Train'd Up Railway Resourcing Ltd, Stirling

Date of deal: 01/06/2025

Acquisition of Train'd Up Railway Resourcing Ltd by Chiltern Capital

Business Services

Legal Advisors Grant Thornton
Corporate Finance Grant Thornton

Dougall Baillie Associates Limited, East Kilbride

Date of deal: 05-06-2025

Management Buy-Out of the entire issued share capital of Dougall Baillie Associates Limited

Construction

Legal Advisors Bellwether Green Limited (v) McKee Campbell Morrison (p)
Corporate Finance Johnston Carmichael (v)

Train’d Up Railway Resourcing Limited, Stirling

Date of deal: 11-06-2025

Chiltern has backed the MBO of Train’d Up from the founding shareholders by the executive management team. The founding shareholders were advised by EY CF who originated the deal and managed the transaction through to completion.

EdTech

Legal Advisors Brodies (V), Capital Law (B)
Corporate Finance EY (V)
Investors / Lenders Chiltern Capital

Loch Lomond Distillers Limited, Alexandria

Date of deal: 14-05-2025

Investment by Loch Lomond Distillers Limited in New York Distilling Company, LLC

Food & Drink

Legal Advisors Vialex for Loch Lomond, Berkowitz, Trager & Trager, LLC for NYDC

Loch Lomond Distillers Limited, Alexandria

Date of deal: 14-05-2025

Investment by Loch Lomond Distillers Limited in New York Distilling Company, LLC

Food & Drink

Legal Advisors Vialex for Loch Lomond, Berkowitz, Trager & Trager, LLC for NYDC

Tillicoultry Quarries Ltd, Alloa

Date of deal: 30-05-2025

Acquisition of Citrus Investments Ltd and their subsidiary Middleton Aggregates Ltd by Tillicoultry Quarries Ltd

Construction

Legal Advisors Burness Paul, Shepherd and Wedderburn

Scotmas Group Limited, Scotland

Date of deal: 20-12-2024

Equity investment made by IFS Equity LP in Scotmas Group Limited

Other - Technology

Legal Advisors Addleshaw Goddard advised IFS Equity LP

Adept Energy Solutions Ltd, Aberdeen

Date of deal: 30-04-2025

Acquisition of Adept Energy Solutions Ltd by Omnira Software

Software

Corporate Finance Grant Thornton

Pyramid Travel Products, Kelso

Date of deal: 25-03-2025

Buyout of subsidiary company in existing group

Manufacturing

Legal Advisors Davidson Chalmers
Corporate Finance Quest Corporate Ltd
Investors / Lenders HSBC

James Blake & Co (Engineers) Ltd, Edinburgh

Date of deal: 30-03-2025

Growth funding

Construction

Legal Advisors Hood Corporate
Corporate Finance Quest Corporate Ltd
Investors / Lenders FSE Group

Sportspro Ltd, Edinburgh

Date of deal: 30-01-2025

Raised growth capital

Retail

Legal Advisors Lindsays
Corporate Finance Quest Corporate Finance Ltd
Investors / Lenders FSE Group

Scottish Everlasting Ltd, Kirkcaldy

Date of deal: 05-04-2025

Sale of Scottish Company

Manufacturing

Legal Advisors MBM
Accountants Johnston Carmichael
Corporate Finance Quest Corporate Ltd
Investors / Lenders HSBC

Rutland Square Spirits Ltd, Edinburgh

Date of deal: 15-04-2025

21% investment by Dr. Vivek Anand Oberol into Rutland Square Spirits Ltd

Food & Drink

Legal Advisors Shoosmiths
Corporate Finance Quest Corporate Ltd

Aurora Avionics, Edinburgh

Date of deal: 01-04-2025

£500,000 investment from Kelvin Capital, Gabriel and Scottish Enterprise.

Space - Space

Legal Advisors MBM Commercial for Aurora Avionics

Zoex Ltd, Aberdeen

Date of deal: 27-05-2025

Investment

Software

Legal Advisors MBM Commercial for Zoex

H2CHP, Aberdeen

Date of deal: 17-04-2025

£800,000 of investment from TRICAPITAL Angels and Blackfinch Ventures.

