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.

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...

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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:..

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Betaville Intelligence

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"...

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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:..

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Betaville Intelligence

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...

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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...

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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...

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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].