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

UNCOOKED ALERT: Boston Scientific Corporation said to ...

Monday, 11 June 2018, 9:54 am

Boston Scientific Corporation, the US medical devices maker, has come under the spotlight amid talk it is attracing takeover interest from a rival.

According to sources claiming to be familiar with the matter, a mystery suitor is said to be circling Boston Scientific.

One source claiming to be familiar with the matter suggested Boston Scientific may have already received a takeover proposal from a suitor...

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Dealmakers' favourite PEI Media set to be sold to Bridgepoint for £120 million

Friday, 8 June 2018, 1:35 pm

PEI Media - publisher of one of the journals read by many of the City's bankers, lawyers and buy-out barons - is about to be bought by Bridgepoint Development Capital for over £120 million.

According to sources familiar with the matter, a takeover of PEI Media by BDC could be announced in the next few days.

This would be the second (possibly third time) Betaville has broken a story about PEI Media since this website first started in 2014...

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REVEALED: Farmers Guardian set to be put on the block for £150 million - sources

Thursday, 7 June 2018, 9:28 am

The company that publishes the Farmers Guardian is set to be sold by it's private equtiy owners for up to £150 million.

Sources familiar with the matter said Lyceum Capital has hired advisers from Raymond James to find a buyer for AgriBriefing.

As well as publishing the Farmers Guardian, AgriBriefing creates and sells prices for eggs, red meat and animal feed.

The company also runs Britain's largest farm machinery and equipment show - Lamma...

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City dealmakers in row with the AA over Motoriety

Wednesday, 6 June 2018, 4:54 pm

Some of the City's top bankers, lawyers and industry executives have emerged as investors in a company whose founder is engaged in an almighty row with London-listed AA.

According to sources familiar with the matter, Giles Fitzpatrick, Michael Symons and Kevin Gaskell were seed investors in Motoriety, an app that links motorists to repair garages that was set up by entrepreneur Lucy Burnford...

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PM, Chancellor and Culture secretary make it down to Cavendish 30th...

Tuesday, 5 June 2018, 10:07 pm

Cabinet rows over Brexit failed to stop the very top echelons of government from attending Cavendish Corporate Finance's 30th birthday party tonight.

Theresa May, Prime Minister of the United Kingdom, Philip Hammond, Chancellor of the Exchequer, and Matt Hancock, Culture Secretary, all made it down to the shindig at Lancaster House, a neo classical mansion built for the second son of King George III in 1825...

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That RBS share sale...

Saturday, 2 June 2018, 4:43 pm

On Monday Sky News via the Kleinmanator bellowed the government was about to launch a sale of some of its stake in the dreaded Royal Bank of Scotland.

But nothing came, which was a surprise as the Kleinmanator is normally on the money.

So, what happened?

Well, the City Insider column in the yesterday's venerable Financial Times has a decent explanation. Below is a link in case you missed it:..

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A dealmaking conundrum...

Wednesday, 30 May 2018, 10:01 pm

It's busy in the M&A world. Perhaps the busiest it has ever been for dealmakers over the last decade in Britain.

But there is one thing gnawing away at Betaville: it's also extremely busy in the UK restructuring market, with CVAs, liquidations and administrations taking place across several sectors, such as leisure, retail and construction contracting...

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Betaville Intelligence

WELL-DONE ALERT: Reliance Worldwide Corporation said to ... part 2

Saturday, 26 May 2018, 11:25 am

There has been plenty of coverage about Wesfarmers/Bunnings disastrous acquisition of Homebase over the last couple of days - and how the Aussies tend to mess up major British acquisitions (think back to Slater & Gordon's £673 million purchase of Quindell).

But just as Homebase was being sold to Hilco for a £1 another Australian-listed company was quietly completing an audacious raid on a London-based business - John Guest, the widget manufacturer set up in 1961...

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REVEALED: Conde Nast printer Walstead eyes £400 million sale or float - sources

Thursday, 24 May 2018, 11:22 am

The company that prints magazines for Vogue publisher Conde Nast is set to change hands after its private equity owners appointed investment banking advisers to weigh strategic options for the business.

According to sources claiming to be familiar with the matter, Rutland Partners - the buy-out firm that recently sold Pizza Hut UK to Pricoa for £100 million - has hired bankers from NM Rothschild to examine a sale or float of Walstead Investments. ..

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Betaville Intelligence

RARE ALERT: Capital & Counties Properties said to ... part 2

Wednesday, 23 May 2018, 3:55 pm

The predator stalking Capital & Counties Properties since late last year is said to be closing in on the property developer.

According to sources claiming to be familiar with the matter, the potential buyers interested in the beleguered London-based developer are said to be on the verge of formalising a proposal for some or all of the FTSE 250-listed business...

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Betaville Intelligence

WELL-DONE ALERT: Reliance Worldwide Corporation said to...

Friday, 18 May 2018, 9:38 pm

Reliance Worldwide Corporation, the Australian plumbing equipment manfacturer, is in advanced talks to buy privately-owned UK-based John Guest for £500 million.

According to sources claiming to be familiar with the matter, Reliance Worldwide Corporation (RWC) - which is listed in Australia - beat off competition from several private equity firms, including US-based AEA Investors, for John Guest...

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Check out the boardroom coup at Quarto...

Thursday, 17 May 2018, 12:51 pm

This is pretty unusual: publishing company Quarto has just announced that its chairman was thrown off the board at the company's Annual Meeting today.

Peter Read and 3 other non-executive directors were voted off and will be replaced by founder and 20pc shareholder Dr Laurence Orbach, Mr Chuk Kin Lau, Ms Mei Lan Lam and Mick Mousley, former chief financial officer of Quarto.

Ouch!..

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Tags: Quarto

Is the tide turning for Odey the Brexiteer? - part 32

Thursday, 17 May 2018, 10:35 am

After 31 instalments to this long-running saga it would appear Betaville is able to finally answer the question posed in headline: yes, the tide is turning for charming Crispin.

According to the sports pages (hedge fund parlance for the HSBC fund performance rankings), it would appear the flagship Odey European Fund is one of the best performers in Europe this year, rising 17.07pc so far...

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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].