Robert Montague hasn't featured in British business sections for quite some time. Perhaps, though, that's a good thing for him because the last time the entrepreneur hit the headlines the company he built into a FTSE 100 business - Tiphook, a container and truck leasing business - was imploding and Montague was declared bankrupt with personal debts of £30 million...
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 email@example.com.
RARE ALERT: HM Treasury said to be weighing major changes to property tax; may even abolish stamp duty - part 4
Today's Autumn statement from Philip Hammond confirms my Tory banker chums were bang on the money about the Chancellor of the Exchequer's move to keep the current stamp duty regime in place...
Remember J.C. Flowers & Co?..
Below is what the charming Crispin Odey wrote in his latest report to investors.
It's rather short (typically his missives are at least a 1000 words longer) and somewhat abstract. I guess that's what happens when you have a terrible year (last time I checked poor old Crispin was down around 43pc year to date)...
It wasn't just Zak interviewing me today on Tip TV...
Click on the link below to watch today's Tip TV session:
This isn't earth shattering news but probably interesting for deal watchers in Britain's retail sector.
This week I learned that UK-based private equity firm Bridgepoint has hired investment bankers from Baird to work on a secret project for Hobbycraft, one of Britain's largest arts and craft retailers. Banking sources claimed to me that Baird had been appointed to carry out a strategic review (banker parlance for sale) of Hobbycraft...
I note Bloomberg earlier this week published a tale about Mediclinic taking a look at Amana Healthcare, a private medical-care provider in the United Arab Emirates. According to the newswire service, Amana has hired Bank of America Merrill Lynch to explore a sale that may value the company at $400 million...
RARE ALERT: HM Treasury said to be weighing major changes to property tax; may even abolish stamp duty - part 3
I see my former employer, The Daily Telegraph, has picked up on a theme little old Betaville has been writing about for the last month or so. Today, the venerable newspaper splashed the main book on a campaigning piece - dubbed 'Stamp duty' - advocating major changes to the tax (for readers outside of the UK you have to pay stamp duty when you purchase a property). Here is a link to the The Daily Telegraph's splash story:..
It's a Monday and Zak was in the mood to talk about politics. I tried, though, to keep it corporate. Here is a link to today's session:
Little old Betaville has been running now for a couple of years and has developed a bit of a following in the City. And some readers are now even offering to write pieces for little old Betaville.
So, as a bit of an experiment, below is a contribution from a certain “Mr Shears”. I hope you enjoy it as much as I did.
A contribution from Mr Shears:
There’s many a slip twixt cup and lip, as my old boss used to say...
Reuters landed a good story earlier this week about a US biopharmaceutical company called Merrimack Pharmaceuticals carrying out a "strategic review" (banker parlance for a sale or sale of assets). Here is a link to the Reuters piece:
Upmarket caterer Rhubarb close to £100 million sale; Bregal Freshstream and Graphite Capital said to be some of the buy-out firms participating in second round
I realise Trump is the only major news story in town at the moment but here's a little tale for the mid-market dealmaking village back in Blighty.
Word is private equity firm ECI is closing in on a £100 million sale of upmarket caterer Rhubarb, which has contracts with the Royal Albert Hall and Goodwood Estate...
Little old Betaville was greeted with rather pleasant news this evening after he returned from a session in the pub with a few ex-Telegraph chums.
One of little old Betaville's American scoopettes was effectively confirmed after the US market closed yesterday...
I see Bpost has finally submitted a formal offer for Post NL, essentially confirming the tale I mentioned on Tip TV a few weeks ago.
Here is a link to that Tip TV session - https://www.youtube.com/watch?v=Vp6YxOLwrb8#sthash.avKgWIXv.dpuf..
It's a Monday, so here is a link to today's Tip TV session with the eloquent Mr Mir.
One of Britain’s largest chain of vets could be about to change hands for around £350 million.
[insert picture of a cuddly dog or cat here]
City sources said Summit Partners, the US-based private equity owner of Independent Vetcare (IVC), has been talking to corporate finance types about a sale of the business...
RARE ALERT: HM said to be weighing major changes to property taxes; may even abolish stamp duty - part 2
Several London-based Betavillers were rather interested in my RARE alert a few weeks ago about HM Treasury's potential changes to stamp duty.
And here is the confirmation from Bpost:
Press release, 02/11/2016..
Lowland hacks over at Het Financieele Dagblad and De Tijd and have just landed cracking tales about Bpost preparing a fresh EURO 2 billion plus takeover bid for Post NL. Below is the link to their jackanories:
Here is a link to today's Tip TV session with the mischevious Zak Mir.
[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].