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 email@example.com. 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.
Hot deal scoops are thin on the ground at this time of the year but the hard working Daniel Dunkley over the at The Sunday Times still managed to dig one or two out.
Indeed, the one that caught little old Betaville's eye was Dan's piece about Unilever's interest in the Reckitt Benkiser mustard/sauce auction. Here is the link: ..
Little old Betaville has been watching Carillion's woes with great interest.
Indeed, subsribers to Betaville Intelligence wouldn't have been too surprised to learn the construction company is looking at "strategic options" following its shock profit warning on Monday...
I see my former Tip TV host Zak Mir, now co-founder of Wall Street Wires, has been trotting out some of the old bid tales that have been knocking about the London market for the last year or so.
This morning's morsel from Monsieur Mir was a rekindling of the Mediclinic for Spire Healthcare takeover story that was first aired on little Betaville some nine months ago. Here is the link: ..
What's Hassan Gozal up to with Genel Energy?
Gozal, a contruction tycoon with ties to Turkey, Kurdistan and Azerbaijan, has been quietly building a stake in Genel Energy, the controversial oil company via his investment vehicle Daax Corp and now owns around 15pc of the London-listed business...
The auction for WebMD, the US financial health publisher, is said to be entering the final stages and a deal may be announced soon.
Sources claiming to be familiar with the matter said the preferred bidder for the business could be made public in the next few weeks.
Dealreporter previously reported in March that WebMD had hired bankers from JP Morgan to run a strategic review, with the company seeking an offer 20pc higher than its valuation...
I realise this isn't exactly mega cap dealmaking but it's good to see another one of little old Betaville's scoopette's confirmed this morning. I have pasted the link below in case your interested:
Here is an interesting snippet about a listed tiddler that has an investment in Horse Hill, the oil exploration site just a few miles away from Gatwick Airport just outside London.
Little old Betaville has been told by savvy types that Primorus Investments, which has a 10pc stake in Horse Hill alongside UK Oil and Gas, has been tapping up investors for an extra £500,000.
Apparently, the equity fundraising is almost done and priced at around 0.15 a share...
The mystery company circling Aveva is said to be weighing a deal that could value the London-listed business at as much as £24.50 a share.
Several different sources claiming to be familiar with the matter have heard the potential offeror for Aveva, the software engineering company, is looking at pitching an indicative approach at precisely £24.50 a share...
Take a huge bow Zak Mir.
The erudite Mir, now editor and co-founder of financial website Wall Street Wires, has just landed two gigantic M&A scoops in the space of 48 (trading) hours.
Last Friday morning Zak broke the rumour of a potential bid interest in Danish payment company Nets, which was subsequently confirmed by the company on Saturday evening. ..
Another day, another confirmation for a Betaville Intelligence story.
Today, it emerged private equity backed Red Ventures is buying Bankrate, the US personal finance website, for around $1.3 billion.
In case you missed it, here is a link to last week's Betaville Intelligence piece on Bankrate:
And today Ben Martin of The Sunday Telegraph writes Northgate's largest shareholders are piling pressure on the company to hold a formal sale process.
That's more wishful thinking from Richard Bernstein, I suspect.....
I see wily Richard Bernstein was in the market this week talking up the prospects of a bid for van hire company Northgate, in which his Crystal Amber fund owns just over 4pc.
In a Bloomberg interview Bernstein is reported to have said he has won support for a sale of Northgate from shareholders owning 20pc of the company...
Which aggressive hedge fund is currently rather worried about its loans to a top flight European football club that has just seen its chairman's investment vehicle come under intense scrutiny from a national banking regulator?
If you think you have an idea do email firstname.lastname@example.org...
I see US financial news aggregator Benzinga is once again completely mis-representing little old Betaville's paywall protected Betaville Intelligence articles...
[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].