A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. 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.

The former Chancellor of the Exchequer, the boutique investment bank firm and, er, insert anything they are both involved with here... - Part 6

Monday, 28 March 2022, 3:40 pm

This morning National Grid announced it is selling a 60pc stake in its transmission and metering business to a consortium led by Australian infrastructure house Macquarie for £9.6 billion including debt.

One of the advisory firms named on the bottom of the press release that worked on the deal for National Grid was Robey Warshaw, the advisory firm that last year recruited George Osborne, the former Chancellor of the Exchequer, as a partner...

Read more...

Betaville Intelligence

UNCOOKED ALERT: Homeserve said to ... - Part 2

Thursday, 24 March 2022, 4:26 pm

Oh look - I see Canadian infrastructure giant Brookfield has confirmed it is considering a takeover offer for London-listed Homeserve.

Off course, this shouldn't been too surprising for subscribers to Betaville Intelligence as this website published a piece earlier on today pointing out that the company may soon be on the receiving end of an approach. Below are the relevant links:..

Read more...

Tags: Homeserve

Carnival may have to tap investors for fresh equity, again...

Wednesday, 23 March 2022, 7:57 pm

There is talk in the market of another equity fundraising looming at Carnival, the FTSE 100-listed cruise operator.

Well, that's because scribblers at Morgan Stanley just issued a research piece noting the possibility of another share sale.

"We see rising risk of equity issuance," wrote analysts Jamie Rollo, Thomas Allen and Adrija Chakraborty in a note to clients seen by Betaville...

Read more...

Betaville Intelligence

RARE ALERT: GlaxoSmithKline said to ... - Part 5

Tuesday, 22 March 2022, 4:24 pm

The European-based investor group seeking to persuade the board of Aurinia Pharmaceuticals to carry out a strategic review has appointed a US lawyer to manage an action group for other investors looking to back its activist campaign.

The move comes as the investment consortium, led by the Switzerland-based MKT Tactical Fund, recently wrote a second letter to the chairman of Aurinia, George Milne Junior...

Read more...

Buffett buys insurer Alleghany for $11.6 billion

Monday, 21 March 2022, 9:59 am

Warren Buffett is splashing out over $11 billion on US-listed property and casualty insurer Alleghany Corporation.

Buffett's firm Berkshire Hathaway is paying $848.02 per in cash for Alleghany and follows a period in which the billionaire old timer has complained about the lack of acquisition opportunities.

Anyway, I have pasted the core details of the press release below:..

Read more...

Sycamore Partners said to weigh £200 million plus takeover bid for Ted Baker, reveals Sky News - Part 2

Thursday, 17 March 2022, 8:13 pm

It would appear The Kleinmanator of Sky News wasn't the only City hack onto the Ted Baker bid rumour.

Last week, Bryce, "The Flying Scotsman", Elder of the venerable Financial Times got into the story in his excellent City Insider column, pointing out that there was talk circulating the London market of a £300 million plus takeover offer. Below is a link to Bryce's piece:..

Read more...

Sycamore Partners said to weigh £200 million plus takeover bid for Ted Baker, reveals Sky News

Thursday, 17 March 2022, 7:39 pm

Mark, "The Kleinmanator", Kleinman of Sky News has landed a decent scoop this evening about American private equity firm Sycamore Partners weighing a takeover bid for Ted Baker, the London-listed retailer.

According to Kleiny, Sycamore has hired Numis to advise on the possible takeover, so one assumes the firm's interest is relatively advanced and a statement should be appear soon. Below is a link:..

Read more...

Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 11

Wednesday, 16 March 2022, 4:11 pm

Oaktree Capital is the newest participant in the £3 billion Chelsea FC sale process.

According to the Financial Times, the $166 billion asset manager - led by Howard Marks - "is preparing an offer for Chelsea" ahead of this Friday's bid deadline. Below is a link to the FT piece:

https://www.ft.com/content/c031e021-9b76-45e6-be61-62ddec48c36a..

Read more...

Betaville Intelligence

UNCOOKED ALERT: Foxtons said to ... - Part 5

Wednesday, 16 March 2022, 10:48 am

Another activist is trying to persuade London-listed estate agency Foxtons to sell itself.

According to a report in the Financial Times, Montreal-based Converium Capital has built up a stake of 2pc in Foxtons and is arguing the company should find a buyer after failing to take advantage of a red hot London property market. Below is a link to the piece in the FT:..

Read more...

Chelsea FC on the block; Abramovich said to be seeking £3 billion, according to reports - Part 10

Tuesday, 15 March 2022, 10:40 am

Betaville is adding Tilman Fertitta to the list of suitors lining up trying to buy Chelsea FC.

That's because, according to Mark "The Kleinmanator" Kleinman at Sky News, Fertitta is in the data room going over Chelsea FC's books.

Fertitta owns the Houston Rockets NBA team and runs Landry's, a gaming and hospitality group.

Anyway, below is updated list of Chelsea suitors:..

Read more...

Nielsen Holdings PLC set to be taken private by private equity consortium for $15 billion, reveals the Wall Street Journal

Monday, 14 March 2022, 5:33 pm

The venerable Wall Street Journal has just published a whopping deal scoop.

According the publication, a consortium of private equity firms that includes Elliott Management, the hedge fund giant led by Paul Singer, are in talks to take Nielsen Holdings, the TV ratings company, private for around $15 billion. Below is the link to the tale:..

Read more...

[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].