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

RARE ALERT: Redrow said to ... - Part 3

Wednesday, 7 February 2024, 7:46 am

Sometimes it takes a few hours and sometimes it takes a few weeks for little old Betaville's alerts to be confirmed.

With Redrow, though, it took two and a half years.

Loyal readers might recall that back in the summer 2021 little old Betaville published a RARE Alert about the takeover rumours surrounding FTSE 250-listed housebuilder Redrow, whose founder Steve Morgan is the largest shareholder...

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Barratt Developments snaps up Redrow for £2.5 billion in stock

Wednesday, 7 February 2024, 7:24 am

Consolidation in the British housebuilding sector has been talked about for a while but nobody believed it would actually happen.

But now it actually has with Barratt Developments announcing a £2.5 billion all-share takeover of smaller rival Redrow.

Barratt Developments is offering 1.44 new Barratt shares for every Redrow share which currently values the latter at just over £2.5 billion or around about a 27pc premium to Redrow's share price at yesterday's close...

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Jollyes owner said to be working with bankers on potential multi-million pound sale - sources - Part 3

Tuesday, 6 February 2024, 9:43 am

It seems little old Betaville owes rival business hack Josh O'Neill an apology.

I thought I was the first to discover late last year that British pet food retailer Jollyes had appointed advisers from Houlihan Lokey to find a buyer for the business.

However, it turns out O'Neill - who works for Debtwire and Mergermarket, little old Betaville's former employers back in the mid Noughties - revealed the scoopette first...

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Blackstone said to be considering takeover bid for L'Occitane, reveals Bloomberg

Monday, 5 February 2024, 6:36 pm

Hacks at Bloomberg have dug out another decent scoop about Hong Kong-listed skin care group L'Occitane.

According to Bloomberg, the private equity giant has been considering preliminary due diligence as it evaluates a potential offer while also considering the possibility of teaming up with L'Occitane’s billionaire chairman Reinold Geiger on a buyout...

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Novo Nordisk backer buys Catalent for $16.5 billion

Monday, 5 February 2024, 11:24 am

It would appear pharmaceuticals and biotechnology is still a fertile industry for dealmaking.

Novo Holdings, the largest shareholder in Danish drugs giant Novo Nordisk, just announced the $16.5 billion takeover of US-listed Catalent, provider of delivery technologies, development, drug manufacturing, biologics, gene therapies and consumer health products...

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Fiat and Peugeot owner said to be in merger talks with Renault, claims Il Messaggero

Monday, 5 February 2024, 9:56 am

There is a frisson of excitement around Renault's shares this morning after an Italian newspaper suggested it may be in talks about a deal with Stellantis, whose car brands include Fiat, Peugeot and Citroen.

Italian rag Il Messaggero claims France is considering a merger between the two to strengthen its grip on the sector and counter Chinese and German competition. Below is a link to the piece if you read Italian:..

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Where is maverick Mike on Superdry?

Saturday, 3 February 2024, 8:32 am

Hat tip to Isabella Fish of The Times for effectively smoking out Julian Dunkerton's plans to take Superdry private.

Superdry was yesterday forced to confirm Dunkerton's move after Isabella's story about stakebuilding from First Seagull AS, a Norwegian hedge fund. Below is a link to Superdry's confirmation:..

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Betaville Intelligence

UNCOOKED ALERT: Covestro AG said to ... - Part 2

Friday, 2 February 2024, 4:57 pm

Loyal readers might recall little old Betaville published an UNCOOKED Alert a few weeks ago about how Covestro's sale talks with the Abu Dhabi National Oil Corporation weren't going that well.

That resulted in little old Betaville getting it in the neck from a variety of quarters and some of it was in rather foul language...

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Freshfields on dealmaking via Harvard, Hammond and Twitter...

Thursday, 1 February 2024, 10:31 am

Twitter can be a pretty horrendous place these days.

But you can still find the odd nugget of something interesting or useful among the whingeing, rowing and sometimes, quite frankly, harrowing images.

It takes, though, a certain type of person to know how to find and present that interesting or useful piece of information on Twitter and I'm not just talking about little old Betaville...

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Jollyes owner said to be working with bankers on potential multi-million pound sale - sources - Part 2

Tuesday, 30 January 2024, 7:14 pm

Rivals at Debtwire and Mergermarket have picked up on little old Betaville's scoopette about the potential £100 million sale of British pet food retailer Jollyes.

According Debtwire's Josh O'Neil, the private equity owners of supermarket giant Asda, TDR Capital, have been in exclusive talks with Jollyes owner Kester Capital about a takeover of the business...

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Betaville Intelligence

UNCOOKED ALERT: MorphoSys AG said to ...

Friday, 26 January 2024, 4:04 pm

MorphoSys AG, the Germany and US listed biopharmaceutical company, is at the centre of takeover talk.

People following the situation have heard rumours MorphoSys AG has been working with investment banking advisers after receiving takeover interest.

The interest in MorphoSys is said to have come from three large pharmaceutical firms, said people following the situation...

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Bears maul Svenska Cellulosa SCA...

Thursday, 25 January 2024, 3:25 pm

Bears are coming out of the woods despite the ongoing equity market rally.

And it's another Sweden-listed company that is on the receiving end of a mauling from Viceroy Reseach, the activist short seller led by Fraser Perring.

As usual, the note from Viceroy about Svenska Cellulosa AB SCA, a timber, pulp and paper manufacturer, is a little bit too fruity to be aired on these pixels so I have pasted the link below...

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Betaville Intelligence

UNCOOKED ALERT: Minerals Technologies said to ... - Part 9

Thursday, 25 January 2024, 12:54 pm

Amy-Jo Crowley's overnight scoop about KPS Capital's unrequited interest in Elementis has riled up one of the London-listed chemical company's largest shareholders somewhat.

Steve Raineri and Chris Meeker, portfolio managers at Franklin Mutual Advisers, have been pushing for the board of Elementis to carry out a strategic review since late last year...

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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].