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.

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

Thursday, 10 November 2016, 5:46 pm

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...

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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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[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].