Back on Tip TV talking about Aberdeen, Legal & General and Shire

Sorry for the delay but here is a link to this morning's session on Tip TV.

http://www.tiptv.co.uk/finance/wouldnt-rule-out-ma-possibility-for-aberdeen-assets-vw-selling-its-stake-in-porsche/

Weekend review

It's always good to see little old Betaville's stories backed up by prestigious national newspapers.

Regular readers might be aware that a couple of weeks ago I wrote a piece about how FTSE 100-listed insurer Legal & General had hired specialist advisory firm Campbell Lutyens to divest its private equity arm, LGV Capital, and the buy-out group's stakes in portfolio companies, such as Snow + Rock.

Legal & General hires Campbell Lutyens to sell LGV Capital portfolio; deal close to completion

It sounds like FTSE 100 insurer Legal & General is on the verge of selling its private equity arm and stakes in several well-known retail outfits, such as outdoor clothing retailer Snow + Rock and bar chain Tiger Tiger.

Two years ago, Legal & General shocked the private equity market when it emerged the insurer decided it was not going to provide any more funding to LGV Capital, which was founded in 1986 and is one of Britain's oldest private equity firms. Here is a link to an article in The Sunday Times on the topic: