Avid followers of Betaville's work might have noticed a scoopette in this weekend's section of The Sunday Times about Accrol, the loo-roll maker, plotting an £18 million equity fundraising. Below is the link in case you missed it:
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 email@example.com.
Here is a funny tale that Betaville picked up over a sumptious lunch at Moro, a restaurant in London that is still making great North African / Spanish fusion dishes.
Betaville will keep the individuals anonymous as sources / reputations need to be protected but it goes something like this:..
I see the various US media organisations are claiming to have broken the "scoop" about Comcast making an approach for 21st Century Fox.
Well, if these organisations had spoken to Betaville Intelligence subscribers they would have realised this story was broken on this news service a couple of hours before.
Below is the link to the piece:..
Oh look - Mayan Energy has confirmed Betaville's scoopette from last night. I have pasted the link below in case you missed it!
Mayan Energy is poised to carry out its second equity fundraising in the space of just six months.
According to sources claiming to be familiar with the matter, Aim-listed Mayan is on the verge of carrying out a £2 million equity fundraising and the deal could be announced in the next few days.
One source said Mayan - which focuses on Mexico and the US - is looking to raise the money around 0.6p a share, which would be a significant discount to the current share price...
Alistair Osborne, one of Betaville's favourite business commentators, today revives the ITV bid rumour is his excellent column in the business section of The Times.
It's been a while since a news organisation has trotted out the well-worn bid theory but Osborne is one of the wisest old hacks I have had the pleasure of working with, so it's worth paying attention to. I have pasted a link to Alistair's column below:..
If your interested in a contrarian view on the Cayman Islands post the Paradise Papers "expose" then give Simon English's column in today's Evening Standard a read.
English is one of Betaville's favourite City commentators as he always provides sharp insight and evokes a chuckle. Below is a link to Simon's top column...
Below is a link to Andrew Lynch's Prufrock column in The Sunday Times business section.
Telit Communications is lining up the former boss of onling gambling group 888 Holdings to become its new chairman.
According to sources in the recruitment industry, headhunting firm Korn Ferry recently put Richard Kilsby, who stepped down as chairman of 888 Holdings in 2015, on the shortlist of potential candidates to become the embattled company's new chairman...
Plus500's corporate brokers have been sounding out investors about selling around 7pc of the founders' total shareholding in the Aim-listed contract for difference platform.
According to sources familiar with the matter, brokers at Liberum and Berenberg this week approached investors with the opportunity to buy as much as 7pc of Plus500 from a group comprising the founders of the Israeli contracts for difference broker, such as Alon Gonen...
It would appear buy-out baron Guy Hands is poised to lose control of care homes group Four Seasons. At least, that is what esteemed peers are reporting on Twitter this afternoon. In fact, Marlow over at The Daily Telegrah claims handing over keys could crysallise a loss of about £450 million for Terra Firma Capital Partners...
I broke the story back in January in The Sunday Times about 3i hiring NM Rothschild to flog Hobbs (see the link below), so it's good to see a deal with South African group Foschini has finally been confirmed.
Below is the link to the piece I wrote earlier this year:
CNBC's David Faber landed a great scoop today about Walt Disney's recent deal talks with 21st Century Fox. Below is the link:
The London market is all aflutter today after a couple of big IPOs (Bakkavor and Arqiva) were scrapped. But don't fret - Betaville has some upbeat news about new(ish) listing at the smaller end of the market.
Sources familiar with the matter said Nigel Wray, chaiman of Saracens Rugby Club and serial investor, has snapped up a stake in Sosandar, the womens fashion etailer that is gaining a listing by reversing into an Aim-listed cash shell called Orogen...
Aim-listed Sirius Petroleum is in talks with investors about raising between $10 million and $20 million.
Sirius - which Betaville revealed several months ago had secured an offtake agreement with FTSE 100 oil giant BP - is looking to raise up to $12.5 million via an equity fundraising, said sources familiar with the matter...
Ping! An email arrives from a retired City contact who is in a bit of grump about receiving a letter from Odey Wealth.
Betaville's chum hasn't heard from Odey Wealth for four years but suddenly the private client arm of Odey Asset Management has got in touch asking whether he would like invest in funds either managed or overseen by charming Crispin...
I see Bloomberg has written a piece about the upcoming sale of Texas-based mortgage provider Nationstar Mortgage Holdings Inc. Betaville would paste the link to the Bloomberg story below but for some reason it hasn't made it available to readers that don't have a terminal...
Followers of my work might have noticed a piece in this weekend's The Sunday Times quoting Peter Hargreaves, the billionaire founder of Hargreaves Lansdown, with his views on where stock markets might go next given they are flirting with record highs. Below is the link in case you missed it:..
They do say imitation is the sincerest form of flattery. So, Betaville is feeling rather flattered after reading today's City insider column in the venerable Financial Times.
One item in the column, written by senior FT hack Patrick Jenkins, is rather similar to tale about Matthew Greenburgh first aired on Betaville a few days ago. Below are the links:..
Betaville noticed the venerable Financial Times is today taking a pop at charming Crispin Odey, which must be rather galling for the old buffer.
In fact, the FT piece about Crispin's flagship fund losing assets was a rather good scoop by Miles Johnson, one of the best young financial hacks on the circuit.
There is a to the piece below in case you missed the tale and have an FT sub:..
[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].