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.

Sunday review - Aberdeen Asset Management, Standard Life and Meggitt

Sunday, 5 March 2017, 5:26 pm

Unsurprisingly, the news about Aberdeen Asset Management and Standard Life's £11 billion merger dominated today's business sections in the British newspapers.

Hat tip, though, to the Kleinmanator of Sky News for breaking that story on Saturday afternoon - although Bryce Elder's mega scoop about Kraft Heinz's $150 billion takeover bid for Unilever on FT Alphaville from a few weeks ago will still take some beating...

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Betaville Intelligence

Sportingbet owner GVC said to be gearing up for next major takeover deal; spokesperson denies interest in £5 billion Playtech merger - part 2

Friday, 3 March 2017, 9:49 am

I see one of my favourite ex-Telegraph colleagues, Harry Wilson of The Times, has also noted GVC appears to be preparing for its next major deal by putting debt financing in place.

In case you missed it, here is a link to Harry Wilson's excellent market report column in today's The Times:..

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0 comments | Tags: betaville, Sportingbet, Playtech, GVC, the times

Revealed: Hong Kong tycoon unhappy with Premier Oil's $2.8 billion debt deal; looking to form blocking group with other convertible bond investors - sources - part 2

Wednesday, 1 March 2017, 5:06 pm

Oh look - Pyrrho Investments has confirmed my tale from earlier on in the day and last week. In case you missed it, I have pasted the announcement below:

Pyrrho Investments Limited ("Pyrrho"), an investment fund, notes the Refinancing update announcements made by Premier Oil ("the Company") from February 2017 to date.

Pyrrho is one of the 3 largest convertible bondholders in Premier Oil with approximately 10% of the total convertible bonds in issuance...

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House price reporting: plus ca change, plus c'est la meme chose...

Wednesday, 1 March 2017, 8:47 am

When I was a young reporter on The Daily Telegraph in the mid noughties working a late shift I was somewhat bamboozled by the first editions of the Daily Mail and The Daily Express.

Why?

Well, that's because the front page (of the main book) of one those newspapers led with a story about how prices are set to soar while the other claimed on the front page (of the main book, too) that houses prices were set to crash...

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Betaville Intelligence

Sportingbet owner GVC said to be gearing up for its next major takeover deal; spokesperson denies interest in £5 billion Playtech merger

Tuesday, 28 February 2017, 3:45 pm

Sportingbet owner GVC Holdings is said to be gearing up for its next major takeover deal.

According to sources familiar with the matter, investment banks - such as JP Morgan - are said to have put in place a big debt financing package for GVC to use as funds for major M&A tansaction...

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Back on Tip TV talking about the LSE, Legg Mason and Independent Oil and Gas

Monday, 27 February 2017, 1:27 pm

Apologies if I look like I have just stepped out of the shower during this session. It litreally tipped it down as I was running from the the tube station to the studio, so I got soaked. Anyway, here is a link to today's session (in which half way through I refer to last year's "election" but meant "referendum"):

https://www.youtube.com/watch?v=M0OuQSAuxO4&feature=youtu.be..

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The dealmaker, the bank and the missing skyscraper series returns, again...

Monday, 27 February 2017, 8:03 am

Remember the tales of plans to build a £1 billion residential skycraper in Canary Wharf?

Well, yesterday The Sunday Times published the latest twist to the story on the front page of its business section. Here is the link in case you missed yesterday's piece:

http://www.thetimes.co.uk/article/skyscraper-tycoons-held-g09ztsrzx..

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Premier Oil convertible bond investors "unhappy" with $2.8 billion debt deal terms; threaten to scupper refinancing - sources

Friday, 24 February 2017, 3:49 pm

Premier Oil put out this rather odd statement - http://www.investegate.co.uk/Index.aspx?searchtype=2&words=Premier+Oil - this afternoon after its shares tanked over the last few days.

Clearly, the market was starting to worry about the completion of the long awaited and somewhat painstaking $2.8 billion debt refinancing deal Premier has been trying to do over the last twelve months...

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Mergermarket Group said to be close to Infinata sale - sources

Friday, 24 February 2017, 2:19 pm

Here's an interesting little story about a big financial publishing company that gave me one of my first jobs in financial journalism.

I hear the Mergermarket Group - publisher of dealmakers' favourite publications, such as online news services Mergermarket, Dealreporter and Debtwire - is on the verge of selling its life sciences division, Infinata, for up to $20 million...

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Tick Tock

Wednesday, 22 February 2017, 6:51 pm

Two days on and the upper echelons of the financial media world are still picking over the carcass of the failed Kraft Heinz / 3G / Warren Buffett / Unilever deal.

Probably the best newspaper piece out there is the "tick tock" by Arash Massoudi and James Fontanella-Kahn in today's Financial Times. Here is the link in case you haven't read it:..

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Betaville Intelligence

Centaur Media said to be in talks with about a sale of Homebuilding and Renovation division to private equity firms - sources

Tuesday, 21 February 2017, 2:31 pm

Centaur Media PLC, publisher of Marketing Week, is said to be weighing a sale of its Homebuilding and Renovation division.

According to sources close to the situation, London-listed Centaur Media has offered buy-out firms the opportunity to express an interest in purchasing Homebuilding and Renovation, which consists of a magazine and an event...

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Deal fees...

Tuesday, 21 February 2017, 9:12 am

I see the lead item in today's Daily Mail city diary is about how leading investment banks missed out on a massive fee bonanza after the Kraft Heinz's $143 billion takeover approach for Unilever collapsed...

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0 comments | Tags: betaville, Daily Mail

Top of the market - the series returns - part 4

Friday, 17 February 2017, 1:15 pm

Take a bow Bryce Elder, stock market reporter over at the Financial Times. The intrepid hack has just landed the M&A scoop of the year, decade or, perhaps, century with his tale this morning about Kraft Heinz's £100 billion plus takeover approach for Unilever. If you follow M&A, I'm sure you have seen the statements.

I suspect rival hacks, such as the Kleinmanator of Sky News or team Bloomborg, will have trouble topping that one. Good luck to them...

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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].