UNCOOKED ALERT: Jazz Pharmaceuticals said to ... -..
Wednesday, 1 May 2019, 5:05 pm
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.
The Audley...
Tuesday, 30 April 2019, 5:14 pm
Betaville suspects some of his surveyor chums will be somewhat peeved one their favourite watering holes - The Audley in the heart of Mayfair, London - has just been closed down.
The pub was a bit of an oddity given it was one of the last bastions of an "old man's" style pub slap bang in the middle one of the most desireable spots of Mayfair, the upmarket district of London favoured by hedgies, dealmakers and entrepreneurs...
UNCOOKED ALERT: Tate & Lyle said to .....
Tuesday, 30 April 2019, 4:21 pm
RARE ALERT: Angus Energy plots multi-million pound equity fundraising
Monday, 29 April 2019, 5:21 pm
Angus Energy, the oil explorer run by the son of Lord Lucan, is working on a plan to raise up to £5 million from equity investors.
People claiming to be familiar with the matter said Angus Energy is looking to raise between £3.5 million and £5 million from investors via a Placing and an Open Offer.
It's believed the new shares will be issued at between 4.5p and 5p, said people claiming to be familiar with the matter...
Tags: Angus Energy
"Chinese walls"...
Friday, 26 April 2019, 6:24 pm
Mark Kleinman's piece about the private equity firms that looked and then ditched a counterbid for London-listed Inmarsat caught Betaville's eye today.
Loyal readers might be wondering why given the central premise of the story is that, er, nothing is happening.
Well, for a start pieces about old deals that never got off the ground can show future intentions, so for M&A watchers these stories can provide vital clues for the mosaic theory...
UNCOOKED ALERT: Unum said to... - Part 2..
Thursday, 25 April 2019, 3:34 pm
No merger Thursday...
Thursday, 25 April 2019, 10:47 am
Business hacks coined the phrase merger Monday during the M&A boom times of the late noughties when several mutli-billion takeover deals would get announced simultaneously on a Monday morning.
These days, though, there are less deals around and today two mega deals completely unravelled: J Sainsbury's £15 billion merger with Wal-Mart's Asda and Deutsche Bank's combination with Commerzbank...
The Japanese billionaire, the embattled online payment firm and the Bitcoin punt...
Wednesday, 24 April 2019, 3:24 pm
Two separate stories about SoftBank and its leader, Masayoshi Son, broke this morning but Betaville found the juxtaposition of the pieces rather intriguing.
The first tale was about SoftBank spending almost $1 billion on Wirecard convertible bonds that could also give the Japanese conglomerate a 5.6pc stake in the German digital payments company. Below is a link to piece in the FT on the topic:..
Is Fosun about to do a Mike Ashley with Thomas Cook?
Tuesday, 23 April 2019, 6:47 pm
The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.
The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.
Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...
RARE ALERT: Acadia Healthcare said to ... - Part 6
Thursday, 18 April 2019, 8:58 pm
Acadia Healthcare, the US-listed behavioural health and addiction services company, is said to be in the early stages of weighing a sale of the The Priory Group, the British mental health care firm.
A person familiar with the situation said Acadia Healthcare has now appointed a financial adviser to weigh a sale of the The Priory although this person declined to identify the firm mandated to carry out the strategic review...
Tags: Acadia Healthcare
According To (lack of?) Sources...
Thursday, 18 April 2019, 8:39 am
Every now and then Betaville tunes into According to Sources, a podcast put together by the eloquent American hedgie Michael Samuels of Broome Street Capital.
Mr Samuels, as far as Betaville can see (or is it hear?) relishes nit picking over Wall Street deals, dealmaking and, now it would appear, journalism. Below is a link to Mr Samuels latest podcast...
UNCOOKED ALERT: Jazz Pharmaceuticals said to...
Wednesday, 17 April 2019, 3:53 pm
TG Therapeutics, US-listed biopharmaceuticals company, has come under the spotlight amid vague takeover speculation.
However, it's not clear which company is interested in purchasing TG Therapeutics.
One person claiming to be familiar with the matter said the buyer for TG Therapeutics is Jazz Pharmaceuticals, an Ireland-based biopharmaceutical company which specializes of identifying, developing and commercializing pharmaceutical products...
Tags: Jazz Pharmaceuticals
Is Cuisine de France for sale?
Tuesday, 16 April 2019, 9:06 am
No - is the answer to the question posited in the headline, according to a spokesperson for Aryzta, the ailing Swiss-Irish food company that owns Cuisine de France.
"Cuisine de France is not for sale," reiterated Mark Kenny, a spokesperson for Aryzta when Betaville got in touch last week...
Tags: Cuisine de France, Aryzta
Confirmations, confirmations and more confirmations, again...-Part 4
Saturday, 13 April 2019, 4:59 pm
Betaville was in a rather good mood until yesterday lunch time.
That's because as I strolled into the office yesterday morning another Betaville scoopette (the story about Integumen trying to buy RhinoCloud for £3 million) was confirmed on the UK's regulatory news service. Below is the link:..
UNCOOKED ALERT: Hammerson said to.....
Friday, 12 April 2019, 11:34 am
WELL-DONE ALERT: Skin testing firm poised to unveil £3 million takeover of RinoCloud
Thursday, 11 April 2019, 11:31 pm
Integumen, the company involved in developing non-animal skin testing technology Labskin, is poised to carry out a £3 million takeover of RinoCloud, a data management platform.
People claiming to be familiar with the matter said a £3 million purchase of RinoCloud will be unveiled alongside a £2.75 million equity fundraising in the next few days, possibly as early as tomorrow morning...
Brexit...who cares, say French Canadians - Part 2
Thursday, 11 April 2019, 9:31 am
There is an old saying in (British) journalism: "three makes a trend".
I guess, then, we are half way there when it comes to the French Canadians and British businesses.
Several week's ago Saputo - based in Montreal, Canada - paid £1 billion for London-listed cheesemaker Dairy Crest.
And yesterday it emerged Garda World, whose headquarters are also in Montreal, is weighing a £3 billion takeover of accident-prone security company G4S...
English (and Co) on fire, again...
Wednesday, 10 April 2019, 2:47 pm
Betaville is a regular reader of Simon English's columns in the Evening Standard as they are often rammed with excellent jokes, profound insight and newsy titbits...
CCP - Part 2
Wednesday, 10 April 2019, 11:02 am
Betaville's CCP theme appears to be catching on.
According to the market report in the The Times today, JP Morgan downgraded Britain's water companies amid fears that once the Corbynistas get in power the whole of the listed water sector will be re-nationalized. Below is a link to the piece by Emily Gosden, a former colleague from my time at The Daily Telegraph:..
UNCOOKED ALERT: BT Group said to.....
Monday, 8 April 2019, 2:57 pm
[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].