Investment deal for hydro scheme
Scottish landowner Buccleuch secured investment for its Glenmuckloch pumped storage hydro and windfarm project in Dumfries and Galloway.
The backing from Foresight Energy Infrastructure Partners will progress the project at a disused opencast coal mine near Kirkconnel, where a co-located 1,600MW capacity hydro plant and a 33.6MW wind farm will be developed. Advisers included Noble & Co, Pinsent Masons and Anderson Strathern.
Whisky entrepreneur acquires capital merchant
Scotch whisky entrepreneur Iain McClune bought the business that launched his career in the spirits industry.
McClune purchased the firm behind Edinburgh-based whisky merchant Royal Mile Whiskies for an undisclosed sum. He had started as a sales assistant at the retailer in 2006 before founding Perth-based auction platform Whisky Auctioneer in 2013.
The acquisition was made through McClune’s investment company Vintage Saga.
Thornton’s Law, led by head of corporate Chris Allan and Alan Hamilton at Johnston Carmichael, advised on the deal.
Vehicle hire firm bought by global giant
Douglas and Iain Anderson, the joint managing directors of specialist plant hire company GAP Group, sold their separately owned vehicle hire company to international hire giant SIXT.
The business was set up in 2014 to provide commercial and 4×4 vehicle rental from four locations in the UK.
Advisers on the deal included EY, led by partner Ally Scott and a team including Richard Rainey, Kevin Swan and Katie Allison, and Shepherd and Wedderburn, where partner George Frier advised assisted by senior associate Alison Blair and solicitor Euan Small. SIXT were advised by Addleshaw Goddard.
Sustainable fashion platform raises £1.2m
Unfolded, which has developed a platform aimed at reducing waste from the fashion industry, raised £1.2 million in a funding round led by Techstart Ventures with Solid Bond, FJ Labs, Sweetspot Capital, Pareto Holdings, participating alongside angel investors.
Craig Edwards at MBM Commercial advised the Edinburgh-based business which was founded by a team including Cally Russell.
Employees take control of hire firm
Equipment hire company Your Equipment Solutions secured the future of 29 jobs by placing most of the shares into an employee ownership trust (EOT).
The Falkirk-based firm, in its 10th year of operation, recently opened a second branch in Dundee.
Founder David Johnstone was advised by Motherwell-based Turner Accountancy, consultancy Ownership Associates and Douglas Roberts of lawyers Lindsays.