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.
So, Jupiter shares surged 8.3pc to close at 429.9p following today's announcements.
Clearly, the market is willing to look past mediocre results if you have a deal up your sleave.
I suspect that will encourage other asset managers to carry out similar measures.....
This weekend's M&A scoop about Jupiter buying Richard Buxton's fund manager Merian from private equity group TA Associates was confirmed by both companies this morning. See the link below:
https://www.investegate.co.uk/jupiter-fund-mgmt--jup-/rns/acquisition/202002170700101791D/..
Smoothy chops uber banker Andrea Orcel has lost his criminal case against Spanish bank Santander. Below is a link to the FT piece on the topic:
https://www.ft.com/content/b8d88544-4f32-11ea-95a0-43d18ec715f5..
The confirmations are coming thick and fast for Betaville at the moment.
Last October this website identified that Germany's RIB Software was a takeover target for a mystery predator via a Betaville Intelligence alert. See the link below:
https://www.betaville.co.uk/betaville-intelligence/uncooked-alert-rib-software-said-to/..
Another day, another confirmation for little old Betaville.
This time ICG, also known Intermediate Capital Group, sealed the deal to buy a signficant stake in Pageant Media.
Pageant Media is the publisher and owner of Hedge Fund Intelligence and EuroHedge, publications many of Betaville's readers know well...
So KKR decided to finally make a statement regarding FTSE 100-listed NMC Health. I have pasted it below:
"Kohlberg Kravis Roberts & Co. L.P. ("KKR") notes the announcement yesterday by NMC stating that it has received an approach from KKR regarding a possible offer for NMC.
KKR confirms that it has not made a proposal nor discussed with NMC the terms of any possible offer, and that it does not intend to make an offer for NMC."..
I see Reuters is reporting that China's HNA is looking to rekindle a sale of Swissport International, the baggage handling group. Below is a link to media group's story.
Sometimes I wonder whether it's all worth it; this M&A reporting lark. Even when you break a great story, people hand out stick for one reason or another.
Anyway, in case you missed the news today NMC Health confirmed last week and weekend's tales about private equity interest, namely KKR, in NMC Health.
Below is the link: ..
Adam McNestrie of The Insurance Insider last night dug out a great follow up to last week's humdinger about PartnerRe being up for sale.
The publication reports that:..
KKR, the US-listed private equity investor, is said to be the buy-out firm that has most recently held talks with the NMC Health about purchasing all of the company.
People following the situation said senior financiers at KKR held discussions about a buy-out deal for the whole group with senior executives at NMC Health, the London-listed gulf hospitals operator, in the last two weeks...
The Scor, Covea soap opera took another twist today after Betaville's chums over at The Insurance Insider revealed that Exor is fed up with PartnerRe and is looking to sell out, possibly via a merger with the French mutual.
Below is a link to the super scoop from Adam McNestrie, the Lloyd's of London market's leading M&A scoopster and now boss of the well respected insurance rag...
Private equity firms are said to be circling around NMC Health, the London-listed gulf hospital operator.
People following the situation said several of the world's largest buy-out houses have held talks with executives from NMC Health about a take private of the beleguered company.
However, it's not clear whether a formal written offer has been submitted to NMC Health, which has been the focus of a short selling attack from Carson Block's Muddy Waters...
Oh look - I see Worldline has finally confirmed the takeover of Ingenico. Below is a link to the confirmation:
A private equity firm is in the early stages of evaluating a take-private of Nokian Renkaat, the Finnish tyre maker.
People familiar with the situation said senior dealmakers at Apollo's European headquarters are currently studying a takeover of Nokian Renkaat, also known as Nokian Tyres...
The answer to the question I posit in the headline is: a strange attitude to the truth.
Take, for example, French insurance group Scor, which repeatedly denied in August 2018 to enquiring journalists (including yours truly) it held talks with Covea or Partners Re about offers about a deal for the business...
Goldman Sachs is pushing French digital payments company Worldline because the broker believes it will benefit from being a conslidator in 2020.
Below is some blurb from scribblers at Goldman Sachs who have published a large tome on the European payments sector...
INTL FCStone Inc, the US-listed commodity trading house, is said to be the mystery acquirer stalking Gain Capital.
People following the situation said INTL FCStone has been sniffing around Gain Capital, the owner of London-based spread betting firm City Index, although it's not clear whether it has submitted a takeover approach for the business...
There he is again. William Turvill, also known as the Genteel Hustler from his days working on the Mail on Sunday's business desk, turned up yesterday with another by-line in his former employer's publication.
The Huster's piece is not quite an interview with Megan Markle herself but rather a mini-profile/interview with a "friend" of hers - Beth Herlihy. Below is the link: ..
Scribblers at the venerable Wall Street Journal just landed a corker of a scoop about Mike Ashley's football (soccer) club.
According to the excellent newspaper, Saudi Arabia's Public Investment Fund is backing another tilt at Newcastle United, the Premier League football club owned by the boss of Sports Direct...
[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].