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 firstname.lastname@example.org.
John McIntyre is once again set to return to the dealmaking coalface.
The City veteran and wily rainmaker spent the last thirty years on the UK dealmaking scene as head of UK M&A at Lehman Brothers, Dresdner Kleinwort (when it actually did large deals) and Royal Bank of Scotland before it gave up on takeover advisory work.
Some of his deals include advising Railtrack on its defence against its controversial takeover of Network Rail...
I see the US financial news aggregator services, such as Benzinga, are trying to re-publish little old Betaville's paywall protected Intelligence articles by second guessing what the content is saying from part of the headline that is available to the public.
Well, that's a dangerous game to play and does a great disservice to their readers...
The dynamic Danas over at the venerable Wall Street journal dug out a cracking scoop late yesterday about Sweden's Hexagon AB weighing a $20 billion sale of the business. Here is the link in case you missed it:
Oh look - Sirius Petroleum has finally confirmed my scoopettes about its financing discussions with FTSE 100 oil giant BP. Here is the link:
So, this morning's election result shows the polls got it spot on after all! Hat tip to the The Times for running the front page piece last week about You Gov poll data showing the election tightening.
From now on, though, I think little old Betaville is going to stick to reporting around what he knows best - stock markets, M&A and private equity...
It was only a month ago that little old Betaville had the pleasure of welcoming the UK’s most famous debt collector back into corporate life.
You might remember I wrote about how Derek Sach, the controversial former head of Royal Bank of Scotland’s discredited and disbanded “business support” unit - the GRG - had resurfaced as an advisor to the Europe's largest private equity group CVC Capital Partners, former owner of Formula One. ..
Little old Betaville is kicking himself this morning and loyal readers may be wondering why.
Well, it's because BC Partners and Pollen Street Capital have just raised their hostile bid for challenger bank Shawbrook to 340p a share. Here is the link to this morning's press release:..
Here is an interesting snippet about a rather large oil company backing an AIM-listed tiddler.
City sources have told little old Betaville that BP is in advanced negotiations to provide Sirius Petroleum with a debt financing package that should enable the business to to fund the drilling prgramme for the Ororo oil field offshore Nigeria and also look at other assets...
Construction company Carillion is said to be looking at "options" for the business amid speculation it is a takeover target for a rival, such as London-listed Kier Group.
According to a source that recently spoke with senior executives at FTSE 250-listed Carillion, the company has been looking at a variety of "options" although it's not clear what those options are and whether an investment bank has been formally appointed to carry out a "strategic review"...
Little old Betaville was a little surprised to see Sterling fall so shaprly overnight/this morning on the back of YouGov poll for The Times predicting a hung parliament. Here is a link to the piece in The Times that has spooked currency markets:..
It sounds like Oak Furniture Land, one of Britain's largest furniture retailers, is edging towards a deal to sell a stake in the £400 million business.
Readers might recall I wrote this piece - https://www.betaville.co.uk/news/oak-furniture-land-hires-pricewaterhousecoopers-to-review-strategic-options-sources/ - back in January 2017...
Another week, another great scoop from Jim Armitage, City editor at the Evening Standard. This time the senior hack has dug up a tale about Smith & Williamson, the City fund manager, being put up for sale by its Canadian backers for an estimated £450 million. Here is the link:..
The details of another Betaville Intelligence article have been finally confirmed - Aim-listed Flowgroup unveiled its equity capital fundraising after the market closed yesterday. Here is the link in case you missed it:
[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].