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

RARE ALERT: Acadia Healthcare said to... - Part 10

Tuesday, 18 February 2020, 1:13 pm

The Kleinmanator over at Sky News has just dug out a rather good angle on Acadia Healthcare's sale of Priory Group, the rehab centre well-known for treating British celebrities, such as Kate Moss.

According to Mark's report, Schoen Klinik, which is owned by Carlyle, is among a group of potential acquirers interested in buying the Priory Group for £1.2 billion. Below is a link to his piece:..

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The Jupiter / Merian deal ... - Part 3

Tuesday, 18 February 2020, 12:58 pm

Well that didn't take long. From one asset management deal to the next in just 24 hours. The latest is in the US with Franklin Templeton buying Legg Mason for $6.5 billion.

The venerable Wall Street Journal got the "scoop" although one is often suspicious when the actual deal is announced just a few hours after publication...

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The Jupiter / Merian deal ... - Part 2

Monday, 17 February 2020, 7:20 pm

So, Jupiter shares surged 8.3pc to close at 429.9p following today's announcements.

Clearly, the market is willing to look past mediocre results if you have a deal up your sleave.

I suspect that will encourage other asset managers to carry out similar measures.....

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Hedge Fund Intelligence-owner said to weigh £100 million sale - sources - Part 3

Wednesday, 12 February 2020, 5:44 pm

Another day, another confirmation for little old Betaville.

This time ICG, also known Intermediate Capital Group, sealed the deal to buy a signficant stake in Pageant Media.

Pageant Media is the publisher and owner of Hedge Fund Intelligence and EuroHedge, publications many of Betaville's readers know well...

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Betaville Intelligence

UNCOOKED ALERT: KKR & Co said to ... - Part 3

Tuesday, 11 February 2020, 3:57 pm

So KKR decided to finally make a statement regarding FTSE 100-listed NMC Health. I have pasted it below:

"Kohlberg Kravis Roberts & Co. L.P. ("KKR") notes the announcement yesterday by NMC stating that it has received an approach from KKR regarding a possible offer for NMC.

KKR confirms that it has not made a proposal nor discussed with NMC the terms of any possible offer, and that it does not intend to make an offer for NMC."..

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Betaville Intelligence

UNCOOKED ALERT: KKR & Co said to ...

Friday, 7 February 2020, 8:43 am

KKR, the US-listed private equity investor, is said to be the buy-out firm that has most recently held talks with the NMC Health about purchasing all of the company.

People following the situation said senior financiers at KKR held discussions about a buy-out deal for the whole group with senior executives at NMC Health, the London-listed gulf hospitals operator, in the last two weeks...

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Tags: KKR

Agnelli family said to seek $7 billion exit for reinsurance giant PartnerRe, reveals The Insurance Insider

Wednesday, 5 February 2020, 9:39 pm

The Scor, Covea soap opera took another twist today after Betaville's chums over at The Insurance Insider revealed that Exor is fed up with PartnerRe and is looking to sell out, possibly via a merger with the French mutual.

Below is a link to the super scoop from Adam McNestrie, the Lloyd's of London market's leading M&A scoopster and now boss of the well respected insurance rag...

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Betaville Intelligence

UNCOOKED ALERT: NMC Health said to ... - Part 3

Tuesday, 4 February 2020, 3:03 pm

Private equity firms are said to be circling around NMC Health, the London-listed gulf hospital operator.

People following the situation said several of the world's largest buy-out houses have held talks with executives from NMC Health about a take private of the beleguered company.

However, it's not clear whether a formal written offer has been submitted to NMC Health, which has been the focus of a short selling attack from Carson Block's Muddy Waters...

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What have Unilever and Scor got in common?

Thursday, 30 January 2020, 7:39 pm

The answer to the question I posit in the headline is: a strange attitude to the truth.

Take, for example, French insurance group Scor, which repeatedly denied in August 2018 to enquiring journalists (including yours truly) it held talks with Covea or Partners Re about offers about a deal for the business...

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Betaville Intelligence

UNCOOKED ALERT: Gain Capital said to ... - Part 3

Tuesday, 28 January 2020, 5:32 pm

INTL FCStone Inc, the US-listed commodity trading house, is said to be the mystery acquirer stalking Gain Capital.

People following the situation said INTL FCStone has been sniffing around Gain Capital, the owner of London-based spread betting firm City Index, although it's not clear whether it has submitted a takeover approach for the business...

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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].