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 benharringtonw11@gmail.com.

Revealed: secret name of consortium preparing £12 billion bid for National Grid distribution business - sources

Sunday, 30 October 2016, 1:22 pm

The £12 billion auction for National Grid's distribution business is hotting up and top M&A reporters are breaking stories left, right and centre.

Last week, for example, the Kleinmanator of Sky News published a good scoopette about how Hermes had joined a consortium of investors led by CIC, the Chinese state's sovereign wealth fund. Here is a link to Mark's piece:..

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Coach said to be working with Evercore on possible $20 billion Burberry merger - sources

Friday, 21 October 2016, 11:07 pm

US retailer Coach is working with corporate financiers on a potential combination with Burberry to create a $20 billion luxury clothing giant, according to two sources familiar with the situation.

Coach has been talking to financial advisers from Evercore for several weeks about the potential deal, according to two sources familiar with the situation...

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0 comments | Tags: betaville, Coach, Blackstone, Burberry

British American Tobacco confirms Reynolds American scoops (s?) - part 2

Friday, 21 October 2016, 10:56 am

On second thoughts perhaps Jonthan Leinster, a scribbler over stockbroker Berenberg, should claim the this morning's BAT / Reynolds scoop. At 6:00 am this morning (so before the market had open) the analyst, who upgraded BAT to "buy", published a note raising the prospect of the London-listed tobacco giant buying the remaining 58pc of Reynolds that it doesn't own. I have pasted the salient paragraph below:..

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British American Tobacco confirms Reynolds American scoop (s?)

Friday, 21 October 2016, 8:04 am

It's taken two years but British American Tobacco has finally got round to confirming a piece I wrote in the The Times a couple years ago about the giant cigarette group hiring Deutsche Bank alongside UBS with a view to making a $47 billion bid for Reynolds American.

http://www.thetimes.co.uk/tto/business/industries/consumer/article4086903.ece..

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RARE ALERT: Meritage Homes Corporation said to be targeting William Lyon Homes; President and CEO says "no deal"

Thursday, 20 October 2016, 11:49 pm

It's been a while since I aired some random RARE on Betaville but I came across an intriguing tale that I thought might be of interest to readers, especially those on the other side of the Atlantic.

Word is US housebuilder Meritage Homes Corporation has been working with investment bankers on a takeover of smaller rival William Lyon Homes...

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Spotted: Lord O'Neill of Gatley

Wednesday, 19 October 2016, 7:26 am

I saw Lord O'Neill of Gatley, also known as Jim O'Neill, out of the corner of my eye whilst little old Betaville was at an informal meeting at the uber-suave Dover Street Arts Club (in Mayfair, London) yesterday afternoon.

Baron O'Neill, an economist, is the former head of Goldman Sachs Asset Management, former Conservative government minister and once helped lead the Red Knights' takeover bid for Manchester United Football Club...

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Blair banker joins former Republican presidential candidate's private equity firm - sources - part 2

Friday, 14 October 2016, 7:41 am

I guess Mark Kleinman's piece yesterday about David Cameron, former British Prime Minister, carrying out a speach for private equity firm Bain Capital just goes to show the buy-out house doesn't care which side of the politcal divide you come from. In case you missed it, here is a link to Kleinman's piece published by Sky News:..

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Mack-Smith splurges on wild dinner - sauces

Tuesday, 11 October 2016, 10:58 pm

As usual, there were plenty of high-flying City types that bid for all sorts of prizes at last week's annual Countryside Alliance "wine auction" dinner held at the Victoria & Albert Museum in London a week ago.

Those in attendance included billionaire duty free tycoon Bob Miller, Gulf dealmaker Amanda Staveley and Bank of America Merrill Lynch financier Simon MacKenzie-Smith...

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Shire said to edge closer to Radius deal - sources

Tuesday, 11 October 2016, 12:07 am

Shire is closing in on a multi-billion dollar takeover of US-listed Radius Health, a company that specialises in developing treatments for people with osteoporosis.

To be fair, rumours about Shire's interest in Radius are not particularly new. Talk of Shire pouncing on Radius, which currently has a market capitalisation of $2.2 billion, has been doing the rounds over the last twelve months...

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0 comments | Tags: betaville, Radius, Shire, Pfizer, Amgen

Blair banker joins former Republican presidential candidate's private equity firm - sources

Monday, 10 October 2016, 4:48 pm

Remember Russell Chambers?

In case you don't, let me remind you. Russell is the smooth-talking Credit Suisse investment banker who hit the headlines in the early Noughties after he invited Tony Blair onto his boat in Barbados and lent the former British Prime Minister some swim shorts. Here is a link to a piece on the topic:..

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Brokers tip fresh Bpost and Post NL merger talks in 2017

Thursday, 6 October 2016, 8:58 pm

I see ING is airing a similar line to the one I mentioned on Tip TV earlier this week about Bpost's lingering enthusiasm for a takeover of Dutch group Post NL.

In case you don't recall, Belgian mail group Bpost and Holland's Post NL held merger talks in May this year but the deal fell over after it "leaked" in the local press. Bloody journos!..

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0 comments | Tags: betaville, BP Post, Post NL

[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].