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 [email protected]. 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.
So, the bears have come out of the woods and are now publicly mauling Global Life Inc, the US-listed insurance group.
Loyal readers might recall that a couple of weeks ago little old Betaville highlighted how bears were circling Global Life Inc. Below is a link to that story:
https://www.betaville.co.uk/news/bears-circle-global-life-inc/..
Dealmaking continues despite worries about a stockmarket sell off.
This morning self storage giant Shurgard announced the £378 million takeover of London-listed rival Lok'nStore. Below are the full details of the offer, which is pitched at just a 15.9pc premium...
Naturgy Energy Group SA, the Spain-listed gas and electricity company, has come under the spotlight amid takeover and stakebuilding talk.
People following the situation have heard rumours a company based in the Gulf region, possibly Abu Dhabi, is circling Naturgy Energy Group.
However, the precise nature of the transaction remains unclear, said people following the situation.
Naturgy Energy Group has seen stakebuilding in the past...
Centaur Media, publisher of The Lawyer trade publication, has finally confirmed little old Betaville's RARE Alert about private equity interest published earlier this morning.
Waterland Private Equity, the Dutch private equity firm that bought mental healthcare chain The Priory several years ago for £1 billion, is in talks with Centaur Media. Below is a link to the confirmation:..
I see arch rivals at Bloomberg got to the latest L'Occitane takeover story that little old Betaville was also chasing over the last 24 hours.
According to Bloomie hacks, Blackstone has been lined up to finance Reinold Geiger's take private of skin care company L'Occitane and has been conducting due diligence...
STG Partners, an American private equity firm that specialises in buying software businesses, has agreed a deal to buy London-listed Gresham Technologies for 146.7 million.
The offer for Gresham Technologies - which specialises in selling software and cloud services to financial firms - is 163p a share in cash. That is a premium of 26.94pc to yesterday's closing share price. Below is a link to the full details of the deal:..
The Wall Street Journal is on a bit of roll.
Today, the venerable newspaper revealed that private equity giant Blackstone is set to purchase upmarket flats owner Apartment Income REIT for around $10 billion or $39.12 a share in cash. And the deal was quickly confirmed following publication.
Below is the link the original WSJ piece:..
Oliver Gill over at The Sunday Times dug out an intriguing new line about London-listed gambling giant Entain.
According to Gill, private equity firm Apollo is circling Entain after the company hired advisers from Moelis to look at selling some of its brands, such as Ladbokes, Coral and Bwin...
I see NAHL Group has finally confirmed part of yesterday's UNCOOKED Alert published by little old Betaville.
In its statement NAHL confirms it is considering sale of its critical care division - Bush & Company Rehabilitation Limited. Below is a link to the full statement:
https://www.londonstockexchange.com/news-article/NAH/response-to-speculation/16410450..
The Wall Street Journal was bang on the money with its recent scoop about Johnson & Johnson move on US-listed medical device maker Shockwave Medical.
The terms of the deal have just been announced and I have pasted the link below if you want to real all of the details of the transaction:..
Rivals at Reuters have landed a bit of mega scoop that little old Betaville also happened to be chasing down.
The news agency has just revealed that Alphabet, the US technology giant that owns Google, is in talks with advisers about buying HubsSpot, the US-listed American developer and marketer of software products for marketing, sales, and customer service. Below is a link to the story: ..
NAHL Group, the London-listed consumer legal services company, has come under the spotlight amid talk it may be weighing a sale of part of the company for significantly more than the company's current market market capitalisation of the business.
People following the situation have heard rumours NAHL, which is due to unveil trading figures soon, may be looking to dispose of its critical care business to a private equity firm...
There was plenty of follow up to little old Betaville's UNCOOKED Alert about FTSE 250-listed Renishaw in today's British national newspapers.
One piece that struck the right tone was written by John Abiona in the Daily Mail. It carried the headline: Renishaw 'still a target' in Footsie feeding frenzie. Below is a link to the whole article in case you missed it:..
German industrial giant Siemens released a rather curious statement late yesterday afternoon in response to little old Betaville's UNCOOKED Alert about FTSE 250-listed engineering firm Renishaw.
Siemens said it: "confirms that it does not intend to make an offer for Renishaw" but then reserved the right to make an offer if it reaches an agreement or recommendation of the Renishaw board directors etc etc etc. Below is a link to the statement:..
Company presentations aren't usually little old Betaville's thing but sometimes you can still find the odd useful nugget in these documents.
Take, for example, a presentation from Moonlake Immunotherapeutics, the US-listed biopharmaceutical company, from March 10. Below is the link:
https://ir.moonlaketx.com/static-files/cb718204-6ca2-4b46-bdf6-4e964e45a860..
The old Mark "The Kleinmanator" Kleinman is on a hot streak at the moment.
The Sky News City editor has just popped with another deal scoop.
This time Kleiny, a former colleague during our time on The Sunday Telegraph and The Daily Telegraph, has revealed that US-listed firm Keysight Technologies is preparing to launch a 200p a share counter offer for Spirent Communications...
Little old Betaville is in another grump.
Why?
Well, I was chasing down the takeover rumours circulating about Shockwave, the US-listed medical device company, and just as I was about to publish an alert rivals at the Wall Street Journal pumped out their scoop about Johnson & Johnson's bid for the company. Below is a link to WSJ's scoop:..
[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].