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

UNCOOKED ALERT: Treasury Wine Estates said to ... - Part 3

Tuesday, 2 March 2021, 12:11 am

Treasury Wine Estates, the Australia-listed wine distributor, is said to have now received a formal offer.

People following the situation have heard speculation Treasury Wine Estates recently received a takeover approach valuing the business at AUD$ 15.67 a share.

Some people following the situation suggested the approach may have come from Pernod Ricard, the France-listed drinks giant...

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STAB... - Part 2 (or BRATS - part 1)

Wednesday, 24 February 2021, 5:04 pm

Never mind STAB; other investors are using BRATS as the investment acronym to describe the current (crazy?) market phenomenon driving the likes of Tesla etc to record highs.

BRATS stands for Bitcoin, Russell ETF, Cathy Wood's ARK ETF, Tesla and SPACS (special purpose acquisition vehicles).

If anybody else has got a better acronym, do get in touch via the usual channels.....

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STAB...

Wednesday, 24 February 2021, 3:21 pm

Many of Betaville's readers will know what a FAANG is. But in case you don't, it's the acronym used to describe a basket of shares have been some of the best performing stocks of the last decade - Facebook, Amazon, Apple, Netflix and Google.

Anyway, apparently there is a new investment acronym being circulated finance types across the world: STAB...

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REVEALED: Lloyds-backed VC prepares to sell CitySprint for up to £200 million - sources - Part 2

Monday, 22 February 2021, 12:19 pm

Tucked away in the back of yesterday's Mail on Sunday's business section was a rather interesting nugget from Alex Lawson, a senior City hack on the paper.

Lawson's Stockwatch column reports Menzies Distribution could be about to pursue more acquistions after hiring Andy Clarke, the former Asda chief executive as chairman of the business...

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ERM Group said to have appointed advisers for $2.5 billion float - sources

Friday, 19 February 2021, 5:46 pm

Omers, the Canadian investment giant, is said to have picked banks to carry out a bumper $2.5 billion flotation of ERM Group, the sustainability consultancy.

Last Autumn Bloomberg reported Omers Private Equity was weighing "strategic options" for ERM Group Inc, including a potential sale that could value the sustainability consultancy at as much as US$2.5 billion...

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Tags: ERM, Moonpig
Betaville Intelligence

UNCOOKED ALERT: easyJet said to ...

Friday, 12 February 2021, 8:32 am

Easyjet, the London-listed budget airline company, is at the centre of speculation it is set to launch another equity fundraising.

People following the situation have heard rumours easyJet is actively working with its advisers on a potential fundraising via a placing or rights issue.

However, it's not clear how much easyJet is looking to raise from investors. One person following the situation suggested easyJet could look to tap shareholders for up to £500 million...

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Tags: easyJet

Cash calls, AGAIN - who is next? - Part 2

Wednesday, 10 February 2021, 5:48 pm

It would appear analysts at Morgan Stanley were bang on the money with their prediction that Upper Crust owner SSP would have to carry out a second equity issue.

Indeed, Alice Hancock and Gill Plimmer of the Financial Times have just dug out a rather good scoop suggesting SSP is looking to raise £500 million by way of a rights issue. That is more than double than what the company raised last year on the equity market. Below is a link to their piece:..

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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].