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 benharringtonw11@gmail.com.

Blair banker joins former Republican presidential candidate's private equity firm - sources - part 2

Friday, 14 October 2016, 7:41 am

I guess Mark Kleinman's piece yesterday about David Cameron, former British Prime Minister, carrying out a speach for private equity firm Bain Capital just goes to show the buy-out house doesn't care which side of the politcal divide you come from. In case you missed it, here is a link to Kleinman's piece published by Sky News:..

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Mack-Smith splurges on wild dinner - sauces

Tuesday, 11 October 2016, 10:58 pm

As usual, there were plenty of high-flying City types that bid for all sorts of prizes at last week's annual Countryside Alliance "wine auction" dinner held at the Victoria & Albert Museum in London a week ago.

Those in attendance included billionaire duty free tycoon Bob Miller, Gulf dealmaker Amanda Staveley and Bank of America Merrill Lynch financier Simon MacKenzie-Smith...

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Shire said to edge closer to Radius deal - sources

Tuesday, 11 October 2016, 12:07 am

Shire is closing in on a multi-billion dollar takeover of US-listed Radius Health, a company that specialises in developing treatments for people with osteoporosis.

To be fair, rumours about Shire's interest in Radius are not particularly new. Talk of Shire pouncing on Radius, which currently has a market capitalisation of $2.2 billion, has been doing the rounds over the last twelve months...

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0 comments | Tags: betaville, Radius, Shire, Pfizer, Amgen

Blair banker joins former Republican presidential candidate's private equity firm - sources

Monday, 10 October 2016, 4:48 pm

Remember Russell Chambers?

In case you don't, let me remind you. Russell is the smooth-talking Credit Suisse investment banker who hit the headlines in the early Noughties after he invited Tony Blair onto his boat in Barbados and lent the former British Prime Minister some swim shorts. Here is a link to a piece on the topic:..

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Brokers tip fresh Bpost and Post NL merger talks in 2017

Thursday, 6 October 2016, 8:58 pm

I see ING is airing a similar line to the one I mentioned on Tip TV earlier this week about Bpost's lingering enthusiasm for a takeover of Dutch group Post NL.

In case you don't recall, Belgian mail group Bpost and Holland's Post NL held merger talks in May this year but the deal fell over after it "leaked" in the local press. Bloody journos!..

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0 comments | Tags: betaville, BP Post, Post NL

HarbourVest said to be sniffing around EMI Music Publishing - sources

Wednesday, 5 October 2016, 6:29 pm

US private equity group HarbourVest is weighing the purchase of a stake in EMI Music Publishing, the company that controls the rights to some of the world's best known bands such as the Black Eyed Peas.

Excellent City sources have told little old Betaville that HarbourVest has been talking to some of EMI Music Publishing's shareholders about buying a shareholding in the music publishing business. ..

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Apollo poised to purchase stake in Lloyd's of London underwriter Ariel Re, according to The Insurance Insider

Wednesday, 5 October 2016, 5:22 pm

Some dealmakers I talk to are rather glum. That's because there has been quite a bit of talk of a post summer slowdown in M&A.

However, one sector that is red hot at the moment is insurance. This week alone there have been several major transactions announced, including Sompo's £5.3 billion takeover of Endurance and NN Group's EURO 2.4 billion bid for Delta Lloyd...

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ITV dumps the jolly nice chaps and chapettes at JP Morgan - sources

Tuesday, 4 October 2016, 6:04 pm

The corporate broking merry-go-round continues unabated in the City of London.

I'm told ITV has just got rid of JP Morgan and replaced its longstanding corporate broker, formerly known as JP Morgan Cazenove, with Citigroup. Citigroup corporate brokers are now working for ITV alongside Credit Suisse, according to people familiar with the matter...

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0 comments | Tags: betaville, ITV, JP Morgan

Back on Tip TV talking about Henderson Group, Molson Coors and Illumina

Monday, 3 October 2016, 1:48 pm

I have pasted a link to today's Tip TV session below for avid followers who failed to tune in for this morning's banter.

https://www.youtube.com/watch?v=Vp6YxOLwrb8

UPDATE: Apologies - in today's session I refer to the speculation around a potential bid from Roche for Illumina valuing the business at $25 billion but in fact what I meant to say was $35 billion. ..

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Exane BNP Paribas's "rumour du jour": Megabrew - part 2

Friday, 30 September 2016, 9:46 am

It's only been a couple of days since shareholders voted to approve Anheuser-Busch Inbev's $100 billion takeover of FTSE 100-listed SAB Miller but already the market has moved onto pastures new, speculating about the next massive beer deal.

Yesterday, French stockbroker Exane BNP Paribas published a massive note about the latest "rumour du jour" - talk of Heineken, now the world's second largest brewer, having a crack at purchasing US-listed Molson Coors...

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Lord Mayor setback for Sir Paul - part 3

Thursday, 29 September 2016, 2:56 pm

So, yesterday's tale about Sir Paul Judge missing out on the Lord Mayor of London role, again, was bang on the money as the City of London Corporation has just made a formal announcement about the next Lord Mayor, which I have pasted below...

News Release

City of London Corporation

29 September 2016

FOR IMMEDIATE RELEASE

NEW CITY LORD MAYOR ELECTED

..

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A wrinkle

Tuesday, 27 September 2016, 10:23 pm

It would appear one of the world's most powerful investment banks has landed a role on the Reuben Brothers' £5.2 billion sale of data storage company Global Switch to a group of Chinese investors.

Top sources have told little old Betaville Goldman Sachs has picked up a mandate advising on the deal, first revealed in the The Sunday Times a month or so ago...

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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].