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 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.

Markets live with Betaville featuring: Volution, Ageas and Elementis, again...

Monday, 19 December 2022, 4:30 pm

Chums over at The Blind Spot invited little old Betaville back onto Markets Live, a live forum for talking about what's moving markets and stocks.

I have pasted the link below if you missed the chat with the charming Izabella Kaminska, a former FT hack who runs the site:

https://the-blindspot.com/spot-markets-live-transcript-19-12-2022/..

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Deals, Deals, Deals ... in a bear market - Part 35

Monday, 19 December 2022, 9:30 am

Dealmaking in Europe may have slowed over the last few months but over in the US the takeover transactions keep on coming.

Late on Friday private equity firm Advent International announced the acquisition of Maxar Technologies, the space and sattelite technology company, for $53 a share in cash - a whopping 129pc premium to the undisturbed share price. Below is a link to the press release:..

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Betaville Intelligence

UNCOOKED ALERT: K3 Capital Group PLC said to ... - Part 3

Friday, 16 December 2022, 10:36 am

There has been a fair degree of scepticism in the London market about private equity bids for London-listed companies since the market strife began earlier this year.

But last night buy out house Sun Capital agreed to buy K3 Capital Capital Group, the Aim-listed professional services company, for 350p a share, ultimately confirming little old Betaville's UNCOOKED Alert from last week. Below is a link to the press release:..

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Manchester United on the market, reveals Sky News - Part 4

Wednesday, 14 December 2022, 9:19 am

Amazon is latest US technology giant to have been touted as a bidder for Manchester United, the US-listed Premier League footbal club.

Well, that's according to football focused The Athletic, which is now owned by the New York Times. So, below is an updated list of runners and riders rumoured to be participating in the Manchester United auction:

1. Amancio Ortega, founder and chairman of Inditex, owner of Zara...

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Bears maul Vivion Investments ...

Wednesday, 14 December 2022, 8:20 am

Muddy Waters has said it is short the credit of Vivion Investments, a Luxembourg headquartered real estate manager and investor with EURO 1.4 billion of bonds outstanding.

Now, little old Betaville can't recall the last time a short seller has come out with public short campaign against the credit of a company. Typically, these type of short selling research outfits focus on the equity of publicly-listed firms...

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Merger Monday returns ...

Monday, 12 December 2022, 10:07 am

It's been a while since several deals have been simultaneously announced at the beginning of the week but there is a possibility of it happening today.

That's because overnight the likes of the Wall Street Journal, the Financial Times and Bloomberg were all reporting US-listed biopharmaceutical company Amgen is close to buying Horizon Therapeutics for around $116.5 a share or around $26 billion. Below are the relevant links:..

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Weekend review: Vodafone, Superdry and Asos...

Sunday, 11 December 2022, 1:01 pm

Chums on The Sunday Times had a decent haul this weekend.

Jamie "Nimmers" Nimmo landed the splash (lead item) in the business section about FTSE 100 giant Vodafone and his tale seemed to suggest activist investor Cevian may be looking to re-build a shareholding in the business following the departure of Nick Reid, the chief executive. Below is a link to Nimmers's story:..

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Betaville Intelligence

UNCOOKED ALERT: K3 Capital Group PLC said to ... - Part 2

Friday, 9 December 2022, 8:53 am

So, it's Sun Capital that is currently in the frame to buy K3 Capital Group.

According to yeserday's confirmation of little old Betaville's UNCOOKED Alert, Sun Capital has made an indicative offer of 350p a share for K3, a company that specialises in, ironically, providing financial advice on a variety of business matters, including mergers and acquisitions...

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When The Genteel Hustler met The Kleinmanator...

Thursday, 8 December 2022, 12:55 pm

A fascinating interview has just been published in the Press Gazette.

The interviewer is The Genteel Hustler, otherwise known as Will Turvill, an incredibly polite but very persistent young hack. The interviewee is The Kleinmanator, otherwise known as Mark Kleinman, City Editor of Sky News and one of the most profilic merger and acquisition scoopsters working in UK media. Below is the link to the piece:..

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Cabot weighs £300 million sale of Premier Modular - Sources

Wednesday, 7 December 2022, 3:34 pm

There may be a deal brewing at Premier Modular, the fast growing British construction company that builds accomodation and offices for big projects, such as the Hinkley Point nuclear power station.

People with direct knowledge of the situation said Cabot Square Capital, which owns a majority stake in Premier Modular, is working with investment banking advisers at Macquarie on "strategic options" for Premier Modular...

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Bob Diamond said to eye Credit Suisse banking bid, reveals The Sunday Times - Part 2

Monday, 5 December 2022, 11:46 pm

Buccaneering Bob Diamond is facing some stiff competition for Credit Suisse's new (or old) CS First Boston unit.

According to hacks at the Wall Street Journal, Crown Prince Mohammed bin Salman is considering an investment of around $500 million to back the new Credit Suisse unit and its boss Michael Klein, the veteran dealmaker. Below is a link to the WSJ tale:..

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Bob Diamond said to eye Credit Suisse, reveal GlobalCapital and The Sunday Times

Sunday, 4 December 2022, 9:43 am

It's been quite a while since Betaville has seen David Rothnie's by-line appear on the front pages of the business section of a British national newspaper.

But today Rothnie - former investment banking editor at Financial News - turned up with a stunning tale about Bob Diamond weighing an offer for Credit Suisse's dealmaking advisory unit, which is now called CS First Boston...

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Betaville Intelligence

UNCOOKED ALERT: Ageas said to ... - Part 9

Friday, 2 December 2022, 4:15 pm

Ageas, the Belgian insurance company, is rumoured to be on bid alert amid a fresh round of takeover talk.

People following the situation have heard rumours Ageas is working with bankers at NM Rothschild on a "defence" mandate ahead of potential takeover interest.

The move follows speculation earlier this year that one of parties interested in buying Ageas is based in France, with some people following the situation noting talk BNP Paribas has been eyeing the company...

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Tags: Ageas

Vue said to eye Cineworld, reveals The Times

Friday, 2 December 2022, 7:58 am

There are still a few old school British story-getting hacks operating in the London market and Dominic Walsh of The Times business section is one of them.

No surprises then that Dom has managed to dig out a line from an interview with Steve Richards, the boss of cinema chain Vue, about how he might be interested in combining Cineworld (or bits of it) with Vue...

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[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].