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.

Oak Furniture Land hires PricewaterhouseCoopers to review "strategic options" - sources - part 2

Tuesday, 30 May 2017, 10:37 pm

It sounds like Oak Furniture Land, one of Britain's largest furniture retailers, is edging towards a deal to sell a stake in the £400 million business.

Readers might recall I wrote this piece - https://www.betaville.co.uk/news/oak-furniture-land-hires-pricewaterhousecoopers-to-review-strategic-options-sources/ - back in January 2017...

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Revealed: Mergermarket Group poised to buy TIM Group from Bank of America Merrill Lynch for £30 million - sources - the end

Wednesday, 24 May 2017, 6:17 pm

The Mergermarket Group - publisher of Mergermarket, Dealreporter and Debtwire - has today announced the purchase of Tim Group, a technology platform that allows brokers and investors to share long/short and quantitative trading ideas. Here is the link:

http://timgroup.com/tim-group-acquired-by-mergermarket-group/..

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Betaville Intelligence

Europa Oil & Gas said to ...

Tuesday, 23 May 2017, 5:00 pm

Oil and gas explorer Europa Oil & Gas is said to be on the verge of announcing an equity fundraising.

Aim-listed Europa, which has seven licences in off the coast of Ireland in the Atlantic Ocean, is looking to raise around £4 million via a placing and open offer, according to sources familiar with the matter.

These sources said stockbrokers at FinnCap are leading the equity fundraising, which could be announced in the next few days...

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A fund manager's gripe about "lock-ups"

Monday, 22 May 2017, 7:27 pm

A respected British fund manager gets in touch with little old Betaville to air his complaint about "lock-ups" that are supposed to restrict private equity firms and founding shareholders from selling their stock in companies that have recently floated on the London market...

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Betaville Intelligence

RARE ALERT: Gemalto said to ... part 2

Friday, 19 May 2017, 1:12 pm

Gemalto is said to have received a fresh takeover approach from a mystery buyer.

In April, a Betaville Intelligence RARE Alert reported a mystery buyer was said to be circling the digitial security company after approaching Gemalto with a non-binding takeover proposal conditional upon due diligence.

However, since then Gemalto unveiled another profit warning, sending the company's shares significantly lower...

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Tags: Gemalto

He has had a brace; now he is looking for a hat trick...

Tuesday, 16 May 2017, 8:04 pm

That's Andrew Bracey, the former chief financial officer of Ocado and ex investment banker at Barclays, UBS and Credit Suisse.

Since leaving his job as chief financial officer at Michael Page the dealmaker has set up buy-out firm Midlothian Capital Partners, which has already done a couple of major deals. They include the £217 million purchase of garden centre group Dobbies from Tescos and the £103 million acquisition of Park Leisure, the caravan park and holiday homes group...

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Betaville Intelligence

1pm said to ...

Monday, 15 May 2017, 11:33 am

Aim-listed 1pm is preparing to launch an equity capital fundraising to raise around £10 million to finance an acquisition of a rival.

Sources familiar with the matter said asset finance company 1pm has instructed stockbrokers Cenkos to lead the equity capital fundraising, which is expected to raise between £10 million and £12 million...

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The perils of AGMs

Friday, 12 May 2017, 3:43 pm

Apparently, Lloyds Banking Group bosses - including Antonio Horta-Osorio, chief executive, and chairman Baron Blackwell of Woodcote - did their usual thing at the Annual General Meeting earlier this week of putting a brave face on the bad news...

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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].