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.

Fred Done said to have hired Lazard to work on £2.9 billion William Hill counterbid, reports The Sunday Telegraph - Part 2

Monday, 5 October 2020, 12:15 pm

Well, it didn't take long for The Sunday Telegraph's splash story about Fred Done's £2.9 billion counterbid to be quashed.

Rival papers, such as City AM and The Times, are quoting spokespeaople or "people close to the situation" as saying the bookie has no interest in mounting a bid for the whole company. Below are the link:..

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Fred Done said to have hired Lazard to work on a £2.9 billion William Hill counter offer, reports The Sunday Telegraph

Sunday, 4 October 2020, 12:56 pm

There are plenty of interesting stories in the British Sunday newspaper sections today, including Neil Craven's piece on the billionaire Issa brothers and their purchase of retail stalwart Asda. Below is the link to Neil's jackanory, which seems to be getting plenty of air time on Twitter this morning:..

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Sir Martin said to be cooking up a mega deal...

Friday, 2 October 2020, 8:12 am

Tucked away in yesterday's Evening Standard City Spy column is a little diary story about how Sir Martin Sorrell stayed in Belgravia during the summer months of the crisis instead of escaping to "sunnier climes" such as the South of France.

Apparently, according to the item, Sorrell spent most of his time at his central London pad growing and looking after "oranges and lemons" as it has a sun trap.

Really?..

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KKR snaps up 5pc stake in Great Portland Estates

Monday, 28 September 2020, 7:36 am

It would appear KKR's acquistion of a 5.3pc stake in London landlord Great Portland Estates went unnoticed on Friday afternoon following all the excitement around William Hill.

Clearly, the big buyout firms can sense now is a time to snap up bargains even if that does just involve paying £74 million for a (relatively) small stake in a London landlord...

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Credit UBS or is it UBS Credit?

Wednesday, 23 September 2020, 2:27 pm

Two weeks ago 'Inside Paradeplatz' revealed UBS and Credit Suisse held taks about a mega merger. That story was then swiftly followed up by the likes of the venerable Financial Times, suggesting there was something to it. ..

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Betaville Intelligence

RARE ALERT: Rolls-Royce said to ...

Wednesday, 16 September 2020, 3:38 pm

Rolls-Royce Holdings, the UK-listed aerospace and defence group, is said to be in advanced talks to raise up to £2 billion from an equity capital raising.

In July, Rolls-Royce said it is "reviewing a range of potential options to strengthen our balance sheet and position ourselves for the recovery following COVID-19. However, no decisions have been made."..

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Betaville Intelligence

UNCOOKED ALERT: Biogen said to ...

Tuesday, 15 September 2020, 8:06 pm

Alexion Pharmaceuticals Inc, the US-listed biopharmaceutical company, is at the centre of a fresh round of takeover speculation.

Biogen is rumoured to be circling Alexion, said people following the situation.

People following the situation have heard talk Biogen is working with Goldman Sachs on its interest in Alexion. Advisers from Royal Bank of Canada are said to be working with Alexion, said people following the situation...

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Tags: Biogen

Merger Monday is back... - Part 3

Monday, 14 September 2020, 1:37 pm

Just after I hit the publish button Canadian security firm GardaWorld launched a "bear hug" for ailing G4S. It really is Merger Monday!

Anyway, GardaWorld and its private equity backer BC Partners is offering 190p a share for G4S after having several approaches rebuffed.

Now, I call this a "bear hug" because private equity firms don't typically carry out real "hostile" bids because they need to do due diligence to get access to funding/debt/leverage...

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Merger Monday is back...

Monday, 14 September 2020, 8:27 am

Merger Mondays came thick and fast during economic booms but over the last six months they have been rather lacking for obvious reasons.

This morning, though, there are deals - or potential deals - aplenty. They include:

1. SoftBank's sale of Arm to Nvidia for $40 (£30) billion.

2. A potential 'take private' of SoftBank by its management team, as reported by the FT yesterday. Below is the link:..

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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].