Manufacturing

Legal Advisors MBM Commercial for TriCapital

Zenith Structural, Loanhead

Date of deal: 13-05-2025

HIG Capital acquisition of Zenith

Manufacturing

Legal Advisors MBM Commercial for Zenith, McDermott Will & Emery for HIG

NCIMB Ltd, Aberdeen

Date of deal: 29-04-2025

Investment round led by Maven Capital for the Investment Fund for Scotland and Scottish National Investment Bank

Life Sciences

Legal Advisors MBM Commercial
Investors / Lenders Maven Capital; Investment Fund for Scotland

Kee Digital Media Ltd, Glasgow

Date of deal: 10/01/2025

We advised Kee Digital Media Ltd on the transfer of shares to Pixelat Ltd and K Investment Holdings Ltd.

Software

Legal Advisors Harper Macleod LLP

Insignia Technologies Limited, Scottish Enterprise (Glasgow), Equity Gap Limited (Edinburgh), Highland Venture Capital Limited (Dundee), 24 Haymarket Nominees Limited (London), University of Strathclyde (Glasgow)

Date of deal: 30/01/2025

New investment into Insignia Technologies Limited

Software

Legal Advisors Harper Macleod LLP, Edinburgh (Vendor);Wright, Johnston & Mackenzie, Edinburgh (Investor);Burness Paull, Glasgow (Investor)

Nevis Technology Ltd, Dyce

Date of deal: 31/01/2025

We advised Vaisala Ltd on the hive of the business and assets of its subsidiary, Nevis Technology Ltd. This included advising on the hive up agreement, IP assignation and lease assignation.

Software

Legal Advisors Harper Macleod LLP

Richard Carmichael of Carmichael, Law, Lanarkshire

Date of deal: 10/04/2025

Sale of a yard in Law which formed part of a property historically described as the Lands and Barony of Mauldslie in the County of Lanark

Transport

Legal Advisors Lindsays LLP

Garandor Limited, Edinburgh

Date of deal: 09-05-2025

We acted on behalf of Old College Capital LP, the investment arm of the University of Edinburgh, in connection with its equity investment in Garandor Limited. The investment was made alongside Techstart Ventures as part of a wider funding round to support the company's growth and development.

Software

Legal Advisors Brodies for OCC; Tughans LLP for Techstart Ventures; Thorntons LLP for the company

Singular Photonics Limited, Edinburgh

Date of deal: 03-03-2025

We acted on behalf of Old College Capital LP, the investment arm of the University of Edinburgh, in connection with its equity investment in Singular Photonics Limited. The investment was made alongside Scottish Enterprise and Cambridge Angel Investors as part of a wider funding round to support the company's growth and development.

Life Sciences

Legal Advisors Brodies for OCC; Burness Paull for Scottish Enterprise; TLT for the company

Pure Sport Oil Limited, Glasgow

Date of deal: 14/02/2025

Investment from Redrice, FSV and existing shareholders

Retail

Legal Advisors Bird & Bird, London

CSignum Ltd, Bathgate

Date of deal: 15-04-2025

Equity investment by Scottish Enterprise, Archangels, Par Equity and others into CSignum Ltd, the leading provider of wireless technology extending IoT communications beneath the surface.

Infrastructure

Legal Advisors Brodies LLP for Scottish Enterprise; Burness Paull for Par Equity and Archangels; DLA Piper for CSignum
Investors / Lenders Archangels; Par Equity; Scottish Enterprise; British Business Investment (BBI); Raptor Group; Deep Future; SeaAhead's Blue Angel Network

Edinburgh Biosciences Ltd, Edinburgh

Date of deal: 19/02/2025

We advised Zhejiang Boye Biotech Limited on the equity investment by its subsidiary, Innofield Biotechnology Limited, in Edinburgh Biosciences Ltd. This included advising on the investment agreement and the terms of the second closing.

Software

Legal Advisors Harper Macleod LLP, Edinburgh (Investor)

Kee Solicitors Ltd, Glasgow

Date of deal: 07/03/2025

We advised law firm, Kee Solicitors Ltd, on the allotment and issue of shares to a new partner.

Other - Technology

Legal Advisors Harper Macleod LLP

Farrpoint Limited, Edinburgh

Date of deal: 31/03/2025

MBO of Farrpoint Limited

Software

Legal Advisors Harper Macleod LLP, Edinburgh (Seller)

D3 Analytics Limited, Glasgow

Date of deal: 31-03-2025

Investment from Gabriel Investment Syndicate matched by Scottish Enterprise.

Software

Legal Advisors Addleshaw Goddard LLP
Other Advisors Harper Macleod LLP

Cloburn Quarry Company Ltd, Lanark

Date of deal: 06-03-2025

We acted for minority shareholders (holding a 20% stake in the Target) on the sale of Cloburn Quarry Company Limited to WM Hamilton Group Ltd.

