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 Intelligence

WELL-DONE ALERT: Reliance Worldwide Corporation said to ... part 2

Saturday, 26 May 2018, 11:25 am

There has been plenty of coverage about Wesfarmers/Bunnings disastrous acquisition of Homebase over the last couple of days - and how the Aussies tend to mess up major British acquisitions (think back to Slater & Gordon's £673 million purchase of Quindell).

But just as Homebase was being sold to Hilco for a £1 another Australian-listed company was quietly completing an audacious raid on a London-based business - John Guest, the widget manufacturer set up in 1961...

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REVEALED: Conde Nast printer Walstead eyes £400 million sale or float - sources

Thursday, 24 May 2018, 11:22 am

The company that prints magazines for Vogue publisher Conde Nast is set to change hands after its private equity owners appointed investment banking advisers to weigh strategic options for the business.

According to sources claiming to be familiar with the matter, Rutland Partners - the buy-out firm that recently sold Pizza Hut UK to Pricoa for £100 million - has hired bankers from NM Rothschild to examine a sale or float of Walstead Investments. ..

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Betaville Intelligence

RARE ALERT: Capital & Counties Properties said to ... part 2

Wednesday, 23 May 2018, 3:55 pm

The predator stalking Capital & Counties Properties since late last year is said to be closing in on the property developer.

According to sources claiming to be familiar with the matter, the potential buyers interested in the beleguered London-based developer are said to be on the verge of formalising a proposal for some or all of the FTSE 250-listed business...

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Betaville Intelligence

WELL-DONE ALERT: Reliance Worldwide Corporation said to...

Friday, 18 May 2018, 9:38 pm

Reliance Worldwide Corporation, the Australian plumbing equipment manfacturer, is in advanced talks to buy privately-owned UK-based John Guest for £500 million.

According to sources claiming to be familiar with the matter, Reliance Worldwide Corporation (RWC) - which is listed in Australia - beat off competition from several private equity firms, including US-based AEA Investors, for John Guest...

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Check out the boardroom coup at Quarto...

Thursday, 17 May 2018, 12:51 pm

This is pretty unusual: publishing company Quarto has just announced that its chairman was thrown off the board at the company's Annual Meeting today.

Peter Read and 3 other non-executive directors were voted off and will be replaced by founder and 20pc shareholder Dr Laurence Orbach, Mr Chuk Kin Lau, Ms Mei Lan Lam and Mick Mousley, former chief financial officer of Quarto.

Ouch!..

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Tags: Quarto

Is the tide turning for Odey the Brexiteer? - part 32

Thursday, 17 May 2018, 10:35 am

After 31 instalments to this long-running saga it would appear Betaville is able to finally answer the question posed in headline: yes, the tide is turning for charming Crispin.

According to the sports pages (hedge fund parlance for the HSBC fund performance rankings), it would appear the flagship Odey European Fund is one of the best performers in Europe this year, rising 17.07pc so far...

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

Tuesday, 15 May 2018, 10:00 pm

Here is a juicy snippet: David Cameron, former prime minister of the United Kingdom, is said to be in talks to join Lex Greensill's financial services group.

According to sources claiming to be familiar with the matter, Mr Cameron has been holding discussions with Mr Greensill over the last twelve months about working for his firm in a senior advisory role...

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Betaville Intelligence

RARE ALERT: On The Beach Group said to ... - part 2

Friday, 11 May 2018, 10:47 pm

Goodbye Richard Segal, non-executive chairman of On The Beach Group. It emerged yesterday he is moving on from the holiday booking firm after five years as non-executive chairman.

Good riddance is all Betaville can say.

That's because Segal went beserko after Betaville got hold of a legimate story about the company hiring NM Rothschild as a "defence advisor" last year...

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Bull markets, activists and deals - part 2

Thursday, 10 May 2018, 9:38 am

Exane BNP Paribas are jumping on the Wienerberger bid talk band wagon by adding it to its "M&A targets list". I guess that's not exactly a surprise given Betaville noted activist Petrus had turned up on the shareholder register of the Austrian brickmaker last week.

The other company the broker is touting as a target is, wait for it...ITV. Betaville has pasted some of the note below.....

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That Clydesdale Bank bid for Virgin Money...

Tuesday, 8 May 2018, 8:39 am

Oh look - Clydesdale Bank has finally made a takeover approach for Virgin Money, saying it submitted an offer for the challenger bank on May 7 (yesterday).

That comes after a rather prescient comment piece by Iain Dey, the outgoing business editor of The Sunday Times. Below is a link to Iain's article:..

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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].