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.

HarbourVest said to be sniffing around EMI Music Publishing - sources

Wednesday, 5 October 2016, 6:29 pm

US private equity group HarbourVest is weighing the purchase of a stake in EMI Music Publishing, the company that controls the rights to some of the world's best known bands such as the Black Eyed Peas.

Excellent City sources have told little old Betaville that HarbourVest has been talking to some of EMI Music Publishing's shareholders about buying a shareholding in the music publishing business. ..

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Apollo poised to purchase stake in Lloyd's of London underwriter Ariel Re, according to The Insurance Insider

Wednesday, 5 October 2016, 5:22 pm

Some dealmakers I talk to are rather glum. That's because there has been quite a bit of talk of a post summer slowdown in M&A.

However, one sector that is red hot at the moment is insurance. This week alone there have been several major transactions announced, including Sompo's £5.3 billion takeover of Endurance and NN Group's EURO 2.4 billion bid for Delta Lloyd...

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ITV dumps the jolly nice chaps and chapettes at JP Morgan - sources

Tuesday, 4 October 2016, 6:04 pm

The corporate broking merry-go-round continues unabated in the City of London.

I'm told ITV has just got rid of JP Morgan and replaced its longstanding corporate broker, formerly known as JP Morgan Cazenove, with Citigroup. Citigroup corporate brokers are now working for ITV alongside Credit Suisse, according to people familiar with the matter...

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0 comments | Tags: betaville, ITV, JP Morgan

Back on Tip TV talking about Henderson Group, Molson Coors and Illumina

Monday, 3 October 2016, 1:48 pm

I have pasted a link to today's Tip TV session below for avid followers who failed to tune in for this morning's banter.

https://www.youtube.com/watch?v=Vp6YxOLwrb8

UPDATE: Apologies - in today's session I refer to the speculation around a potential bid from Roche for Illumina valuing the business at $25 billion but in fact what I meant to say was $35 billion. ..

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Exane BNP Paribas's "rumour du jour": Megabrew - part 2

Friday, 30 September 2016, 9:46 am

It's only been a couple of days since shareholders voted to approve Anheuser-Busch Inbev's $100 billion takeover of FTSE 100-listed SAB Miller but already the market has moved onto pastures new, speculating about the next massive beer deal.

Yesterday, French stockbroker Exane BNP Paribas published a massive note about the latest "rumour du jour" - talk of Heineken, now the world's second largest brewer, having a crack at purchasing US-listed Molson Coors...

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Lord Mayor setback for Sir Paul - part 3

Thursday, 29 September 2016, 2:56 pm

So, yesterday's tale about Sir Paul Judge missing out on the Lord Mayor of London role, again, was bang on the money as the City of London Corporation has just made a formal announcement about the next Lord Mayor, which I have pasted below...

News Release

City of London Corporation

29 September 2016

FOR IMMEDIATE RELEASE

NEW CITY LORD MAYOR ELECTED

..

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A wrinkle

Tuesday, 27 September 2016, 10:23 pm

It would appear one of the world's most powerful investment banks has landed a role on the Reuben Brothers' £5.2 billion sale of data storage company Global Switch to a group of Chinese investors.

Top sources have told little old Betaville Goldman Sachs has picked up a mandate advising on the deal, first revealed in the The Sunday Times a month or so ago...

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Chinese circle Fingerprint Cards - sources

Wednesday, 21 September 2016, 5:11 pm

Another day, another attempt by a Chinese company to buy a western business. This time the potential target is Fingerprint Cards, the Swedish biometric technology business.

According to three sources familiar with the situation, a Chinese company approached Fingerprint Cards this summer about a potential takeover deal that is likely to value the Gothenburg-based business at well over its current market capitalisation of SEK 33 billion (£3 billion)...

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Is there a row brewing over the SAB Miller vote? - part 2

Tuesday, 20 September 2016, 11:07 pm

This piece (click on the link below) from the Wall Street Journal on the upcoming vote on the £75 billion SAB Miller deal is eerily similar to a piece I wrote on little old Betaville a few weeks ago.

Here is the link to the Wall Street Journal article:

http://www.wsj.com/articles/hedge-funds-complicate-sabmiller-vote-1474390913..

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Flag pole alert - the series returns

Tuesday, 20 September 2016, 4:40 pm

Apparently, Japan Tobacco are in London town this week for a "presentation". This has set a few tongues wagging. However, from what I understand the Japanese ciggie giant is here to talk to investors i.e. they are in town for an investor roadshow.

Still, I'm re-introducing Betaville's flag pole series in case there is more to it. For readers who don't recall, I have pasted a few links of past flag pole stories...

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Mediclinic said to weigh £1.8 billion plus takeover bid for Spire Healthcare

Friday, 16 September 2016, 11:03 am

Mediclinic is preparing to bid for Spire Healthcare, the FTSE 250 company that was formed from the sale of BUPA hospitals.

According to excellent sources, Mediclinic is working with bankers from Morgan Stanley on the potential purchase of the remainder of Spire that it doesn't own (remember last year Mediclinic bought 29.9pc of Spire Healthcare for 360p a share)...

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RARE ALERT: HM Treasury said to be weighing major changes to property taxes; may even abolish stamp duty

Thursday, 15 September 2016, 6:38 pm

It's not often little old Betaville comes up with the RARE about politics and Government policy (people who know me well know that I'm more of a corporate reporter) but I stumbled upon some policy RARE earlier this week that, if true, will have major implications for home owners, estate agents, housebuilders and, I guess, the British economy...

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SFO battered - again...

Tuesday, 13 September 2016, 3:08 pm

The Serious Fraud Office is once again coming under fire.

This time the business section of The Times splashed on an intriguing tale from Katherine Griffiths - a former colleague from my time at The Daily Telegraph and now Banking Editor at The Times - about how the SFO has, so far, failed to go after the "higher ups" involved in the whole Libor fixing affair.

Here is a link a to Katherine's excellent piece, which is well worth a read:..

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