Other - Energy

Legal Advisors Brodies LLP (minority seller); Dickson Minto (majority seller); Morton Fraser MacRoberts (buyer)

Parkmead (E&P) Limited; The Parkmead Group plc, Aberdeen

Date of deal: 14-04-2025

We acted for The Parkmead Group plc on its sale of Parkmead (E&P) Limited to Serica Energy plc. This was a very significant transaction for Parkmead as Parkmead (E&P) Limited held Parkmead's offshore oil licences together with its Netherlands onshore gas licences. The Netherlands asset portfolio was excluded from the scope of the transaction and retained by the Group. The transaction therefore involved a pre-completion transfer of the Netherlands licence interests from Parkmead (E&P) Limited to another Parkmead group company.

Upstream Oil & Gas

Legal Advisors Brodies (Sellers); Pinsent Masons (Buyer); Houthoff (Dutch legal advice to sellers)
Accountants Deloitte (for both buyer and seller); Gneiss Energy (seller)
Other Advisors CW Energy (tax advisor for seller)

Beta Bugs Limited, Edinburgh

Date of deal: 01-01-2025

The investment will enable Beta Bugs to further accelerate its development into an international player in Black Soldier Fly genetics, as well as enabling the company to scale up production of eggs and juvenile larvae to supply to insect farming operations.

Agriculture

Legal Advisors Brodies LLP for Scottish Enterprise; Morton Fraser MacRoberts LLP for Beta Bugs Ltd; MBM Commercial LLP for Tricapital Angels
Investors / Lenders Scottish Enterprise; Tricapital Angels

Ace Aquetac Ltd, Dundee

Date of deal: 09-04-2025

Scotland-based Ace Aquatec, an aquaculture technology company, has secured £10M (approximately €11.7M) in funding.

Other - Technology

Legal Advisors Brodies LLP for Scottish Enterprise; Gunnercooke LLP for Ace Aquatec Ltd; Ashfords LLP for Stolt
Investors / Lenders Scottish Enterprise; Stolt Ventures; Aqua-Spark

LOOP Agencies Ltd, Edinburgh

Date of deal: 01-03-2025

Provided legal advice in connection with the transition to employee ownership, specifically an Employee Ownership Trust (EOT).

Creative & Digital - Creative & Digital

Other Advisors Ownership Associates UK and Reference Point Advisory Limited

Les Turriff Limited, Dundee

Date of deal: 12-01-2025

Advised Les Turriff Limited in the successful sale of its fruit and vegetable business to The Fresh Food Company

Food & Drink

Legal Advisors Lindsays (V) MFMac (P)
Accountants MMG Chartered Accountants (V)

R K Butler Consulting Limited, Glasgow

Date of deal: 21-02-2025

Provided legal advice in connection with the transition to employee ownership, specifically an Employee Ownership Trust (EOT).

Construction

Other Advisors Ownership Associates UK and Reference Point Advisory Limited

Trig Avionics Limited, Edinburgh

Date of deal: 01-05-2025

Provided legal expertise to Trig Avionics who have joined the Dynon Group of companies through a strategic investment by Dynon Avionics, a U.S-based leader in avionics systems.

Transport

Nightingale Home Care (Scotland) Ltd, Falkirk

Date of deal: 20-05-2025

Acquisition of the entire issued share capital of Nightingale Home Care (Scotland) Ltd, the leading home care provider based in Falkirk and the Forth Valley by Home Care (Scotland) Holdings

HealthTech

Legal Advisors Dallas McMillan Solicitors (P); Kerr Stirling (V)
Accountants DTA & Co (V)

The Prince’s House Hotel, Glenfinnan, Glenfinnan

Date of deal: 25/03/2025

Lindsays provided legal advice to the purchasers of The Prince's House Hotel, Glenfinnan, now renamed as the Stage House Bed & Breakfast

Other

Legal Advisors MacGregor Thomson (V)
Other Advisors Graham + Sibbald

GDK International Limited, East, Kilbride, Glasgow

Date of deal: 07-05-2025

Acquisition of entire issued share capital of GDK International Limited by a newco backed by London-based investment firm, True Capital, with brand growth plans to scale further across the UK and accelerate growth across new markets internationally.

