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.

Revealed: Incisive Media's Risk division sold to French buyer for £120m - sources

Monday, 27 March 2017, 10:22 am

A mystery French company has bought Incisive Media's Insight group, publisher of trade well-known City titles such as Risk and the Insurance Post.

Private equity sources said the French company is thought to have agreed a deal with Incisive Media's owners that will see it pay around £120 million for Insight Group...

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How Sir Philip Green, a BBC business editor and ailing retailer helped an intrepid young hack win business and finance journalist of the year award at the Press Awards

Wednesday, 15 March 2017, 10:39 am

Congratulations to Oliver Shah, City Editor over at The Sunday Times.

Olly, a sometime colleague, last night got his just deserves for his series of brilliant scoops about Sir Philip Greed, the strange sale of BHS to Dominic Chappell for a £1 and the evenutal collapse of the business.

Most importantly, Olly's scoops, stories and investigative features played a large part in Sir Philip coughing up £363 million for the BHS pension scheme...

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Water deals

Wednesday, 15 March 2017, 10:00 am

It's good to see the chaps at Omers and Wren House finally pull off a water deal yesterday.

In case you don't recall, I broke the story back in 2013 about how Canada's Borealis, a division of Omers, and the Kuwaiti Investment Authority (which is now operating the Wren House guise) teamed up to mount a joint £5 billion plus bid for FTSE 100-listed Severn Trent. Here is the link to that piece:..

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Betaville Intelligence

Engie said to be working with Rothschild on potential Suez acquisition - sources

Tuesday, 14 March 2017, 7:53 pm

French gas utility Engie has been working with bankers at Rothschild on a potential acquisiton of Suez.

Earlier this week, Bloomberg reported that Engie is talking to certain banks about a potential $19.8 billion purchase of German renewable energy company Innogy. French reports have subsequently played down the Bloomberg report, with BFM claiming Engie has no interest in being a minority shareholder. German utility company RWE owns a 76.8pc stake in Engie...

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Revealed: why China Africa Resources changed its name to Pembridge Resources

Tuesday, 14 March 2017, 6:36 pm

To the AIM bulletin boards where investors appear to have got rather excited about China Africa Resources's proposal to change its name to Pembridge Resources.

The move to change the company's name comes after David Linsley - one of the founders of Cross Asset Management (older readers might recall the investment firm was one of first London-based event driven hedge funds set up in the City) - was appointed as chief executive in February...

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Award winning Theatre producer weighs "strategic options" for his £50 million airport lounges company - sources

Monday, 13 March 2017, 5:38 pm

An airport lounge company founded by an award-winning theatre producer is poised to sell a stake in the business as part of a deal that could value the group at around £50 million.

City sources said No 1 Lounges, which was founded by Phil Cameron, has hired corporate finance advisers from DC Advisory to look at “strategic options” for the group...

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Betaville Intelligence

Prosiebensat1 said to have hired Goldman Sachs for EURO 500 million sale of digital travel agent - sources

Friday, 10 March 2017, 4:37 pm

German broadcasting giant Prosiebensat1 has appointed investment bankers to work on a potental sale of online travel agent Etraveli.

Sources familiar with the matter said Prosiebesat1 has asked Goldman Sachs run a potential auction, which may include a disposal of all or part of Etraveli.

According to one source, Goldman Sachs has already prepared a short information memorandum on Etraveli for potential buyers containing some financial information...

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Portuguese billionaire blasts management at Stock Spirits, again...

Wednesday, 8 March 2017, 10:07 am

The long running dust up between the management of vodka distiller Stock Spirits and Luis Amaral, the Portuguese billionaire who owns 10pc of the business, continues unabated.

London-listed Stock Spirits announced preliminary results this morning that didn't seem to worry the market too much (shares up a 1pc or so in morning trade). In case you missed it, here is a link to the company's statement:..

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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].