A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. 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.

Chelsea FC owners in talks with Ares about capital injection, reveals Bloomberg

Friday, 4 August 2023, 6:59 pm

As a fan of Chelsea FC little old Betaville has been somewhat dismayed by the new (ish) American private equity ownership of the Premier League football club.

Last season was one of the worst performances in the last decade amid chaotic player transfer management.

Now Bloomberg are reporting that that Todd Boehly and his backers at Clearlake Capital are in talks with alternative capital provider Ares about raising around $500 million. Below is a link:..

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Betaville Intelligence

UNCOOKED ALERT: Atos said to ... - Part 5

Tuesday, 1 August 2023, 8:23 am

It's taken almost a year but it would appear beleguered France-lised IT services group Atos has struck a deal to sell the less exciting part of the business (Tech Foundations) to a EP Equity Investment, a company backed by Czech tycoon Daniel Kretinsky.

As part of the transaction Atos would do a EURO 900 million capital raise, rebrand as Eviden and then remain a listed company focused cyber security (this is the division that Airbus and others wanted to buy last year)...

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Betaville Intelligence

RARE ALERT: ASOS said to ... - Part 10

Thursday, 27 July 2023, 7:17 am

Mike Ashley's Frasers Group has increased its shareholding in Asos, the London-listed online fashion retailer, to just over 15pc. Below is a link to this morning's announcement:

https://www.londonstockexchange.com/news-article/ASC/holding-s-in-company/16057780

Perhaps that's the reason Asos's stock has been on a tear in recent weeks, rising from 300p to just over 400p...

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THG in talks to buy City AM, reveals Sky News

Wednesday, 26 July 2023, 8:26 am

Mark "The Kleinmanator" Kleinman of Sky News has popped up this morning with a decent tale about THG, the London-listed online retailer.

Now, loyal subscribers to Betaville Intelligence content will know that THG has come back onto little old Betaville's radar recently though not for the reasons the Kleinmanator is suggesting...

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Tags: THG, City AM

Covestro said to hire Goldman Sachs; Adnoc appoints Morgan Stanley for EURO 12 billion deal talks, reveals Frankfurter Allgemeine

Tuesday, 25 July 2023, 7:23 pm

The Covestro takeover situation rumbles on and the latest twist comes courtesy of German rag (and website) Frankfurter Allgemeine.

According to the newspaper, German chemicals company Covestro has appointed bankers from Goldman Sachs to deal with the inbound takeover interest from the Abu Dhabi National Oil Company (Adnoc)...

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Bears circle Hexagon AB ... - Part 2

Wednesday, 19 July 2023, 9:55 am

So, the big bear has finally come out of the woods.

Activist short seller Viceroy Research, led by Fraser Perring, has just released a research report on Swedish firm Hexagon AB cotaining some rather fruity allegations.

Now, for legal reasons those allegations can't be repeated on this website but if you are interested in what Viceroy has to say about Hexagon AB little old Betaville suggests clicking on the link below:..

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Argo Blockchain said to be working on an equity fundraising - sources

Tuesday, 18 July 2023, 3:56 pm

There is talk in the market that Argo Blockchain, the Bitcoin mining group listed in London, is working an equity fundraising.

People following the situation have heard rumours Argo Blockchain, which also has a US listing, could be looking to tap up shareholders for fresh cash, possibly via a placing.

Some people had heard brokers at Tennyson Securities were working on the deal for Argo Blockchain and were looking to raise the funds at around 10p a share. ..

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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].