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@example.com. 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.
Norwegian technology company Mercell has finally agreed to sell itself to American private equity firm Thoma Bravo, thereby confirming Betaville's sole RARE ALERT of 2022!..
Remember when Warren Buffett and Brazilian private equity firm 3G tried to buy Unilever for £115 billion?
That was back in 2017 when Bryce Elder, an intrepid stock market reporter from the Financial Times, broke the blockbuster scoop...
Quelle Surprise: Siemens Energy has finally admitted it plans to buy the remainder of Siemens Gamesa Renewable Energy SA, the Spain-listed wind turbine maker.
The former is offering EURO 18.05 a share to take full control of the latter. Have a look at the full press release for all the details:..
A big deal story broke yesterday evening in the US - Broadcom, the US-listed chipmaker, is said to be in talks to buy VMWare, a cloud computing company.
Well, that's according to reports at Bloomberg and the Wall Street Journal, which seem to suggest talks about a cash and stock deal are "advanced".
Below are the links to their pieces:..
Neil "Neily" Craven dug out one of the most interesting weekend lines on THG, the London-listed online retailer.
The hardworking Mail on Sunday deputy business editor and colleague wrote yesterday that Matt Moulding, the founder of THG, would back an offer for THG of 250p a share.
That is some premium to where the shares closed on Friday - 145p a share...
Apologies for the tardy follow up Betavillers - I was out at the Chelsea game last night.
Anyway, I see property entrepreneur Nick Candy and THG have finally confirmed little old Betaville's UNCOOKED ALERT from yesterday afternoon. Below are the links:..
Sometimes it takes a few days and sometimes it takes a few months for the confirmations to come though for little old Betaville's UNCOOKED, RARE and WELL-DONE ALERTs...
THG, the London-listed e-commerce company also known as The Hut Group, has come back under the spotlight amid a renewed round of takeover talk.
People following the situation have heard speculation THG has received fresh proposals since the company announced it had received several takeover approaches last month.
However, it's not clear which potential acquirer has submitted a recent proposal...
So, Canadian Brookfield firm has finally agreed to pay £4.1 billion (£12.00 a share) for Homeserve, the emergency household repairs provider. Below is a link to the announcement:
It would appear arch rivals over at Bloomberg have finally decided to follow up little old Betaville's UNCOOKED alerts about Spanish wind turbine company Siemens Gamesa Renewable Energy SA.
According to Bloomie, Siemens Energy - which is the largest shareholder in Siemens Gamesa - is preparing to make an all-cash offer in the next week with a view to delisting the firm. Below is a link to the Bloomie piece:..
It would appear the buy-out the buccaneers at KKR have got their bit between the teeth for European renewable energy companies.
Today, KKR has agreed a take private for London-listed CounterGlobal, the owner and operator of contracted power generation plants, for 263.3p a share or around £1.6 billion.
That deal comes soon after KKR's $1.7 billion purchase of Albioma, a France-listed solar and biomass producer...
There is some big stakebuilding news breaking this morning.
Etisalat, the United Arab Emirates-based telecoms operator, has just revealed it has bought a near 10pc stake in FTSE 100-listed giant Vodafone for $4.4 billion.
The swoop makes Etisalat Vodafone's largest shareholder but the company says it won't make a bid for the company (usual caveats apply one assumes)...
How many flaks do you need to work on a mutli-billion dollar listing?
Well, typically only one but for some reason CVC Capital Partners, Britain's biggest buy-out house, has lined up corporate spinners Tulchan alongside Teneo to work on its bumper float, according to well-placed snouts.
Quite why CVC feels the need to pay Tulchan, which is run by former Conservative party chairman Andrew Feldman, hundreds of thouands of pounds to work on the listing is a bit of a mystery...
The Bloomberg follow ups appear to be arriving on a daily, if not hourly, basis at the moment.
Now, Betaville's arch rivals have published a fresh follow up to little old Betaville's intelligence alert about Ontex (https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-ontex-said-to-part-3/) earlier this year...
The venerable Financial Times this morning revealed that US pharma giant Pfizer is in the advanced stages of buying Biohaven, a US-listed firm that has been working on treatments for migraines. Below is the link:
[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].