A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. 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.

An old bear re-emerges from the woods... - Part 2

Friday, 23 June 2023, 7:28 am

Drum roll...

It would appear Gotham City's return to the European short selling begins with: SES-imagotag, a French company that sells electronic labels and retail management systems.

The shares have surged almost 125pc over the last year.

Anyway, for legal reasons little old Betaville can't reproduce Gotham City's allegations but I have pasted the link below if you are interested in reading what the activist short seller has got to say about the business:..


Ocado may be a takeover target for Amazon, reports The Times - Part 2

Thursday, 22 June 2023, 10:28 am

Ocado shares are currently up around 43pc at pixel time.

There has been no confirmation, yet, of Dom Walsh's takeover story in today's The Times so little old Betaville assumes there could be a bit of short squeeze going on here, especially as Ocado is one of the most shorted stocks in the London market.

According to data provider Shortracker.co.uk, around 6.1pc of Ocado's stock is on loan to short sellers. Below is a link to Shortracker.co.uk:..


Ocado may be a takeover target for Amazon, reports The Times

Wednesday, 21 June 2023, 9:37 pm

Dom Walsh, veteran retail hack over on the The Times business section, has dug up an interesting takeover tale about another London-listed online retailer.

According to Dom's piece, Ocado - whose shares have collapsed almost 50pc over the last year - might be of interest to an American suitor, possibly even Amazon.

Now, that's not the first time such a theory has been aired but you never know perhaps 2023 will be the year it actually happens.....


Adnoc said to make takeover approach for Covestro, reveals Bloomberg

Tuesday, 20 June 2023, 1:41 pm

There is some big merger & acquisition news breaking across in the (European) continent right now.

Adnoc, the Abu Dhabi-backed energy company, has made a takeover approach for German chemicals giant Covestro, according to Bloomberg.

I would provide the link but Bloomberg hasn't made it available, yet...

UPDATE: Below is a link to the Bloomberg piece that has been picked up by the Financial Post:..


Lookers set for £400 million takeover by Canada's Alpha Auto, reports Sky News

Monday, 19 June 2023, 9:57 pm

Mark "The Kleinmnator" Kleinman of Sky News has popped up this evening with a decent scoop.

According to Kleiny, a Canadian company called Alpha Auto Group is on the verge of purchasing London-listed car dealer Lookers

Alpha Auto Group is said to be willing to pay around 120p a share for Lookers. The way the story is written suggests this deal could be announced tomorow morning as a recommended offer.

Below is a link to the Kleinmanator's story:..


Betaville Intelligence

RARE ALERT: ASOS said to ... - Part 8

Thursday, 15 June 2023, 10:45 am

Another week, another increase in Mike Ashley's stake in Asos, the London-listed online clothing retailer.

Today Frasers Group - which Ashley controls as the largest shareholder - announced it now owns almost 10.6pc of Asos, which today also unveiled figures showing a return to profitability. Below is a link to this morning's announcement about the stakebuilding from Frasers:..


Bain Capital approaches SoftwareOne Holding AG with $3.2 billion takeover offer

Thursday, 15 June 2023, 8:35 am

Debt is becoming more expensive but private equity clearly has given up on big take privates.

The latest attempt in Europe comes from Bain Capital, which has just had a $3.2 takeover indicative bid for SoftwareOne rejected by the company's board.

Bain's SWF 18.50 offer for the Switzerland-listed cloud business is pitched at a 22pc premium to yesterday's close. Below is a link to the confirmation of the bid:..


Deals, Deals, Deals ... in a bear market - Part 48

Wednesday, 14 June 2023, 7:55 am

More deals were announced in the last twenty four hours, including one from a FTSE 100-listed company.

Entain, the blue chip sports betting group that owns Ladbrokes and Coral, last night announced it had struck a deal to purchase Polish rival STS Holdings and this morning launched a placing to raise £600 million to fund the £750 million purchase. Below is a link to the placing announcement:..


Deals, Deals, Deals ... in a bear market - Part 47

Tuesday, 13 June 2023, 4:41 pm

There has been plenty of whining in the British press about the lack of takeover deals since the beginning of the year.

But over on the other side of Atlantic the multi-billion dollar deals keep on getting announced.

US-listed Bunge, for example, just announced the takeover of rival grain trader Viterra, in which FTSE 100-listed Glencore has a large stake, as part of $8.2 billion cash and stock deal. Below is the link:..


Betaville Intelligence

UNCOOKED ALERT: Alfa Financial Software Holdings said to ... - Part 2

Monday, 12 June 2023, 9:03 am

Nordic private equity firm EQT appears to be one of the few private equity houses willing to do big deals in the London market at the moment.

Last Friday Alfa Financial Software Holdings, a London listed asset finance software business, confirmed little old Betaville's UNCOOKED alert, saying it reveived a takeover approach from EQT at 208p a share. Below is a link to the confirmation:..


[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].