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.

Why is Moelis & Co the sole adviser to the Hong Kong exchange on its £32 billion bid for the LSE? - Part 3

Monday, 23 September 2019, 4:08 pm

This piece - https://www.telegraph.co.uk/business/2019/09/21/hong-kong-enlists-help-banking-heavyweights-win-london-stock/ - in the Sunday Telegraph's business section about Hong Kong Exchange and Clearing hiring HSBC to bolster to its bid for the London Stock Exchange caught Betaville's eye...

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Betaville Intelligence

RARE ALERT: Capital & Counties said to ... - Part 6

Friday, 20 September 2019, 2:14 pm

Capital & Counties, the UK-listed property company, has taken three companies interested in acquiring its Earls Court scheme into a final bidding round but predators interested in purchasing the whole company are starting to circle the business again.

Capital & Counties is in the process of demerging its assets in Covent Garden, London from the redevelopment scheme in Earls Court, London, into two separately listed businesses...

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Thomas Cook on the brink (of collapse), according to the Daily Mail

Friday, 20 September 2019, 9:17 am

Betaville doesn't enjoy seeing any company collapse into administration but I note the fact that the Daily Mail and others are now reporting that Thomas Cook is on the verge of going under. Below is a link to the Daily Mail piece (which was splashed across the front page of the main book but I think was a follow from the Kleinmanator of Sky News)...

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Betaville Intelligence

WELL-DONE ALERT: FirstGroup said to ...

Thursday, 19 September 2019, 5:27 pm

Robert Tchenguiz, the British property entrepreneur and activist investor, is said to be increasing his stake in FirstGroup, the FTSE 250-listed bus and rail company, to over 4pc.

People familiar with the situation said Tchenguiz, who previously declared he owned 3.2pc of FirstGroup, now owns just over 4.2pc of the bus and rail company, sparking speculation he may ask the company to consider further corporate activity...

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Elevator M&A...

Wednesday, 18 September 2019, 8:27 am

Thank goodness the venerable Financial Times has temporarily lifted its paywall.

It's meant little old Betaville has been able to access a rather interesting piece about the sale of Thyssenkrup's lifts unit, which I have been following with great interest as there have been mutterings about another European lift business being "in play" over the last few weeks...

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Betaville Intelligence

RARE ALERT: ADM Energy said to be close to launching equity fundraising... - Part 2

Wednesday, 11 September 2019, 7:32 am

Another day, another confirmation for little old Betaville's RARE Alerts. This morning, ADM Energy - formerly known as MX Oil - announced an equity fundraising to raise over £800,000 at 7p a share. Below is the link:

https://www.investegate.co.uk/adm-energy-plc--adme-/rns/issue-of-equity-and-conditional-subscription/201909110705018878L/..

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Betaville Intelligence

RARE ALERT: Arthur J Gallagher & Co said to ...

Tuesday, 10 September 2019, 8:45 pm

Arthur J Gallagher & Co, the US-listed insurance broking giant, is negotiations to buy privately-owned Capsicum Re for around £200 million.

People following the situation said Arthur J Gallagher & Co has been holding talks with Graham "Chily" Chilton, the veteran insurance broker and founder of Capsicum Re about buying the business outright...

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Betaville Intelligence

RARE ALERT: ADM Energy said to be close to launching equity fundraising

Monday, 9 September 2019, 5:09 pm

ADM Energy, the Aim-listed oil producer, is looking to raise around £500,000 via an equity fundraising.

People claiming to be familiar with the matter said broker Peel Hunt and a mystery investor are backing the fundraising for the business, which looks for oil off the coast of Nigeria.

Unusually, the new shares will be issued at a premium to the current share price of 6.38p, with one person following the situation suggesting it the fundraising could be priced at 7p...

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Numis founder joins rival broker - sources

Thursday, 5 September 2019, 2:51 pm

The merry-go-round of broking in the City of London, Canary Wharf and Mayfair continues unabated with Oliver Hemsley set to join Zeus Capital.

Hemsley, the son of a Rutland pig farmer, has joined Zeus Capital as a "strategic consultant" and started at the firm this week, according to sources familiar with the matter...

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Quindell bear raider gets hyper bullish on Watchstone

Wednesday, 4 September 2019, 7:07 pm

Simon Cawkwell, the bear raider known as Evil Knievil, has built up a substantial long position in Watchstone and is now claiming it could be worth up to 345p a share.

Now, regular readers might find that a bit surprising given the mischevious shorter was rather bearish on Quindell (Watchstone's former name) before it entered into talks with Slater & Gordon to sell most of the business for £637 million to the Aussie ambulance chasers...

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Betaville Intelligence

WELL-DONE ALERT: Premier Foods said to ...

Tuesday, 3 September 2019, 3:56 pm

Premier Foods, the London-listed food company, has hired advisers from Morgan Stanley to run a sale of all or some of the business.

Sources familiar with the matter said Premier Food's board recently appointed Morgan Stanley alongside D'Angelin & Co, an advisory boutique, to manage the sale of some of the company's flagship brands, such as Mr Kipling cakes...

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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].