Food & Drink

Legal Advisors Vialex W.S. for Management of GDK, BTO for Shareholders of GDK, Jones Day for True Capital III LP
Corporate Finance Cavendish Corporate Finance (V)

Ryden LLP, Edinburgh

Date of deal: 03-05-2025

Acquisition of 75% of the membership interest in Ryden LLP by Lambert Smith Hampton Group Limited

Commercial Property - Commercial Property

Legal Advisors Vialex W.S. (V), Wordley Partnership (P)

AJOE Partners Ltd, Helensburgh

Date of deal: 31-03-2025

Acquisition of entire shareholding in MacInnes Tooling Limited by AJOE Partners Ltd

Other - Energy

Legal Advisors Vialex W.S. (P), MacGregor Thornton Ltd (V)
Accountants Scrutton Bland (P)

JWJ Bathgate Limited, Bathgate

Date of deal: 14-02-2025

The Sale of a former tyre retail/fitting industrial site by JWJ Bathgate Limited to Faro Property Group Limited

Commercial Property - Commercial Property

Legal Advisors Vialex W.S (V), Macgregor Thomson Limited (P)

McLaren Corrugate Limited, Port Glasgow

Date of deal: 04-02-2025

A deal between McLaren Packaging and VPK UK & Ireland, creating a 50/50 joint venture business under the name McLaren Corrugate Limited, serving the Scottish corrugated packaging market

Manufacturing

Legal Advisors Vialex W.S for McLaren Packaging Limited, Freeths LLP for VPK Packaging Limited

PJ’s Foods Limited, Glasgow

Date of deal: 02-04-2025

Advising Scotland’s leading sandwich manufacturer & distributor PJ’s Foods on its disposal to Tiffin Sandwiches, the UK’s largest, independent, national supply food to go manufacturer

Food & Drink

Legal Advisors Macdonald Henderson – Sellers / Andrew Jackson Solicitors - Purchaser
Accountants Consilium – Sellers
Corporate Finance Consilium – Sellers

HRM Group Holdings Limited, Kilmarnock

Date of deal: 31-03-2025

Purchase by HRM Group Holdings Ltd of the entire issued share capital in Real Care Agency Limited

Business Services

Legal Advisors Macdonald Henderson – Purchaser / Harper Macleod - Sellers

HP Transport (Scotland) Ltd, Hamilton

Date of deal: 11-03-2025

Advising on the disposal (to management) of Scottish logistic business HP Transport (Scotland) Ltd

Transport

Legal Advisors Macdonald Henderson – Sellers / Raeside Chisholm - Company

Gilmour Tools (Holdings) Limited, Larkhall

Date of deal: 01-04-2025

Sale of entire issued share capital of the company to Renovo Solutions Limited.

Manufacturing

Legal Advisors Macdonald Henderson – Sellers / Sintons Solicitors - Buyers

Camenir Group Limited, Glasgow

Date of deal: 04-04-2025

Advising the company on a buyout of founder shareholders

Manufacturing

Legal Advisors Macdonald Henderson – Company / Morton Fraser MacRoberts – Founder Shareholders
Accountants AAB – Accountants - Company

MOSS Mechanical On Site Services Limited, Aberdeen

Date of deal: 28-03-2025

ICR Integrity Limited (ICR), a leading global provider of maintenance, integrity, and repair solutions, has successfully completed the divestment of MOSS Mechanical On-Site Services Limited (MOSS) to Relay Engineering Limited, part of the Denholm Energy Services group.

Other - Energy

Legal Advisors Addleshaw Goddard (V); Burness Paull (P)
Accountants EY (V)
Corporate Finance EY (V)

Sadco Nursery Group (Shawlands) Ltd, Glasgow

Date of deal: 02-05-2025

The sale of Poppins Kindergarten, a well known nursery in the south side of Glasgow by the owner-operator to an established Nursery operator

Food & Drink

Legal Advisors Dallas McMillan (V); Miller, Beckett & Jackson (P)

Wallace Quinn Holdings Ltd, Glasgow

Date of deal: 04-04-2025

Management Buy-Out of the entire issued share capital of Wallace Quinn & Co Ltd and its subsidiary Wallace Quinn Nominees Limited

Business Services

Legal Advisors Bellwether Green Limited (P)
Corporate Finance Azets (P)

Dean’s of Huntly, Huntly

Date of deal: 30-01-2025

Acquisition of shortbread company Duncan’s of Deeside. Paul Duncan, co-owner and managing director of Duncan’s, will be staying with the combined businesses.

