Selasa, 10 Mei 2016

Betaville

Betaville


Piper Private Equity said to be in talks to buy Propercorn stake

Posted: 10 May 2016 02:51 AM PDT

It's funny how in dealmaking in certain sector suddenly becomes fashionable. And this week it's popcorn that is en vogue.

Word on the street is that Propercorn has been working with NM Rothschild on a stake sale and is in talks with Piper Equity Partners about a deal.

Reading between the lines, it sounds like a transaction with Piper - which owns upmarket swimwear brand Orlebar Brown and bar group Be at One - or any other private equity firm is by no means a certainty and is still some weeks away from being announced.

Propercorn was founded by entrepreneur Cassandra Stavrou, who this week won the New Generation Award at the Veuve Clicquot Business Woman awards. Here is a link to a Daily Mail article on Cassandra's win:

http://www.dailymail.co.uk/news/article-3581888/Entrepreneur-wins-prestigious-business-award-Propercorn-brand.html

Interest in Propercorn comes as the owners of another popcorn brand weigh options for the business. According to the Kleinman of Sky News, US private equity giant Blackstone is looking at selling its Butterkist popcorn brand out of Tangerine group. Here is the link:

http://news.sky.com/story/1687708/butterkist-owner-to-pass-on-the-popcorn

None of the parties involved would comment.

Navel gazing

Posted: 10 May 2016 02:46 AM PDT

Deal watchers interested in understanding how M&A reporting works might be interested in signing up to an event being held by the Cass Business School's "M&A Research Centre".

The academic institution has lined up the great and the good of M&A reporters past and present to carry out a debate about deal reporting, how this style of journalism has changed in the last few years and how it will change in the future. Here is the link:

http://www.cass.city.ac.uk/research-and-faculty/centres/marc/news-and-events

You may have noticed that little old Betaville doesn't feature on the list esteemed M&A reporters invited to sit on the panel of the breakfast debate despite landing several major M&A scoops, such as the £3.5 billion merger of Carphone Warehouse and Dixons Retail.

I'm presuming my invite got lost in the post...

Quelle Surprise: Chinese group emerges as stake builder in Imagination Technologies

Posted: 09 May 2016 12:34 PM PDT

I see Imagination Technologies has just disclosed that Chinese outfit Tsinghua Unigroup International  has bought a 3pc stake in the chip designer.

Regular readers of little old Betaville should be aware that six months ago I raised the prospect of  mystery Chinese suitor circling Imagination Technologies on Tip TV. In case you don't recall, here are the links:

http://www.tiptv.co.uk/finance/no-fed-action-good-backdrop-for-ma/

and

https://www.youtube.com/watch?v=ffg1XdaaCrw

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