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

RARE ALERT: RPC said to... - Part 4

Tuesday, 22 January 2019, 10:49 pm

Betaville has to admit it's puzzling that there was no deal announcement following yesterday's definitive report from the Wall Street Journal about the £3 billion takeover of RPC by Apollo being announced today.

In case you missed it, below is a link to the WSJ story following Betaville's Friday RARE on the topic:..

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Tags: RPC, Apollo
Betaville Intelligence

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

Monday, 21 January 2019, 3:17 pm

Bloomberg have just chucked out a piece saying the lending banks, including HSBC, have "underwritten a multi-billion leveraged debt financing to back" the buy-out of RPC by Apollo Global Management.

Now, loyal readers will be well aware that Betaville published a RARE alert on Friday evening regarding plastics maker RPC but it wasn't quite as definitve as Bloomie regarding the underwriting of Apollo's debt financing for the deal...

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Tags: RPC

Sunday review - Mike Ashley, Peter Hargreaves and one of Betaville's former employers...

Sunday, 20 January 2019, 6:44 pm

Once you get past the acres of Brexit coverage there were some decent business jackanories knocking about in the Sunday papers today.

One story that caught Betaville's eye was a tucked away on page 2 of the Mail on Sunday's business section about how Mike Ashley is planning to hire new PR "experts" to look after his "growing retail group". Below is a link to Neil Craven's article:..

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Betaville Intelligence

RARE ALERT: Millicom International Cellular said to ... - Part 3

Tuesday, 15 January 2019, 7:04 pm

Most British hacks, even business journalists, will be fixated on the politics of Brexit this evening but for those market watchers wanting a bit of light relief do read on.

So, there were plenty of media organisations claiming to have "smoked out" Millicom International Cellular's merger talks with cable cowboy John Malone today and yesterday...

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Bubblin Bank of Jamaica...

Monday, 14 January 2019, 11:19 pm

Central bankers tend to come across as a straight-laced, staid bunch who speak in boring riddles so as not to freak out markets too much.

So, hat tip to the Bank of Jamaica, the central bank for the Caribbean island, for its latest short (music) video clip on "inflation targeting" that is a lot more fun and upbeat than the standard trite remarks (especially if they are from the Bank of England)...

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Betaville Intelligence

RARE ALERT: Altitude Group said to be in talks to purchase AI Mastermind

Thursday, 10 January 2019, 4:25 pm

Betaville got in touch with a few City of London bigwigs this week to see whether there was much afoot. Lo and behold it turns out the dreaded end of March Brexit deadline has put a bit of a dampener on top end dealmaking in the Square Mile, at least. Sad face.

There are, though, a few bits and pieces happening down at the lower end of the market...

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Is the tide turning for Odey the Brexiteer? - the end

Thursday, 3 January 2019, 9:08 am

Yes! - seems to be the definitive answer to the question posited in the headline of this near 40 part series of stories.

In part, that's because Crispin's flagship Odey European fund finished the year top of the HSBC rankings with a gain of over 50pc.

Also, the charasmatic hedgie's "bear" thesis appears to now be playing out in world markets although not quite yet in its entirety of predicted doom...

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2018 - a year of private equity tyre kicking...

Monday, 31 December 2018, 5:30 pm

On the cusp of the New Year Betaville thought looking backwards might be useful excercise to figure out what 2019 holds, especially for those bankers, lawyers and investors looking to get involved in dealmaking next year.

One thing that struck Betaville was the amount of attempted leveraged buy-outs of public companies, in particular UK-listed businesses, that failed to make it over the finishing line...

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Quelle Surprise: Gatwick Airport sold...- Part 2

Friday, 28 December 2018, 3:50 pm

I see the follow up coverage of yesterday's Gatwick airport sale announcement to France's Vinci has already triggered fevered speculation about what Global Infrastructrure Partners plans to do next.

Indeed, a throwaway paragraph at the end of a piece in The Times speculates about the possibility of GIP selling Edinburgh airport next year. Below is the link:..

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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].