Food & Drink

Legal Advisors Burness Paull (P); McGinn Solicitors (V)
Corporate Finance DFD (P)

Quorum Cyber, Edinburgh

Date of deal: 02-01-2025

Acquisition of US-based Kivu Consulting, a cybersecurity firm specialising in incident response.

Technology - IT Services

Legal Advisors Mintz Levin Cohn Ferris Glovsky & Popeo (P); Lowenstein Sandler PC (V)
Corporate Finance Piper Sandler (V)

Restrata, Aberdeen

Date of deal: 03-02-2025

Investment by Scottish Equity Partners into operational resilience software and services provider.

Software

Corporate Finance PwC

The Tavern Bar Glasgow Ltd, Glasgow

Date of deal: 01-04-2025

The acquisition of the Tavern Bar, Tollcross, an established public house in Glasgow by The Tavern Bar Glasgow Ltd from SIL Property Limited including the transfer of the business and assets of the company and the property from which the public house trades

Food & Drink

Legal Advisors Dallas McMillan Solicitors (for the Buyer); McKee Campbell Morrison (for the Seller)
Accountants Callan Accountancy (for the Buyer)

Robertson Murdie Ltd, Edinburgh

Date of deal: 01-04-2025

The acquisition by Robertson Murdie Ltd, a newly launched Scottish law firm, of the business of Morgan Cunningham solicitors and all associated advice with regard to Law Society of Scotland compliance, corporate structure and governance, and banking, financing, and security aspects

Business Services

Legal Advisors Dallas McMillan Solicitors (for the Buyer)
Accountants Jeffrey Crawford & Co (for the Seller)

Turner Access Limited, Glasgow

Date of deal: 02-04-2025

The acquisition by Gamrie Holdings Limited of Turner Access Limited, the West of Scotland's leading scaffolding company from Turner & Co (Glasgow) Limited and connected financing and security aspects.

Construction

Legal Advisors Dallas McMillan Solicitors (for the Buyer); Vialex WS (for the Seller)
Accountants MTD Accountants (for the Buyer)

M Squared (Scotland) Ltd, Glasgow

Date of deal: 01-04-2025

The acquisition by a group company of M Squared (Scotland) Ltd, a leading owner-managed Scottish landscaping and contracting business, of EBS Construction Limited, an established construction firm based in Glasgow by way of the acquisition of the entire issued share capital of the target.

Construction

Legal Advisors Dallas McMillan Solicitors (for the Buyer); Cameron Pinkerton & Co (for the Sellers)
Accountants Gilliland and Co (for the Buyer); Stevenson & Kyles (for the Sellers)

McComb MacPherson & Co Limited, Milngavie

Date of deal: 28-03-2025

Sale of shares in McComb MacPherson & Co Limited to Donald, Campsie & Kinnessburn Limited

Business Services

Legal Advisors Bellwether Green Limited (V) Blackadders LLP (P)

Callan & Co (Glasgow) Limited, Glasgow

Date of deal: 14-03-2025

Sale of the entire issued share capital of Callan & Co (Glasgow) Limited

Software

Legal Advisors Bellwether Green Limited (V) Omnium Law Limited (P)

Callan & Co (Glasgow) Limited, Glasgow

Date of deal: 14-03-2025

Sale of the entire issued share capital of Callan & Co (Glasgow) Limited by OracleLaw Limited

Business Services

Legal Advisors Bellwether Green Limited (V) Omonium Law (P)

Hagmill Road Shed Limited, Coatbridge

Date of deal: 25-02-2025

A joint venture between Westerwood Properties and Wemyss Properties. Hagmill Road Shed Limited will undertake a 105,000 sq. ft. industrial and distribution development comprising four units located adjacent to the Shawhead Junction of the A8/A725

Commercial Property - Commercial Property

Legal Advisors Vialex W.S. for Wemyss Properties Limited. Aberdein Considine LLP for Westerwood Properties Limited
Corporate Finance Stephen Kay of CuthbertWhite

Epod Solutions Group, t/a Podfather, Edinburgh

Date of deal: 07-04-2025

POdfather, a cloud-based logistics software solution designed to streamline fleet operations, received £3.4m investment to further scale and internationalise the business, as well as support the rollout of its latest enterprise software solution.

