UNCOOKED ALERT: Deutsche Wohnen said to .....
Tuesday, 18 May 2021, 3:53 pm
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.
AT&T confirms $150 billion WarnerMedia tie up with Discovery
Monday, 17 May 2021, 4:46 pm
Ed Hammond's Sunday mega scoop about AT&T folding its WarnerMedia unit into a joint venture with Discovery has today been officially confirmed. Below is a link the official press release:..
Sunday review: GlaxoSmithKline, Elliott Management and Caxton Associates
Sunday, 16 May 2021, 5:10 pm
Chums at the Mail on Sunday dug out a decent tale about top institutional shareholders backing GlaxoSmithKline in its running battle with American hedgie Elliott Management...
RARE ALERT: KPN said to ... - Part 11..
Friday, 14 May 2021, 2:46 pm
Sir Simon Robey quits Osborne's firm... - Part 2
Friday, 14 May 2021, 9:53 am
The Financial Times has just published an excellent piece about the mysterious financial and political fixer Ian Osborne, who has raised almost $500 million for a European SPAC. Below is a link to the piece.
https://www.ft.com/content/3ed742fd-ee22-475a-92d0-aeb5ce186ad2?sharetype=blocked..
Cinven approaches Sanne Group about £1.3 takeover, reveals Sky News
Friday, 14 May 2021, 12:43 am
Private equity bids for London-listed companies are coming thick and fast.
Mark, "The Kleinmanator", Kleinman of Sky News had the scoop yesterday evening with his tale about Cinven approaching Sanne Group about a take private. Below is a link to Mark's story:..
Tags: Sanne Group, Cinven
Schroders circles M&G, reveals Bloomberg
Wednesday, 12 May 2021, 9:40 pm
Hacks at Bloomberg have just landed a big fund management scoop - Schroders has been looking at a £5 billion plus takeover of M&G. Below is the link:
The fight back at Solutions 30 begins ... or does it? - Part 4
Tuesday, 11 May 2021, 7:37 pm
Remember Solutions 30?
It is the France-listed Luxembourg-based outsourcer that saw its share price collapse in early December following the publication of an anonymous short report and an attack by Muddy Waters, the feared short selling outfit led by Carson Block...
Tags: Solutions 30, Euronext
UNCOOKED ALERT: Brooks Automation said to ... - Part 2
Tuesday, 11 May 2021, 8:52 am
Betaville notes Brooks Automation last night announced announced it was splitting into two following a "strategic review". Below is a link to the press release:
Tags: Brooks Automation
RARE ALERT: The Hut Group said to ... - Part 2
Monday, 10 May 2021, 7:06 pm
So, it looks like little old Betaville was barking up the right tree earlier, with the £500 million fundraising coming from, er, SoftBank. Below is the link to The Hut Group's announcement of a rather complicated transaction that involves a joint venture, equity issue and acquisition:..
Tags: The Hut Group
RARE ALERT: The Hut Group said to ...
Monday, 10 May 2021, 12:43 pm
The Hut Group, the London-listed e-commerce retail giant, is rumoured to be working on a deal that could see the company raise up to £500 million of fresh funds.
People following the situation suggested the £500 million deal may be immiment although it's not clear what type of transaction is being contemplated by The Hut Group.
It's also not clear what the funds will be used for, said people following the situation...
Tags: The Hut Group
Woodward said to be eyeing London-listed Meggitt, according to Dealreporter
Friday, 7 May 2021, 5:25 pm
Arch rivals at Dealreporter (where Betaville's illustrious career in financial journalism began) revealed this morning that Woodward, the US-listed designer of controls for the aerospace industry, is looking at London-listed Meggitt, the jet parts manufacturer for the defence companies.
That tale sent Meggitt's shares skyrocketing almost 14pc but there was no announcement from either party confirming any talks or even weighing of an offer...
Amigo, Amigo ... - Part 2
Thursday, 6 May 2021, 6:58 pm
The stakebuilding shenanigans at Amigo Loans continues.
Today, Bybrook Capital - which describes itself as an 'absolute value credit fund manager' - announced it has increased its stake in the controversial subprime lender to 9.1pc while last week JP Morgan said it controls 8.3pc.
Some market scallywags reckon JP Morgan is fronting a stakebuilding for another outfit, possibly even Bybrook...
Tags: Amigo
That KKR bid for John Laing Group...
Thursday, 6 May 2021, 3:42 pm
Betaville is in a bit of a grump.
A lot of hard worrk was thrown out of the window this afternoon after infrastructure investor John Laing Group decided to confirm is in talks with KKR about a possible offer for the company. Below is the link:..
Tags: KKR, John Laing Group
The London-listed biopharmaceutical company, the Bahamian fund and the, er, potential row...
Thursday, 6 May 2021, 12:54 pm
Hemogenyx Pharmaceuticals was once the the darling of the small cap market but now the shares are languishing at a five-year low, causing consternation among the company's backers.
Some are blaming today's dire state of the shares on Mint Capital, a little known investment house based in the Bahamas...
UNCOOKED ALERT: Nordstrom, Inc said to .....
Wednesday, 5 May 2021, 5:05 pm
Bain Capital and Advent International also said to be interested in BT Group's £20 billion Openreach, reports the Daily Mail
Wednesday, 5 May 2021, 9:20 am
There appears to be a growing trend in British national newspapers of burying quality merger and acquisition story lines into the middle of feature reports or editorial think pieces...
Tags: Daily Mail, Alex Brummer
Refinitiv says global dealmaking hits all-time record, again
Tuesday, 4 May 2021, 12:15 pm
Ping!
An email arrives from LSE-owned data provider Refinitiv. Apparently, dealmaking around the world has hit an all-time record. Now, I'm sure I have heard that one before over the last fifteen years. Anyway, below is the press release in case you are interested:
Global M&A breaks all-time April and YTD records
..
RARE ALERT: KPN said to ... - Part 10
Monday, 3 May 2021, 6:18 pm
Betaville notes that Royal KPN NV has finally confirmed it has received approaches from EQT/Stonepeak and KKR. Below is the link to the KPN statement:
https://www.overons.kpn/en/news/2021/kpn-rejected-two-unrelated-unsolicited-approaches
Of course, for regular readers of this website not much of the above will come as too much of a surprise.....
Tags: KPN
Sunday review: BT Group, Royal KPN NV and Stonepeak Infrastructure Partners
Sunday, 2 May 2021, 4:52 pm
Today's British Sunday newspapers all led with cracking corporate scoops on their respective front pages - something Betaville hadn't seen for a while.
There was The Sunday Telegraph's tale about William Hill's new owner selling off its British betting shops, possibly to Apollo. 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].