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 Intelligence

RARE ALERT: Gemalto said to ... part 2

Friday, 19 May 2017, 1:12 pm

Gemalto is said to have received a fresh takeover approach from a mystery buyer.

In April, a Betaville Intelligence RARE Alert reported a mystery buyer was said to be circling the digitial security company after approaching Gemalto with a non-binding takeover proposal conditional upon due diligence.

However, since then Gemalto unveiled another profit warning, sending the company's shares significantly lower...

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Tags: Gemalto

He has had a brace; now he is looking for a hat trick...

Tuesday, 16 May 2017, 8:04 pm

That's Andrew Bracey, the former chief financial officer of Ocado and ex investment banker at Barclays, UBS and Credit Suisse.

Since leaving his job as chief financial officer at Michael Page the dealmaker has set up buy-out firm Midlothian Capital Partners, which has already done a couple of major deals. They include the £217 million purchase of garden centre group Dobbies from Tescos and the £103 million acquisition of Park Leisure, the caravan park and holiday homes group...

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Betaville Intelligence

1pm said to ...

Monday, 15 May 2017, 11:33 am

Aim-listed 1pm is preparing to launch an equity capital fundraising to raise around £10 million to finance an acquisition of a rival.

Sources familiar with the matter said asset finance company 1pm has instructed stockbrokers Cenkos to lead the equity capital fundraising, which is expected to raise between £10 million and £12 million...

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The perils of AGMs

Friday, 12 May 2017, 3:43 pm

Apparently, Lloyds Banking Group bosses - including Antonio Horta-Osorio, chief executive, and chairman Baron Blackwell of Woodcote - did their usual thing at the Annual General Meeting earlier this week of putting a brave face on the bad news...

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Betaville Intelligence

Flowgroup said to ...

Wednesday, 10 May 2017, 4:06 pm

Aim-listed Flowgroup is working on a plan to launch a deeply discounted £28 equity fundraising in case talks to sell its energy division falter.

Earlier this year Flowgroup said it plans to sell Flow Energy, Flowgroup's household gas and electricity supply business, and talks with a prefered bidder are understood to have progressed to an advanced stage...

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Tags: Flowgroup
Betaville Intelligence

UK Oil and Gas Investments said to ...

Tuesday, 9 May 2017, 1:56 pm

Aim-listed UK Oil and Gas Investments is said to be in the process of carrying out a £6m equity fundraising.

Sources familiar with the matter said UK Oil and Gas Investments - also is known as the "Gatwick Gusher" following its claim it had found an oil field of "national significance" a few miles from Gatwick airport in 2015 - is working with brokers at Cenkos on a placing with a view to raising around £6 million from investors...

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Is the tide turning for Odey the Brexiteer? - part 17

Tuesday, 9 May 2017, 10:52 am

The football scores are in (also known as the HSBC Hedge weekly returns). And it would appear the Odey European Fund has crept back onto the top 20 loserboard - Crispin's flagship fund is now down 7.82pc for the year to April 21, 2017, according to HSBC.

The news comes after The Sunday Times Rich List, compiled by the excellent Robert Watts, revealed last weekend that the charming buffer had slipped down that particular league table, losing £125 million last year...

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Sunday review

Sunday, 7 May 2017, 9:18 pm

There weren't too many M&A scoops in the business sections this weekend but having worked for The Sunday Times, the Mail on Sunday and The Sunday Telegraph I know how some weeks it can be extremely tough digging out humdinger deal jackanories. They are a bit like buses - you wait for ages and then suddenly three come along in one go...

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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].