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: Welltower Inc said to be sniffing around £2.5 billion Barchester Healthcare - Part 2

Thursday, 29 November 2018, 6:25 pm

Here is a little update for readers interested in last week's tale about the American REITs interested in Barchester Healthcare, the care home giant.

Sources following the situation said it's unlikely the likes of Welltower Inc and Ventas will look to buy Barchester outright as they are primarily interested in the company's property portfolio...

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REVEALED: Aston Lark set for £350 million sale - sources

Monday, 26 November 2018, 9:54 pm

The owner of Aston Lark is preparing to appoint advisers to work on a sale of one of Britain's largest independent insurance brokers.

City sources said Bowmark Capital, the private equity firm that owns Aston Lark, has been quietly carrying out a beauty parade of investment bankers with a view to appointing a firm to run a sale of the business in early 2019.

Industry sources said they thought Aston Lark could be sold for between £300 million and £350 million...

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Betaville Intelligence

RARE ALERT: Welltower Inc said to be sniffing around £2.5 billion Barchester Healthcare

Friday, 23 November 2018, 10:29 pm

The Irish punters that invested in care home giant Barchester Healthcare could be about make another from the fortune from the care home company.

Betaville understands that several large American companies, including listed real estate investment trust Welltower Inc, have shown an interest in the business, whose owners have appointed JP Morgan to find a buyer...

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Betaville Intelligence

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

Tuesday, 20 November 2018, 9:19 am

Oh look - I see London-listed medical devices company BTG has finally come out and unveiled a £3.3 billion takeover bid from US predator Boston Scientific Group.

Subscribers to Betaville Intelligence won't be too surprised about today's announcement as this news service was the first to flag BTG was in play in the middle July. Below is a link to the piece:..

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Uber rainmakers see pay cut...

Monday, 19 November 2018, 9:03 pm

Sir Simon Robey and Simon Warshaw - the uber bankers and founders of London-based M&A advisory firm Robey Warshaw - have taken a pay cut, according to Financial News.

In the 12 months to March 18, revenues the firm fell 60pc but the highest paid employee (presumably either Sir Simon or Mr Warshaw) still received £12.1 million, so cry me a river. Below is a link to the Financial News piece:..

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H&M chairman back in the market...

Friday, 16 November 2018, 7:20 pm

So, after a hiatus of several months Stefan Persson, the chairman of Hennes & Maurtiz, was today adding to this year's mammoth share purchase.

The Swedish billionaire squire - who owns vaste swathes of Britain's West Country - has this year spent almost $1 billion on buying shares in the company his father founded 71 years ago but today he added another 5.46 million shares to his shareholding, according to Bloomberg...

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What do WM Morrison and Marks & Spencer both have in common (apart from being large food retailers)?

Thursday, 15 November 2018, 9:45 am

The answer is: a corporate broker (an English concept whereby a company retains an investment bank to be its "interface" with the stock market).

Yes, Betaville learned last night whilst out a top quality party packed with City grandees (such as Lord Myners, former chairman of Marks & Spencer), investment bankers and chief executives that Shore Capital had displaced Citigroup as corporate broker to Marks & Spencer...

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The bank scoop, the intrepid hack and the old team...

Wednesday, 7 November 2018, 8:47 am

Harry Wilson, City Editor of The Times, dug out a cracking scoop yesterday (or most likely the day before but it only appeared in print in yesterday's edition).

The intrepid hack discovered that Aaron Banks - the insurance "tycoon" and under fire funder of the Leave.EU campaign - had asked Oakwell Capital to find a buyer for his 29.1pc stake in Manx Financial Group, the Isle of Man's largest lender. Below is a link to Harry's piece:..

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Betaville Intelligence

RARE ALERT: WPP said to ... part 6

Saturday, 3 November 2018, 8:22 am

There was a rather interesting piece on Bloomberg yesterday about how Sir Martin Sorrell, the former WPP boss, held talks with Warren Buffett six years ago about selling the advertising giant to the Sage of Omaha.

Sir Martin appears to have disclosed the historical talks at an event by Campaign magazine and Bloomberg picked up on it...

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Tags: WPP

[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].