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: Meggitt said to ... - Part 3

Monday, 2 August 2021, 1:55 pm

Betaville was just having a nosey about Shorttracker.co.uk and it would appear Ken Griffin's Citadel recently built up a sizeable short position in Meggitt.

According to Shorttracker, as of July 27th Citadel's short position in Meggitt was just over 1pc of the company but this morning Meggitt's shares are up around 60pc after agreening to a 800p a share offer from Parker-Hannifin Corporation. Ouch!..

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REVEALED: WM Morrison bidder also in the frame to buy Keepmoat for up to £700 million from new Asda owner - sources - Part 2

Friday, 30 July 2021, 1:56 pm

Old Kleiny of Sky News has just delivered a follow up to yesterday's scoop on the Keepmoat deal.

Indeed, Mark appears to have rustled a couple of other names involved in the process. They are: Aermont Capital and Patron Capital, two less well known faceless private equity firms. Below is a link to the Kleinmanator's tale:..

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REVEALED: WM Morrison bidder also in the frame to buy Keepmoat for up to £700 million from new Asda owner - sources

Thursday, 29 July 2021, 7:55 pm

You would think bidding for supermarket giant WM Morrison would be enough to keep the uber Wall Street dealmakers at Apollo occupied for a few months.

But Betaville's moles have revealed that Apollo, set up by controversial American financier Leon Black, is also in the running to buy Keepmoat, the homebuilder that sponsors Doncaster Rovers...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 42

Wednesday, 28 July 2021, 9:02 am

U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications.

People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash.

It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation...

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Betaville Intelligence

UNCOOKED ALERT: Ultra Electronics said to ... - Part 5

Friday, 23 July 2021, 9:49 am

Loyal readers of little old Betaville won't be too surprised to read this morning that Ultra Electronics is in talks to be bought by Advent International-backed Cobham for over £2 billion.

That's because this website consistently highlighted the prospect of a deal through a series of UNCOOKED Alerts published over the last few weeks before the release of any announcements of news reports. Below are the links in case you have forgotten:..

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 40

Thursday, 22 July 2021, 11:01 am

One of Telit Communications largest shareholders plans to vote against Dbay's revised £320 million offer for the company.

This week Dbay increased its offer for Telit to 229.5p a share after delaying last week's shareholder vote when it became clear the private equity fund wouldn't have enough support to approve the scheme of arrangement to take the company private at the previously recommended 220p a share...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 39

Tuesday, 20 July 2021, 5:07 pm

Betaville notes activist private equity firm Dbay Advisers has just increased its offer for Aim-listed "internet of things company" Telit Communications by another £20 million.

Dbay is now offering 229.5p a share for Telit and also made it "final". The move comes after it became clear investors weren't going to back the last scheme of arrangement vote. Below is the link to the deal announcement:..

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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].