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: Rolls-Royce said to ...

Wednesday, 16 September 2020, 3:38 pm

Rolls-Royce Holdings, the UK-listed aerospace and defence group, is said to be in advanced talks to raise up to £2 billion from an equity capital raising.

In July, Rolls-Royce said it is "reviewing a range of potential options to strengthen our balance sheet and position ourselves for the recovery following COVID-19. However, no decisions have been made."..

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Betaville Intelligence

UNCOOKED ALERT: Biogen said to ...

Tuesday, 15 September 2020, 8:06 pm

Alexion Pharmaceuticals Inc, the US-listed biopharmaceutical company, is at the centre of a fresh round of takeover speculation.

Biogen is rumoured to be circling Alexion, said people following the situation.

People following the situation have heard talk Biogen is working with Goldman Sachs on its interest in Alexion. Advisers from Royal Bank of Canada are said to be working with Alexion, said people following the situation...

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Tags: Biogen

Merger Monday is back... - Part 3

Monday, 14 September 2020, 1:37 pm

Just after I hit the publish button Canadian security firm GardaWorld launched a "bear hug" for ailing G4S. It really is Merger Monday!

Anyway, GardaWorld and its private equity backer BC Partners is offering 190p a share for G4S after having several approaches rebuffed.

Now, I call this a "bear hug" because private equity firms don't typically carry out real "hostile" bids because they need to do due diligence to get access to funding/debt/leverage...

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Merger Monday is back...

Monday, 14 September 2020, 8:27 am

Merger Mondays came thick and fast during economic booms but over the last six months they have been rather lacking for obvious reasons.

This morning, though, there are deals - or potential deals - aplenty. They include:

1. SoftBank's sale of Arm to Nvidia for $40 (£30) billion.

2. A potential 'take private' of SoftBank by its management team, as reported by the FT yesterday. Below is the link:..

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Punters placing bets LVMH's $16 billion takeover of Tiffany could be in trouble, according to Gasparino - Part 6

Thursday, 10 September 2020, 9:53 am

Many today's business section front pages lead with the (potential) collapse of LVMH's $16 billion bid for upmarket jeweller Tiffany.

But back in mid March the highly respected former WSJ hack and Fox Business reporter Charlie Gasparino flagged that some investors were positioning themselves for the possibility of the deal falling over or at the very least price renegotiation by wily Bernie Arnault. Click on the link below to remind yourself of that piece:..

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Tags: LVMH, Tiffany
Betaville Intelligence

UNCOOKED ALERT: Ageas said to ... - Part 4

Wednesday, 9 September 2020, 10:01 am

It would appear BE Group hasn't given up on Ageas after all, according to De Tijd.

Betaville's Flemish isn't too great but a translated version of the Belgian newspaper's report suggests a new bid by BE Group would "not to be excluded" (whatever that means).

The report also claims BE Group is still interested in buying a majority stake in the insurer and that it is not interested in acquiring parts of Ageas with a view to divesting them...

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Tags: Ageas, De Tijd

Brookfield boss in London town sparking takeover talk, reports The Times

Monday, 7 September 2020, 7:50 pm

Tucked away on page 2 of The Times business section is a great little jackanory that caught Betaville's eye.

Ben Martin, a former colleague from our time on The Daily Telegraph business section, reveals Bruce Flatt, the boss of Brookfield, has flown to London to meet up with his European head of private equity, Ralf Rank. Below is a link to Ben Martin's scoopette:..

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Ackman in the running for FTSE 100 promotion, again - Part 2

Wednesday, 2 September 2020, 7:10 pm

Bill Ackman's Pershing Square Holding's misses out on promotion to the blue chip index for the second time in three months thanks to some weird re-calculating by FTSE Russell.

Below is the statement from FTSE Russell, which appears some to be some tacit confirmation of a screw up by the index compiler.

Pershing Square Holdings (UK)

September Review - FTSE UK Index Series

02 September 2020..

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Ackman in the running for FTSE 100 promotion, again...

Tuesday, 1 September 2020, 6:14 pm

There seems to be an awful lot of excitement in the mainstream business press about which companies are going to be promoted to, and demoted from, the FTSE 100 index.

I suppose there are a dearth of corporate stories around given it's the back end of a summer that has also had to contend with a pandemic. So, the latest quarterly reshuffle will help fill some space (and pixels)...

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Betaville Intelligence

RARE ALERT: Suez SA said to ... - Part 2

Monday, 31 August 2020, 8:07 pm

Voila: Veolia Environnement has launched what appears to be a quasi hostile EURO 10 billion bid for Suez, thereby confirming one aspect of little old Betaville's recent series of Intelligence articles.

Click on the link below to see the piece from ten days ago raising the prospect of a takeover bid for Suez, the French water and waste company...

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Tags: Suez

The business hack, The Hut Group denial and the goodbye...

Thursday, 27 August 2020, 8:37 pm

Farewell then Peter Evans.

Sadly the excellent Enterprise Editor of The Sunday Times is heading off to the calmer climate in the West Country but not before pointing out that Matthew Moulding of the soon-to-be-listed the Hut Group point blank denied he had any plans to float his company when he interviewed him last year. Below is a link to Peter's excellent interview with Mr Moulding:..

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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].