RARE ALERT: Inmarsat said to ... - Part 7
Wednesday, 27 November 2019, 5:30 pm
The Inmarsat takeover saga continues, with the company delaying the Court hearing to sanction the Scheme of Arrangement until next week. Below is the link:
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.
RARE ALERT: Inmarsat said to ... - Part 6
Tuesday, 26 November 2019, 4:17 pm
You don't see this very often: hedge funds coming out publicly against their rivals in support of the board during a row about whether the target company should be a soliciting a higher offer or contigent value rights from its private equity acquirers...
Tags: Inmarsat
China's HNA Group said to rekindle $3 billion Swissport disposal - sources
Monday, 25 November 2019, 10:33 pm
Word reaches Betaville that China's beleguered HNA Group is trying once again to offload Swissport, the airport cargo handling group.
According to sources familiar with the situation, bankers from NM Rothschild and boutique firm Benedetto Gartland & Company have been quietly appointed to find a buyer for Swissport...
Hedge Fund Intelligence-owner said to weigh £100 million sale - sources
Friday, 22 November 2019, 4:59 pm
Here is a story thay may resonate with some Betaville's core readers: Pageant Media, which owns HedgeFund Intelligence, is working with advisers on "strategic options".
Sources close to the situation said Pageant Media, which is controlled by entrepreneur Charles Kerr, is working with advisers from corporate finance firm Livingstone (now part of NM Rothschild), a move that could lead to an eventual sale of the business...
Glencore eyeing £70 billion merger with Rio Tinto, suggests Australian Financial Review's Street Talk column - Part 2
Thursday, 21 November 2019, 11:28 am
Apologies loyal readers. It seems Betaville might have got slightly the wrong end of the stick when noting the Australian Financial Review's piece about the Glencore / Rio Tinto merger talk.
It would appear the AFR's Street Talk column is in fact suggesting Rio Tinto is looking at taking a run at Glencore and combination is more likely to lead to an £80 billion market capitalisation company. Below is the link to the AFR's piece:..
RARE ALERT: Inmarsat said to ... - Part 5
Wednesday, 20 November 2019, 4:21 pm
Inmarsat's board is facing another shareholder backlash after it emerged that investors controlling 17pc of the company have written to the FTSE 250-listed business, arguing it should delay the sale of the business or even appoint an independent financial adviser to review the £2.6 billion takeover offer from Apax and Warburg Pincus amid questions about a "conflict of interest"...
Tags: Inmarsat
Glencore eyeing £70 billion merger with Rio Tinto, suggests Australian Financial Review's Street Talk column
Tuesday, 19 November 2019, 9:58 pm
Tongues are wagging down under about the prospect of Ivan Glasenberg taking another run at Rio Tinto.
The Australian Financial Review has led the well-respected Street Talk column with the merger rumour after Glencore boss Ivan Glasenberg and Steve Kamlin, the company's CFO, recently travelled to Australia. Below is a the link to the recent AFR piece:..
UNCOOKED ALERT: Worldline said to .....
Tuesday, 19 November 2019, 3:30 pm
UNCOOKED ALERT: Hurricane Energy said to ... - Part 3
Tuesday, 19 November 2019, 7:43 am
The timing of Hurricane Energy's latest RNS announcement - https://www.investegate.co.uk/hurricane-energy-plc--hur-/rns/-warwick-west--204-30b-4-well-update/201911190700068153T/ - regarding its Warwick West well is intriguing.
Why?..
Tags: Hurricane Energy
RARE ALERT: Capital & Counties said to ... - part 14
Monday, 18 November 2019, 9:28 am
Oh look - I see Capital & Counties late last week confirmed Betaville's part 13 and part 14 RARE Alerts about the imminent sale of Earls Court to Jamie Ritblat's Delancey. Below is a link to the announcement:..
Tags: Capital & Counties
RARE ALERT: Capital & Counties said to ... - part 13
Friday, 15 November 2019, 10:57 am
Capital & Counties, the London-listed property company, is on the verge of announcing a sale of its Earls Court site to Delancey for £370 million but has received an eleventh hour £100 million higher offer from a mystery consortium backed by the Hong Kong-based Kwok family...
Tags: Capital & Counties
Labour eye BT Group nationalisation, according to Yahoo Finance - Part 2
Friday, 15 November 2019, 7:40 am
So, it would appear Ben Gartside of Yahoo Finance was barking up the right tree when he dug out a rather good scoop in July about Labour looking to nationalise BT Group.
Below is the link to his great story:
https://www.betaville.co.uk/news/labour-eye-bt-group-nationalisation-according-to-y/..
RARE ALERT: Capital & Counties said to ... - part 12
Thursday, 14 November 2019, 1:49 pm
Capital & Counties, the London-listed property company, is said to be close to striking a deal to sell some or all of the business.
People following the situation said an anouncement about a transaction could be made in the next few days although it isn't clear whether the deal is just for company's troubled Earls Court site in London or the whole company, which includes Covent Garden...
Tags: Capital & Counties
RARE ALERT: Alba Mineral Resources said to be working on equity placing - sources - Part 2
Thursday, 14 November 2019, 8:35 am
It's been a busy few days at Betaville towers, so I completely missed the fact that Alba Mineral Resources confirmed last week's RARE Alert about a potential placing just a few hours after this website published the piece.
Below is a link to the confirmation from Alba Mineral Resources:..
Tags: Alba Mineral Resources
UNCOOKED ALERT: Subsea 7 SA said to .....
Thursday, 14 November 2019, 8:06 am
ECI Partners kicks off wave of exits; ATG, Investis Digital and Encore all said to be up for grabs...
Wednesday, 13 November 2019, 5:55 pm
It's pretty quiet in UK private equity land at the moment. No surprises there given the fact there is a general election coming up in a month in what is likely to be one of the most unpredictable votes of all time despite what the polls say. Remember, the polls got it completely wrong in 2015.
So, several London-based buy-out heads have told Betaville they are sitting on there on hands at the moment, waiting to see what the outcome of the election is...
Tech giant behind Google sues London cabbie for calling his firm "Goooglie", according to Bloomie
Tuesday, 12 November 2019, 4:46 pm
Sifting through content on Bloomberg can be a depressing for Betaville. That's because I often encounter a scoop I missed, yet another piece about London house prices or a review of an expensive restaurant I can't afford...
UNCOOKED ALERT: Saga said to .....
Tuesday, 12 November 2019, 2:43 pm
Tchenguiz buys 9pc of Urban Exposure PLC - Part 3
Monday, 11 November 2019, 7:04 pm
The frothiness continues unabated with KKR coming forward to submit a formal takover proposal for Walgreens Boots Alliance. Click on the link to the Financial Times piece below for the latest on the deal:
https://www.ft.com/content/9824af60-049d-11ea-a984-fbbacad9e7dd
Now Betaville was a bit sceptical that a $70 billion leveraged buy-out of Walgreens Boots Alliance would actually happen...
UNCOOKED ALERT: Hurricane Energy said to ... - Part 2
Friday, 8 November 2019, 7:09 pm
I see Hurricane Energy has made a statement following this morning's UNCOOKED Alert about the large find at the company's Warwick West in the North Sea. Below is the link:
Tags: Hurricane Energy
[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].