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.

Village gossip - dealmakers' digest goes on the block

Thursday, 26 March 2015, 12:10 am

Revealed: Private Equity International could be about to change hands for between £35million and £50 million.

I understand the company behind Private Equity International, PEI, has hired advisers from Livingstone Partners to look at "strategic options", which could result in a sale of the publishing, conferences and training business.

First round bids for PEI are expected to be submitted in the next few weeks, according to my moles...

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Krafty 3G - part 2

Wednesday, 25 March 2015, 8:55 pm

I see SAB Miller's shares are only down about 0.5pc despite today's announcement about the 3G-backed $40 billion Heinz takeover of Kraft.

Perhaps the market isn't dismissing the idea of an SAB Miller deal following today's news after all. I should have more on this situation later on the week, so keep an eye on Betaville...

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Krafty 3G

Wednesday, 25 March 2015, 2:08 pm

I imagine SAB Miller's shares will be hit hard this morning as the Wall Street Journal revealed overnight that 3G, the fund managed by a group of Brazilian billionaires, is in talks to buy Kraft for more than $40 billion.

The newspaper claimed 3G is pursuing Kraft through Heinz, which it bought a couple of years ago, and is likely to merge both companies.

Here is a link the WSJ story:..

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The online gaming merry-go-round

Wednesday, 25 March 2015, 2:05 am

The Daily Telegraph's Ashley Armstrong has just written an interesting piece on 888 Holdings, the online gaming company that recently saw takeover talks with William Hill fall apart.

The report quotes the company's executive chairman as saying that 888's main founding shareholders would be supportive of an all-share merger with another gaming company.

Here is a link to the piece:..

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Aussie lawyers Slater & Gordon in exclusive talks to buy Quindell's legal services division - part 14

Sunday, 22 March 2015, 10:17 pm

I hope your having a good weekend Betavillers.

I have been getting a lot of questions (and a fair amount of abuse, too) in recent days about the Slater & Gordon/Quindell story I have been covering in the last few weeks.

For readers that don't recall, the £640 million sale of Quindell's legal services division to Australian law firm Slater & Gordon had been scheduled to be announced tomorrow...

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Market caps

Friday, 20 March 2015, 5:22 pm
I see Birmingham-based manufacturer IMI snuck its out announcement about the appointment of Lord Robert Smith of Kelvin as its new chairman on Budget day - a good day to release information when you don't want to pesky hacks to dig into your press release as newsrooms are overloaded with economic and political stories from the Chancellor. See the link:..

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RARE alert: Shire's next deal could be "transformational"

Wednesday, 18 March 2015, 5:17 pm

It's Budget day (here in the UK), so here is a piece of RARE that is completely unconnected to one of the busiest days in financial/political journalism.

I hear Shire's next deal is likely to be "transformational".

Since Flemming Ornskov took the helm of pharmaceutical giant he has carried out quite a few major deals, such as this year's $5.2 billion acquisition of NPS or the $4.2 billion purchase of ViroPharma in 2013...

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Beard

Wednesday, 18 March 2015, 12:41 am

The Times business section had a cracking front page today, with Gideon Spanier landing a juicy scoop about how The Mirror Group, publisher of The Daily Mirror, is trying to buy The Daily Express and The Daily Star from Richard Desmond...

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BHS individuals - part 2

Sunday, 15 March 2015, 7:55 pm

It's still not clear who the "individuals" are behind the BHS deal despite the fact that several top Sunday newspaper business reporters had a good stab at trying to unveil their identities...

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BHS individuals

Friday, 13 March 2015, 5:25 pm

Looking over this morning's coverage of the BHS deal it's still not clear (to me, at least) who has actually bought the retail chain from Sir Philip Green.

Aside from the frontmen, reports suggest that Retail Acquisitions (the purchaser of BHS) is "backed by a group of eight to 10 individuals in different businesses, including oil and gas".

I'm guessing we will find out who some of these "individuals" are this Sunday.....

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World domination (by ex-Telegraph journos)

Friday, 13 March 2015, 1:07 am

Mark Kleinman over at Sky News appears to be on a bit of hot streak.

Kleinman, a former colleague/boss during my time at The Daily Telegraph / The Sunday Telegraph, has landed several big exclusives this week, including the £1 billion takeover bid for Domino Printing.

He is also got today's scoop about Spain's Sabadell making a £1.7 billion bid for TSB, the listed challenger bank. ..

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The party is still on at Bwin...

Wednesday, 11 March 2015, 2:51 pm

It looks like Bwin Party Digital Entertainment is still talking to potential buyers despite some news outlets claiming a few weeks ago negotiations had collapsed and the deal was off...

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Galling

Tuesday, 10 March 2015, 9:26 pm

Remember how the soaring Swiss franc skittled almost everyone in the City?..

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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].