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. 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.

The Vannin Capital IPO... - Part 2

Wednesday, 10 October 2018, 9:04 am

One moment it was on, the next it was delayed and then it was back on track after cutting the price.

But today the circus that is the Vannin Capital float comes to an abrupt end after the company said it has pulled its float because the "volatility experienced in the equity market in the last two weeks has led to conditions that are not conducive to an IPO"...

Read more...

Betaville Intelligence

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

Monday, 8 October 2018, 6:58 pm

The Kleinmanator of Sky News landed a good tale yesterday about Schroders and Lloyds Banking Group looking at tie up of their wealth management units. And this morning the scoop was confirmed. Below is a link to the confirmation:

https://www.investegate.co.uk/schroders-plc--sdr-/rns/response-to-media-speculation/201810080700052425D/..

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Chinese said to be in talks with Wirecard about purchasing a 25pc stake; could make a move on the whole company - part 5

Wednesday, 3 October 2018, 10:01 am

If you have been following the fortunes of Wirecard over the last couple of years then this piece (see the link below) by the venerable Financial Timesis worth a read.

Wirecard, a digital payment processing company, was recently promoted to the Germany's blue chip index Dax after seeing its shares surge over the last couple of years and its market cap grow to EURO 23 billion.

But the chaps at the FT have had a bee in their bonnet about Wirecard since 2016.....

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The Vannin Capital IPO...

Monday, 1 October 2018, 11:05 am

So, it would appear litigation funder Vannin Capital is moving ahead with its flotation on the London Stock Exchange despite a set back with a case against Costa Rica.

Betaville understands Vannin's brokers at Jefferies and Barclays sent out Vannin's pathfinder prospectus today with a view to listing the company by mid-October with a valuation of between £600 million and £700 million...

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Sir Christopher Hohn sells down LSE stake after reportedly predicting £15 billion takeover bid for the exchange

Monday, 24 September 2018, 5:27 pm

Betaville notes that Sir Christopher Hohn's The Children's Investment Fund has just slotted the majority of its 5pc stake in the London Stock Exchange.

So, unless the abrasive hedge fund manager isn't interested in making money for his investors, Sir Chris can't really still believe the LSE is still a takeover target?..

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Is Comcast's adviser preparing to become a media mogul himself?

Saturday, 22 September 2018, 12:32 pm

The reason Betaville posits such a question in the headline is that yesterday it was suggested in The Times that Ian Osborne - a former adviser to former British Prime Minister David Cameron - is trying to buy Fortune magazine from publisher Meridith via his advisory firm/investment vehicle Connaught, which counts Sir Simon Robey as a director. Below is a link to yesterday's piece in The Times:..

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Betaville Intelligence

RARE ALERT: Equiniti said to ...

Thursday, 20 September 2018, 4:15 pm

Equiniti, the London-listed share registrar, is at the centre of takeover speculation.

According to sources claiming to be familiar with the matter, a potential buyer is circling Equiniti and may have already indicated an interest in purchasing the business.

However, the identity of the potential buyer is unclear...

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Tags: Equiniti

A Pembridge Resources snippet...

Thursday, 20 September 2018, 3:25 pm

Loyal readers might recall Betaville has been following developments around Pembridge Resources, the London listed mining company, for several months.

Well, a reliable source has got in touch to inform me that some of the company's advisers have offered to invest their own personal money in the placing to raise $40 million for the acquisition of Minto Explorations, which owns a copper, gold and silver mine in Canada.

How regularly does that happen?.....

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REVEALED: The company behind the London Vet Show is being lined up for a £300 million sale - sources

Wednesday, 19 September 2018, 5:14 pm

CloserStill Media, the company that puts on the London Vet Show, could be about to change hands for between £250 million and £300 million.

Sources familiar with the matter said Inflexion, the private equity firm that owns CloserStill Media, has appointed bankers from DC Partners to run an auction for the business.

It's thought Clarion Events, which is backed by US buy-out giant Blackstone, is likely to be one of the frontrunners for company...

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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].