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.

Betaville Intelligence

UNCOOKED ALERT: Gain Capital said to ... - Part 3

Tuesday, 28 January 2020, 5:32 pm

INTL FCStone Inc, the US-listed commodity trading house, is said to be the mystery acquirer stalking Gain Capital.

People following the situation said INTL FCStone has been sniffing around Gain Capital, the owner of London-based spread betting firm City Index, although it's not clear whether it has submitted a takeover approach for the business...

Read more...

The Genteel Hustler... - Part 5

Monday, 27 January 2020, 9:03 pm

There he is again. William Turvill, also known as the Genteel Hustler from his days working on the Mail on Sunday's business desk, turned up yesterday with another by-line in his former employer's publication.

The Huster's piece is not quite an interview with Megan Markle herself but rather a mini-profile/interview with a "friend" of hers - Beth Herlihy. Below is the link: ..

Read more...

Saudi Arabians said to be in talks to buy Newcastle United for £340 million, reveals the WSJ

Saturday, 25 January 2020, 1:49 pm

Scribblers at the venerable Wall Street Journal just landed a corker of a scoop about Mike Ashley's football (soccer) club.

According to the excellent newspaper, Saudi Arabia's Public Investment Fund is backing another tilt at Newcastle United, the Premier League football club owned by the boss of Sports Direct...

Read more...

Former LSE CEO set to be named as CQS boss...- Part 3

Thursday, 23 January 2020, 9:27 pm

How odd: fomer LSE boss Xavier Rolet is stepping down as chief executive of Sir Michael Hintze's hedge fund CQS after just one year.

Now, readers might recall that Betaville was the first to unveil the timing of Xavier Rolet's appointment as the boss of Sir Michael Hintze's hedge fund CQS in late 2018 after learning about the story down the pub. See the link below:..

Read more...

Hedge Fund Intelligence-owner said to weigh £100 million sale - sources - Part 2

Wednesday, 22 January 2020, 1:13 pm

ICG is said to be the preferred bidder for Hedge Fund Intelligence-owner Pageant Media.

People following the situation said ICG, also known as Intermediate Capital Group, is now in "advanced talks" to buy Pageant Media for between £100 million and £150 million.

Bankers from DC Advisory are working with ICG on the acquisition said people familiar with the matter.

I expect a deal to be wrapped in the next few weeks, so keep an eye out for announcement.....

Read more...

Betaville Intelligence

UNCOOKED ALERT: Quilter said to ... - Part 2

Tuesday, 21 January 2020, 3:05 pm

So, it turns out Betaville's UNCOOKED ALERT from mid December on Quilter was barking up the right tree after all.

According to Bloomberg, Waburg Pincus has been in talks about buying Quilter for around $4 billion although the news organisation seemed to suggest discussions are no longer "live".

Below is the link to my original piece from mid December:..

Read more...

The Genteel Hustler... - Part 4

Monday, 20 January 2020, 10:08 am

Another day, another great tale from William Turvill, a former staff writer at the Mail on Sunday's business section that has joined the club of global jobbing freelancers.

Yesterday, Turvill - known as the Genteel Hustler for his extremely polite but dogged story-getting style - landed an interesting piece in the Mail on Sunday's business section about Meng Wanzhou, the daughter of the billionaire founder of Huawei, Ren Zhengfei. Below is the link:..

Read more...

China's HNA Group said to rekindle $3 billion Swissport sale - sources - Part 3

Thursday, 16 January 2020, 3:59 pm

American hedge fund Centrebridge is said to be one of the more enthusiastic parties interested in HNA's Swissport, the Swiss airport cargo handling group.

Readers might recall that Betaville reported late last year China's embattled HNA Group is once again trying to offload Swissport, the airport cargo handling group, via bankers from NM Rothschild and boutique firm Benedetto Gartland & Company...

Read more...

Betaville Intelligence

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

Tuesday, 14 January 2020, 2:59 pm

Engie's chief executive, Isabelle Kocher, talked about buying Suez with the French government last year without telling her board, according to Bloomberg.

Today's piece caught my eye as I was scanning the Bloomberg terminal as Betaville reported a rather similar tale around the time Miss Kocher is said to have been talking to the French government about buying Suez. I have pasted the link to that piece below:..

Read more...

Betaville Intelligence

UNCOOKED ALERT: NMC Health said to ...

Thursday, 9 January 2020, 2:50 pm

NMC Health, the London-listed private hospitals company based in the United Arab Emirates, may see an "unusual" investor come onto its shareholder register that could spark another round of takeover speculation.

Earlier this week, lenders to two of NMC Health's largest Gulf-based shareholders forced them to sell $493 million of stock, around 15pc, via an accelerated bookbuild. The share sale was believed to have been a margin call by Deutsche Bank and Credit Suisse...

Read more...

The Pink'un, the Bank of England and the new (ish) economics reporter

Wednesday, 8 January 2020, 10:04 am

Splashed across the front page of the venerable Financial Times is a "scoop" generated by an interview with Mark Carney, the guvnor of the Bank of England, by Lionel Barber, the outgoing editor of the paper.

It's a brilliant interview to land but just a shame that Mr Carney trots out so many statements of the obvious, such as "it's generally true that there's much less ammunition for all the major central banks [to fight recessions] than they previously had"...

Read more...

[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].