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.
Friday, 30 July 2021, 1:56 pm
Old Kleiny of Sky News has just delivered a follow up to yesterday's scoop on the Keepmoat deal.
Indeed, Mark appears to have rustled a couple of other names involved in the process. They are: Aermont Capital and Patron Capital, two less well known faceless private equity firms. Below is a link to the Kleinmanator's tale:..
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Thursday, 29 July 2021, 7:55 pm
You would think bidding for supermarket giant WM Morrison would be enough to keep the uber Wall Street dealmakers at Apollo occupied for a few months.
But Betaville's moles have revealed that Apollo, set up by controversial American financier Leon Black, is also in the running to buy Keepmoat, the homebuilder that sponsors Doncaster Rovers...
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Betaville IntelligenceWednesday, 28 July 2021, 9:02 am
U-blox, the Switzerland-based semiconductor group, is said to have made a last-minute takeover approach to Telit Communications.
People following the situation said U-blox has submitted a fresh offer for Telit valuing the company at 260p a share in cash.
It's believed U-blox's offer is dependent on the the Swiss company getting approval from its own investors to raise the cash via an equity capital raising, said people following the situation...
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Exclusive to Betaville Intelligence subscribersTuesday, 27 July 2021, 8:22 pm
Tuesday, 27 July 2021, 8:09 pm
Another day, another private equity bid rumour for a London-listed company.
This evening Tom Howard of The Times is reporting that Meggitt has received a takeover approach from a mystery private equity firm. Below is a link to Howard's market report column with the rumour:..
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Betaville IntelligenceTuesday, 27 July 2021, 1:18 pm
Oh look - Carrier Global Corporation has finally completed and confirmed Betaville's RARE Alerts from earlier this year about a sale of its massive Chubb Fire & Safety unit.
The US-listed industrial giant is selling Chubb Fire & Safety to APi Group Corporation for $3.1 billion. Below is the link to the press release:..
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Betaville IntelligenceMonday, 26 July 2021, 8:55 pm
The Telit Communications takeover saga is poised to draw to a close this week thanks to the hedge funds that recently bought up almost 8pc of the 'internet of things' company...
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Betaville IntelligenceFriday, 23 July 2021, 9:49 am
Loyal readers of little old Betaville won't be too surprised to read this morning that Ultra Electronics is in talks to be bought by Advent International-backed Cobham for over £2 billion.
That's because this website consistently highlighted the prospect of a deal through a series of UNCOOKED Alerts published over the last few weeks before the release of any announcements of news reports. Below are the links in case you have forgotten:..
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Betaville IntelligenceThursday, 22 July 2021, 11:01 am
One of Telit Communications largest shareholders plans to vote against Dbay's revised £320 million offer for the company.
This week Dbay increased its offer for Telit to 229.5p a share after delaying last week's shareholder vote when it became clear the private equity fund wouldn't have enough support to approve the scheme of arrangement to take the company private at the previously recommended 220p a share...
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Exclusive to Betaville Intelligence subscribersWednesday, 21 July 2021, 3:32 pm
Betaville IntelligenceTuesday, 20 July 2021, 5:07 pm
Betaville notes activist private equity firm Dbay Advisers has just increased its offer for Aim-listed "internet of things company" Telit Communications by another £20 million.
Dbay is now offering 229.5p a share for Telit and also made it "final". The move comes after it became clear investors weren't going to back the last scheme of arrangement vote. Below is the link to the deal announcement:..
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Monday, 19 July 2021, 11:43 am
Stockmarkets took a big dive this morning but the takeover deals just keep on coming.
The latest in the London-market is a 513p a share or £900 million takeover of Sumo Digital, the video games developer, by Tencent, the Chinese technology behemoth. Below is a link to this morning's announcement:..
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Betaville IntelligenceFriday, 16 July 2021, 2:37 pm
I see GCP Student Living has finally a recommended a £1 billion takeover offer from Scape Living and iQSA. Below is a link to the announcement.
https://www.investegate.co.uk/iqsa-holdco-limited/rns/recommended-cash-offer-for-gcp-student-living-plc/202107161340405200F/..
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Exclusive to Betaville Intelligence subscribersFriday, 16 July 2021, 8:38 am
Thursday, 15 July 2021, 4:38 pm
It took a while but scribblers at some of the City of London's top brokers have finally figured out there is a merger & acquisition boom taking place in Britain.
So now every stock market broker is punting a list of takeover tips, with the chaps and chapettes at Canaccord Genuity the latest bunch to draw up a list of bid targets...
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Wednesday, 14 July 2021, 8:14 pm
Rivals at the venerable Wall Street Journal have just popped up with a jumbo takeover scoop - and this time it involves a trade buyer launching a bid rather than a private equity firm.
According to the WSJ, NortonLifeLock Inc is in talks to buy London-listed Avast, which makes free and premium security software. Below is the link to the WSJ takeover tale:..
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Betaville IntelligenceWednesday, 14 July 2021, 9:43 am
The shareholder meetings to approve Dbay's 220p a share offer for Telit Communications have been delayed. Why isn't that a surprise! Below is the link to this morning's press release:
https://www.investegate.co.uk/telit-communications--tcm-/rns/adjournment-and-reconvening-of-court-and-gm/202107140714441428F/..
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Betaville IntelligenceTuesday, 13 July 2021, 3:58 pm
TDR Capital is said to be the private equity firm that has been circling Redde Northgate, the London-listed vehicle management company.
People following the situation said that TDR Capital is rumoured to have approached Redde Northgate about buying the business for 475p a share.
However, it's believed the approach may have been rebuffed because the company and some of the group's shareholders won't accept less than 500p a share...
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Betaville IntelligenceTuesday, 13 July 2021, 10:44 am
Redde Northgate, London-listed the vehicle rental and accident management company, is at the centre of intense takeover speculation.
People following the situation said Redde Northgate has received an approach for the whole company.
The approach is said to have come from a private equity firm, said people following the situation...
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Betaville IntelligenceMonday, 12 July 2021, 4:50 pm
It turns out old Richard, the "Welsh Wizard", Griffiths now has 9.55pc of Telit Communications and plans to vote for the 220p a share offer from Dbay Advisors this week.
Well, that's according to a statement released by Dbay at lunchtime today. 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].