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.

CCP - Part 2

Wednesday, 10 April 2019, 11:02 am

Betaville's CCP theme appears to be catching on.

According to the market report in the The Times today, JP Morgan downgraded Britain's water companies amid fears that once the Corbynistas get in power the whole of the listed water sector will be re-nationalized. Below is a link to the piece by Emily Gosden, a former colleague from my time at The Daily Telegraph:..

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RARE ALERT: Skin testing firm said to be plotting multi-million pound equity fundraising - sources

Monday, 8 April 2019, 11:43 am

Integumen, the company involved in developing non-animal skin testing technology Labskin, is preparing to tap equity investors for up to £3 million.

People claiming to be familiar with the matter said Integumen is looking to raise fresh capital by issuing new stock to investors at around 1.5p a share.

It's thought the fundraising deal is relatively advanced and could be announced imminently, said people claiming to be familiar with the matter...

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Tags: Integumen

REVEALED: Gaucho Grill in advanced talks to merge with M Restaurants - sources

Thursday, 4 April 2019, 10:55 am

Most people in the City of London have heard of Gaucho Grill. That's because the steak chain is frequented by bankers, brokers and private equity bucaneers looking to celebrate a deal with a slap up meal.

But last year the group was in peril after it fell into administration, with 500 Gaucho Grill employees losing their jobs in the process...

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CCP...

Wednesday, 3 April 2019, 10:16 pm

Readers will be more than aware of plans by the City of London's banks, brokers and investment funds to accommodate for Brexit.

Indeed, some of the City's traders and bankers have already been shifted to Paris and Frankfurt with others on standby to move in the event of a hard or disordely Brexit.

But now there is a new plan whipping around the market dubbed "CCP", which is also known as the "Corbyn Contigency Plan"...

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Friday fun: President Energy airs and denies its own bid rumour...

Friday, 29 March 2019, 3:26 pm

Here is an oddity that Betaville has never encountered before: a company disclosing a bid rumour about itself on its own website that hasn't yet been talked about in the market or been published by the media.

Yes, Aim-listed President Energy has done precisely that on its "Frequently Asked Questions" page, where it posits the question about Peter Levine, chairman and chief executive, taking the company private...

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Sports pages...

Friday, 29 March 2019, 9:15 am

Ping! An email arrives with what hedgies dub the "sports pages".

These "sports pages" are also known as HSBC's Hedge Weekly, which is a performance review of European hedge funds.

Last year, charming Crispin Odey - a leading City Brexiteer who runs Odey Asset Management - topped the leaderboard but this year it seems to be populated by a bunch of funds nobody has ever heard of, such as Muirfield GSE Partners, Golden China Fund and Tonga Partners...

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RARE ALERT: Gatwick Gusher said to be working on another multi-million pound equity fundraising - sources

Tuesday, 26 March 2019, 7:24 pm

Another year, another UKOG placing.

People claiming to be familiar with the matter UK Oil & Gas is said to be tapping up investors for fresh capital, again.

The Aim-listed company, which is developing the so-called Gatwick Gusher, is looking to raise between £3 million and £5 million at around 1p a share, said people claiming to be familiar with the matter.

The people added that brokers at WH Ireland are working on the deal for UK Oil & Gas...

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REVEALED: Drapers owner in advanced talks to buy Money Marketing publisher for up to £5 million - sources

Monday, 25 March 2019, 10:53 am

The owner of Drapers magazine is in talks to buy Centaur Media's financial division for up to £5 million.

Sources familiar with the matter said Metropolis International is closing in on the acquisition of titles such as Money Marketing and Mortgage Strategy after entering "advanced negotiations" with Centaur Media about the deal...

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RARE ALERT: Motif Bio said to have kicked off $3 million equity fundraising - sources

Monday, 25 March 2019, 6:38 am

Motif Bio, a clinic stage biopharmaceutical company, is tapping investors for up to $3 million.

People claiming to be familiar with the situation said Motif Bio is looking to raise the fresh capital at a 25pc discount to last Friday's opening price.

The proceeds from the equtiy fundraising will be used as working capital, said people claiming to be familiar with the matter...

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Tags: Motif Bio

Mike Ashley said to be in the frame to buy...everything - Part 6

Friday, 22 March 2019, 10:04 am

Is it Mike Ashley day, today?

The maverick entrepreneur appears to making on-the-record comments everywhere this morning about everything from Arcadia to Debenhams.

To be fair, it was Deidre Hipwell who dug out some great quotes from Ashley (probably yesterday) about Sir Philip Green's Arcadia that made a superlative splash in The Times business section. Below is the link:..

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Argo Blockchain poised to start trading - sources - Part 4

Thursday, 21 March 2019, 9:31 pm

This time last year Argo Blockchain, London's first ever cryptocurrency stock, was preparing to list on the London Stock Exchange to raise £25 million.

The company, which hoped to mine for crypto currencies in China, rode the bitcoin mania wave by listing at 16p with the backing of some serious cornerstone investors and snotty PR advisers from Tancredi...

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Betaville Intelligence

RARE ALERT: Inmarsat said to...

Tuesday, 19 March 2019, 5:01 pm

Private equity firms are said to be circling Inmarsat, the London-listed satellite company.

People claiming to be familiar with the matter said Apax and Warburg Pincus are rumoured to be working on a plan to take Inmarsat private.

However, it's not clear whether the private equity firms have submitted a formal offer to Inmarsat's board - although one person claiming to be familiar with the matter suggested there is speculation an approach may be imminent...

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Tags: Inmarsat

[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].