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.

Betaville Intelligence

UNCOOKED ALERT: Minerals Technologies said to ... - Part 6

Wednesday, 20 September 2023, 8:52 am

Franklin Mutual Advisers has clearly got fed up with the lack of action at London-listed chemicals company Elementis.

The investor, which owns almost 10pc of Elementis, has just come out publicly requesting the company carries out a sale process. Below is a link to the full letter from Franklin Mutual, which is part of US investment giant Franklin Templeton:..


DBay snaps up Finsbury Food Group for £143 million

Wednesday, 20 September 2023, 7:23 am

Remember DBay?

Well in case you don't, it was the secretive Isle of Man-based private equity firm that was involved in a year-long tussle to buy Telit Communications, the London-listed 'internet of things' chip maker. (see multiple previous Betaville Intelligence articles for a gentle reminder).

Now, DBay has finally pounced on the Finsbury Food Group, the cake maker, following a period of stakebuilding...


Weekend review: BP and, er, that's it...

Monday, 18 September 2023, 12:59 pm

There weren't too many deal stories in the British Sunday newspaper sections this weekend but there was one piece that caught little old Betaville's eye in the Saturday business section of The Times.

Emma Powell, who writes the Tempus column in the The Times, suggested BP, which last week saw its chief executive Bernard Looney step down amid allegations, could now be vulnerable to a takeover bid. Below is a link to her piece:..


Spotted: Baron Hammond of Runnymede

Thursday, 14 September 2023, 6:10 pm

Little old Betaville spotted Baron Hammond of Runnymede on the Victoria Line (a well-known metro line in the London subway system) platform this afternoon.

The Baron - also known as Philip Hammond, the former Chancellor of the Exchequer of the United Kingdom - jumped on the tube carriage alongside little old Betaville at Oxford Circus around 15:00...


Covestro board said to meet ahead of formal EURO 12 billion takeover talks with ADNOC, reveals Bloomberg

Friday, 8 September 2023, 2:26 pm

It's been a while since the German media published a twist on the Covestro takeover talks with the Abu Dhabi National Oil Company.

But arch rivals at Bloomberg have just come up with the latest line about the supervisory board conveening to debate whether to allow the German business should entertain formal talks with ADNOC. Below is a link to the Bloomie tale:..


Betaville Intelligence

UNCOOKED ALERT: WestRock said to ... - Part 3

Thursday, 7 September 2023, 7:36 am

Rivals at The Wall Street Journal did well to get the Smurfit Kappa / Westrock merger scoop overnight but a loyal reader has got in touch this morning to remind little old Betaville that it was in fact that this website that first broke the WestRock takeover rumours back in September 2020 in a series of UNCOOKED Alerts.

In case you don't recall I have pasted the links to those stories below:..


Tags: WestRock

Smurfit Kappa in $20 billion merger talks with WestRock, reveals the Wall Street Journal

Thursday, 7 September 2023, 3:47 am

Hacks at the Wall Street Journal have dug out the first big post summer deal scoop.

The WSJ revealed overnight that Smurfit Kappa, which is one of Europe's largest packaging companies and listed on the FTSE 100 index, is in talks to merge with US rival WestRock to create a $20 billion paper and packaging giant...


Betaville Intelligence

UNCOOKED ALERT: Alteryx Inc said to ... - Part 4

Wednesday, 6 September 2023, 7:27 pm

It's taken almost two years for rivals at Reuters to follow up little old Betaville's UNCOOKED Alerts about US-listed Alteryx Inc but the global news agency got there in the end.

Just now Reuters reported that the data analytics software firm is working with advisory firm Qatalyst Partners after receiving takeover interest, possibly from private equity firms. Below is a link to the Reuters piece:..


The posh dog food company, Sky News and the deal...

Tuesday, 5 September 2023, 5:25 pm

I see old Mark "The Kleinmanator" Kleinman of Sky News, a former collegue during our time on The Daily Telegraph's city desk, dug out a scoop earlier this week about Butternut Box, Europe's largest posh dog food maker.

Below is a link to Kleiny's "scoop" about an investment in Butternut Box from General Atlantic that valued the business at around £500 million:..


Permira snaps up Ergomed for £703 million

Monday, 4 September 2023, 7:14 am

The European summer holidays are over, so finally dealmaking activity has returned to the London market.

This morning Permira, a UK-based private equity firm, has announced the £703 million takeover of London-listed Ergomed, which sells specialised services to the pharmaceutical industries.

Permira has offered £13.50 in cash for Ergomed, which is about a 30 premium to Friday's closing price. Below is a link to this morning's announcement:..


[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].