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: Telit Communications said to ... - Part 11

Friday, 27 July 2018, 3:45 pm

Sierra Wireless is said to be circling Telit Communications, the Aim-listed Internet of Things device manufacturer.

Sierra Wireless, a Canadian IoT company, is thought to be interested in an all-share combination with Telit and is believed to have informally sounded out some of the company's shareholders about a deal, said sources claiming to be familiar with the matter...

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The London-listed litigation specialist, the super yacht and the oligarch...

Thursday, 26 July 2018, 9:01 pm

Has Burford Capital bitten off more than it can chew?

Readers might remember a piece I wrote in the The Sunday Times business section a few weeks ago about how Tatiana Akhmedova had enlisted Burford Capital, the Aim-listed litigation funder, to help her recover £453 million from former husband Farkhad Ahkmedov, including a 377 ft super-yacht called Luna. Below is the link:..

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Pro European City types cook up new British advocacy group / political party - The Series Returns...

Monday, 23 July 2018, 2:01 pm

Loyal readers will be aware that this website was one of the first "media organisations" to flag up the story about how powerful business people with cash and connections to politicians, such as Roland Rudd, are looking to back a Pro European centrist group interested in establishing a new political party following the dreaded Brexit. Below is a link to the original piece and follow up in the The Sunday Times...

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Betaville Intelligence

RARE ALERT: Prudential said to ...

Friday, 20 July 2018, 11:08 am

Prudential, the FTSE 100-listed insurance company, is said to have received a merger proposal for its UK and European operations ahead of the completion of its demerger into two separately-listed companies.

Earlier this week, the Financial Times suggested Germany's Allianz or a Chinese group is interested in buying the whole of Prudential...

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Damaged Goods: The Inside Story Of...-Part 6

Friday, 20 July 2018, 8:51 am

There is an intriguing little diary piece in today's The Times about how a mystery property tycoon with a penchant for the Latin phrase Veni Vidi Vici has bought 200 copies of Oliver Shah's new tome about Sir Philip Green and is handing them out to friends, business acquaintances and colleagues.

Below is a link to Dom Walsh's City people diary column:..

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Betaville Intelligence

RARE ALERT: BTG said to ...

Thursday, 19 July 2018, 4:20 pm

BTG has come under the spotlight amid talk a big hostile deal involving a London-listed company is brewing.

Sources claiming to be familiar to be familiar with the matter said BTG, the life sciences company, may have attracted a potential suitor.

However, it's not clear which company might be interested in aquiring BTG, whose chief executive is facing a showdown with investors over payments to her former finance director...

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Tags: BTG

Capita in focus after Goldman Sachs moves to "Not Rated"...

Monday, 16 July 2018, 11:19 pm

Goldman Sachs this evening restricted its equity research team from publishing a rating on Capita, according to sources familiar with the situation.

It's well known the Wall Street bank has been advising Capita and its (newish) chief executive, Jon Lewis, on the company's £700 million rights issue and the £700 million disposal programme, including the recent sale of parking management company Parkingeye to Macquarie and MML Capital for £235 million...

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Another day, another confirmation...

Monday, 16 July 2018, 8:20 pm

I see Bacanora Minerals (or is it Lithium?) has finally confirmed the piece I wrote in The Sunday Times the other week about how a secretive Omani fund is in talks to take a stake in the company as part of a major equity and debt fundraising. Below are links to the original piece I wrote and also today's RNS confirmation...

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REVEALED: David Cameron lined up for a senior role with ex Morgan Stanley banker's Greensill Capital - Part 2

Monday, 16 July 2018, 11:41 am

Loyal readers might remember this website's recent scoop about the former PM potentially joining Lex Greensill's outfit: Greensill Capital (now rebranded as just Greensill). Below is a link to the piece:

https://www.betaville.co.uk/news/revealed-david-cameron-former-pm-said-to-be-in-tal/..

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Betaville Intelligence

RARE ALERT: Hennes & Mauritz said to ... - Part 3

Thursday, 12 July 2018, 5:05 pm

Stefan Persson has reportedly denied any plans to take Hennes & Maurtiz private amid talk he has tapped up lenders for financing a buy-out.

Yet since the Swedish retail giant unveiled second quarter figures last month the billionaire has bought over $120 million worth of Hennes & Mauritz. This buying spree comes after Persson splurged around $700 million on Hennes & Maurtiz stock in April and May this year...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 9

Tuesday, 10 July 2018, 2:10 pm

Telit Communications, the London-listed internet of things provider, has promoted a senior executive to head a new automotive business unit, signalling the company is close to selling the division to a potential buyer for between £100 million and £150 million.

Dirk Reimer, previously a vice president, has just been made managing director of Telit's new integrated automotive division, said sources claiming to be familiar with the matter...

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REVEALED: Woodford-backed Sensyne Health presses ahead with £190 million float - sources

Tuesday, 10 July 2018, 8:37 am

Sensyne Health, the start up healthcare technology business funded by controversial (star?) fund manager Neil Woodford, is pressing ahead with a float on London's AIM market.

Sources familiar with the situation said Sensyne, formerly known as Drayson Health, has hired brokers from Peel Hunt to work on the listing...

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Betaville Intelligence

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

Friday, 6 July 2018, 3:46 pm

Fosun is said to be the mystery company circling Ageas, the Belgian insurance business formerly known as Fortis.

The Chinese conglomerate is in the "early stages" of examining a takeover of Ageas, said sources claiming to be familiar with the matter.

Last week Betaville Intelligence reported a potential acquirer of Ageas may have already indicated an interest in buying the business, which provides property insurance...

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Tags: Ageas

[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].