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.

Capita in focus after Goldman Sachs moves to "Not Rated"...

Monday, 16 July 2018, 11:19 pm

Goldman Sachs this evening restricted its equity research team from publishing a rating on Capita, according to sources familiar with the situation.

It's well known the Wall Street bank has been advising Capita and its (newish) chief executive, Jon Lewis, on the company's £700 million rights issue and the £700 million disposal programme, including the recent sale of parking management company Parkingeye to Macquarie and MML Capital for £235 million...

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Another day, another confirmation...

Monday, 16 July 2018, 8:20 pm

I see Bacanora Minerals (or is it Lithium?) has finally confirmed the piece I wrote in The Sunday Times the other week about how a secretive Omani fund is in talks to take a stake in the company as part of a major equity and debt fundraising. Below are links to the original piece I wrote and also today's RNS confirmation...

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REVEALED: David Cameron lined up for a senior role with ex Morgan Stanley banker's Greensill Capital - Part 2

Monday, 16 July 2018, 11:41 am

Loyal readers might remember this website's recent scoop about the former PM potentially joining Lex Greensill's outfit: Greensill Capital (now rebranded as just Greensill). Below is a link to the piece:

https://www.betaville.co.uk/news/revealed-david-cameron-former-pm-said-to-be-in-tal/..

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Betaville Intelligence

RARE ALERT: Hennes & Mauritz said to ... - Part 3

Thursday, 12 July 2018, 5:05 pm

Stefan Persson has reportedly denied any plans to take Hennes & Maurtiz private amid talk he has tapped up lenders for financing a buy-out.

Yet since the Swedish retail giant unveiled second quarter figures last month the billionaire has bought over $120 million worth of Hennes & Mauritz. This buying spree comes after Persson splurged around $700 million on Hennes & Maurtiz stock in April and May this year...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 9

Tuesday, 10 July 2018, 2:10 pm

Telit Communications, the London-listed internet of things provider, has promoted a senior executive to head a new automotive business unit, signalling the company is close to selling the division to a potential buyer for between £100 million and £150 million.

Dirk Reimer, previously a vice president, has just been made managing director of Telit's new integrated automotive division, said sources claiming to be familiar with the matter...

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REVEALED: Woodford-backed Sensyne Health presses ahead with £190 million float - sources

Tuesday, 10 July 2018, 8:37 am

Sensyne Health, the start up healthcare technology business funded by controversial (star?) fund manager Neil Woodford, is pressing ahead with a float on London's AIM market.

Sources familiar with the situation said Sensyne, formerly known as Drayson Health, has hired brokers from Peel Hunt to work on the listing...

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Betaville Intelligence

RARE ALERT: Ageas said to ... - Part 2

Friday, 6 July 2018, 3:46 pm

Fosun is said to be the mystery company circling Ageas, the Belgian insurance business formerly known as Fortis.

The Chinese conglomerate is in the "early stages" of examining a takeover of Ageas, said sources claiming to be familiar with the matter.

Last week Betaville Intelligence reported a potential acquirer of Ageas may have already indicated an interest in buying the business, which provides property insurance...

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Tags: Ageas

REVEALED: Charles Tyrwhitt founder in line for multi-million pound payout from £40 million Feefo sale

Friday, 6 July 2018, 3:20 pm

Nick Wheeler, the founder of shirt brand Charles Tyrwhitt, could be about to make another multi-million fortune from the sale of Feefo, an online reviews platform.

City sources told Betaville Feefo has hired from advisers from corporate finance boutique Stella to look at "strategic options" for the business after receiving takeover approaches from private equity firms...

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Sunday review - the old business editor, er, the new business editor and the estate agency merger...

Sunday, 1 July 2018, 6:43 pm

So, farewell Iain Dey, who until yesterday was the business editor of The Sunday Times, a newspaper Betaville regularly writes for.

Iain and Betaville first worked together back over a decade ago when The Daily Telegraph and The Sunday Telegraph decided to merge their respective business reporting teams. Below is a scoop we broke together during that period:..

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Foxtons at 57p...

Friday, 29 June 2018, 8:19 am

Foxtons came to the market in 2013 at 230p courtesy of BC Partners, the private equity firm.

But it now languishes at around 57p thanks to stamp duty changes, affordability of London homes and, yes, the dreaded Brexit.

How much lower can it go.....

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Tags: Foxtons

Damaged Goods: The Inside Story Of...-part 5

Thursday, 28 June 2018, 9:46 am

Sir Philip didn't make it down to yesterday's legendary launch (was he ever invited?) at Fortnum & Mason.

But there were few other business big hitters there to congratulate Oliver Shah on his brilliant new tome, including John Lovering, the fomer Debenhams chairman, Luke Johnson, former chairman of Pizza Express and Amanda Staveley, the Mayfair-based bank and football club dealmaker...

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Damaged Goods: The Inside Story Of...-part 4

Wednesday, 27 June 2018, 5:50 pm

Betaville's just heading off to a certain launch party for a book about a certain retail tycoon by a certain newly-appointed business editor of a business section of a Sunday newspaper.

If that isn't a giveaway then let me tell you straight - it's the launch party of Oliver Shah's book on Sir Philip Green, which is being held at Fortnum and Mason, which is in a smart part of Central London...

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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].