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.

Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 36

Saturday, 10 July 2021, 6:07 pm

One of the largest shareholders in Telit Communications is preparing to vote against Dbay's £300 million takeover offer for the Aim-listed 'internet of things' provider.

Betaville understands Oozi Cats, the founder of Telit who still owns around 12pc of the company, isn't going to vote for the sheme of arrangement at next week's shareholder meeting...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 35

Friday, 9 July 2021, 12:01 pm

This morning Dbay Advisers, the activist private equity firm trying to buy Telit Communications, said that Compass Asset Management is no longer supporting its 220p a share offer for the Aim-listed 'internet of things' company.

Dbay added that Compass - a little known fund manager based in Lugano, Switzerland - said it now plans to abstain in voting for the scheme of arrangement next week. Below is the link to the statement:..

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Deals, Deals, Deals ... in a bear market - Part 17

Friday, 9 July 2021, 9:45 am

Dealmaking continues despite skittish stock markets, with Philip Morris International coming over the top for London-listed inhaler group Vectura.

Philip Morris is paying 150p a share for Vectura - that's 14p a share more than what Carlyle offered for the £1 billion company. Below is the link to this morning's announcement...

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Betaville Intelligence

RARE ALERT: Smiths Group said to ... - Part 3

Thursday, 8 July 2021, 10:20 am

Smiths Group, the London-listed engineering conglomerate, is said to have appointed a heavyweight investment bank on the possible sale of its medical division to private equity firm TA Associates.

People following the situation said Smiths Group is working with advisers from Goldman Sachs on the disposal of the medical unit.

Talks between Smiths Group and TA Associates have been rekindled but a deal is by no means a certainty, said people following the situation...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 34

Tuesday, 6 July 2021, 1:17 pm

It sounds like Dbay is a tad worried about a potential interloper coming in for Telit Communications, the Aim-listed 'internet of things' designer.

That's because word reaches Betaville that the activist investor and private equity firm may have struck an agreement with Telit to be able to sell the due dligence it carried out on the company to a rival acquirer should one emerge from the shadows...

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Small cap corner - Mast Energy Developments

Thursday, 1 July 2021, 4:18 pm

Mast Energy Developments has hit the radar as some of Betaville's snouts have suggested this could be a small cap stock that is worth keeping an eye on over the coming weeks and months.

In part, that's because the reserve power provider may be about to land a milestone contract that will generate around £50,000 a month from a business linked to FTSE 100-listed giant National Grid.

Developing.....

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Betaville Intelligence

RARE ALERT: Fletcher King said to ...

Thursday, 1 July 2021, 8:53 am

British property tycoon Elliott Bernerd is circling Fletcher King as part of a move that could see the Aim-listed chartered surveyor combine with Chelsfield.

People following the situation said Mr Bernerd has been holding negotiations with Fletcher King and some of its investors about buying a sizeable shareholding, possibly as much as 29.9pc, in the property company...

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Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 33

Tuesday, 29 June 2021, 3:46 pm

Betaville notes Richard Griffiths, dubbed the "Welsh Wizard" in London's Square Mile, has in recent days been converting his derivative position in Telit Communications into phyiscal equity.

One assumes the canny investor has done this so that he can vote the stock at the upcoming shareholder meeting on whether to accept Dbay's controversial 220p a share offer for the company...

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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].