6:38 am

Motif Bio, a clinic stage biopharmaceutical company, is tapping investors for up to $3 million.

People claiming to be familiar with the situation said Motif Bio is looking to raise the fresh capital at a 25pc discount to last Friday's opening price.

The proceeds from the equtiy fundraising will be used as working capital, said people claiming to be familiar with the matter...

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Tags: Motif Bio

Mike Ashley said to be in the frame to buy...everything - Part 6

Friday, 22 March 2019, 10:04 am

Is it Mike Ashley day, today?

The maverick entrepreneur appears to making on-the-record comments everywhere this morning about everything from Arcadia to Debenhams.

To be fair, it was Deidre Hipwell who dug out some great quotes from Ashley (probably yesterday) about Sir Philip Green's Arcadia that made a superlative splash in The Times business section. Below is the link:..

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Argo Blockchain poised to start trading - sources - Part 4

Thursday, 21 March 2019, 9:31 pm

This time last year Argo Blockchain, London's first ever cryptocurrency stock, was preparing to list on the London Stock Exchange to raise £25 million.

The company, which hoped to mine for crypto currencies in China, rode the bitcoin mania wave by listing at 16p with the backing of some serious cornerstone investors and snotty PR advisers from Tancredi...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...

Tuesday, 19 March 2019, 5:01 pm

Private equity firms are said to be circling Inmarsat, the London-listed satellite company.

People claiming to be familiar with the matter said Apax and Warburg Pincus are rumoured to be working on a plan to take Inmarsat private.

However, it's not clear whether the private equity firms have submitted a formal offer to Inmarsat's board - although one person claiming to be familiar with the matter suggested there is speculation an approach may be imminent...

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Tags: Inmarsat

RARE ALERT: TomCo Energy said to be working on £500,000 equity fundraising - sources

Tuesday, 19 March 2019, 2:45 pm

TomCo Energy, a London-listed shale exploration company, is said to be working on an equity fundraising.

People claiming to be familiar with the matter said TomCo is looking to raise around £500,000, possibly via a placing with equity investors.

It's thought the new stock could be priced at between 2.0p and 2.5p, said people claiming to be familiar with the matter...

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Tags: Tomco

How News Corp, Fitch and Moody's can save themselves £1 billion...

Thursday, 14 March 2019, 11:39 am

I was intrigued to read in yesterday's venerable Financial Times that the likes of News Corp, Fitch, Moody's and S&P Global are queing up to pay £1 billion of the owner of Mergermarket, one of Betaville's first employers. Below is a link to the FT piece:

https://www.ft.com/content/5a79d412-444d-11e9-a965-23d669740bfb..

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Grump...

Friday, 8 March 2019, 7:06 pm

Betaville is in a bad mood.

Readers might be wondering why. Well, after stumbling across a fun little scoopette over a sumptuous lunch this week Betaville got cracking with the proper journalistic protocol of calling the relevant parties this morning to provide the customary "opportunity to comment"...

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Brexit...who cares, say French Canadians

Thursday, 7 March 2019, 6:52 pm

Betaville has encountered plenty of bankers recently moaning about the lack dealmaking activity in the UK because of the "uncertainty" caused by the looming March 29 Brexit day.

But there was one deal where Brexit didn't even register as a risk factor: Saputo's £1 billion takeover of British cheesemaker Dairy Crest.

Why?..

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Top City banker emerges as The Independent Group fundraiser, Guido Fawkes reports

Wednesday, 6 March 2019, 11:13 am

Hat tip to political blog Guido Fawkes for landing the story about Russell Chambers emerging as a key funder to The Independent Group, the new centrist political party foreshadowed on Betaville. Below is a link to the piece on Guido Fawkes:

https://order-order.com/2019/03/05/tony-blairs-favourite-banker-fundraising-tig/..

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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].