Software

Legal Advisors MBM Commercial for Podfather
Investors / Lenders Maven Capital, British Business Bank
Other Advisors Burness Paull for Maven Capital

Nether Darley Wind Ltd, Turriff

Date of deal: 06-02-2025

Transfer of Business and Assets of ND Wind LLP to Nether Darley Wind Ltd

Renewables

Legal Advisors Bellwether Green Limited

Kee Solicitors Ltd, Glasgow

Date of deal: 07-03-2024

We advised law firm, Kee Solicitors Ltd, on the allotment and issue of shares to a new partner.

Business Services

Legal Advisors Harper Macleod LLP, Edinburgh (Vendor)

Kee Digital Media Ltd, Glasgow

Date of deal: 10-01-2024

We advised Kee Digital Media Ltd on the transfer of shares to Pixelat Ltd and K Investment Holdings Ltd.

Business Services

Legal Advisors Harper Macleod LLP, Edinburgh (Vendor)

Nevis Technology Ltd, Dyce

Date of deal: 29-10-2024

"We advised Vaisala Oyj on its acquisition of the entire issued share capital of Nevis Technology Ltd through its subsidiary company Vaisala Limited. Nevis Technology Ltd is a Scottish company which provides and maintains environmental monitoring systems and data portals."

Other - Energy

Legal Advisors Harper Macleod LLP, Edinburgh (Purchaser)

Edinburgh Biosciences Ltd, Edinburgh

Date of deal: 29-10-2024

We advised Mr Yuan on the purchase of shares in Edinburgh Biosciences Ltd. This included the preparation of a share purchase agreement.

Other - Technology

Legal Advisors Harper Macleod LLP, Edinburgh (Purchaser)

Edinburgh Biosciences Ltd, Edinburgh

Date of deal: 29-10-2024

We advised Mr Yuan on the loan of funds to Edinburgh Biosciences Ltd. This included the preparation of a loan agreement.

Other - Technology

Legal Advisors Harper Macleod LLP, Edinburgh (Lender)

Eco 3pl Limited, Glasgow

Date of deal: 08-10-2024

The purchase of the entire issued share capital of Omni Channel Fulfilment Limited by Eco 3pl Ltd.

Manufacturing

Legal Advisors Harper Macleod LLP (advising the buyer), Gannons Commercial Law (advising the seller)
Accountants Dickson & Co (advising the buyer)
Corporate Finance Chelsea Corporate

OLA Ltd, Glasgow

Date of deal: 28-10-2024

Sale of OLA Architects to management team

Software

Legal Advisors Harper Macleod LLP

Insignia Technolgies Ltd, North Lanarkshire

Date of deal: 31-01-2025

Equity Investment/Crowdfunding/Development Capital

Other - Technology

Legal Advisors Harper Macleod LLP

White Testing UK Limited, Edinburgh

Date of deal: 03-10-2024

Acquisition/Sale

Other - Technology

Legal Advisors Harper Macleod LLP
Accountants PTSG ELECTRICAL SERVICES LIMITED

Edinburgh Biosciences Ltd, Grangemouth

Date of deal: 19-02-2025

Technology

Software

Legal Advisors Harper Macleod LLP

Beta Bugs Limited, Edinburgh

Date of deal: 31-01-2025

Investment round in Biotechnology company Beta Bugs Limited, led by Tricaptial Angels Limited.

Other - Technology

Legal Advisors MBM Commercial advisers to Tricapital Angels

Revive Eco Limited, Glasgow

Date of deal: 24-12-2024

Investment round in sustainable chemical manufacturing company Revive Eco, led by Crowdcube.

Manufacturing

Legal Advisors MBM Commercial advisers to Crowdcube

Sisaltech Ltd., Midlothian

Date of deal: 23-12-2024

A funding round led by TRICAPITAL Angels, with backing from Scottish Enterprise has successfully raised a substantial six-figure investment for SisalTech.

Manufacturing

Legal Advisors MBM Commercial adviser for Tricapital Angels

Simul8 Corporation Ltd., Glasgow

Date of deal: 26-11-2025

Minitab LLC, a market leader in data analysis acquired Simul8 Corporation Ltd, a simulation software company based in Glasgow.

Software

Legal Advisors MBM Commercial adviser for Simul8 Corporation

The Bettii Pod Ltd., Banff

Date of deal: 25-11-2025

Investment in FemTech start-up The Betti Pod Ltd., led by angel syndicate Equity Gap with co-investment from Scottish Enterprise. Lifted Ventures also participated in the deal.

Other - Technology

Legal Advisors MBM Commercial advisor to Betti Pod

H2CHP Limited, Durham/Edinburgh/Aberdeen

Date of deal: 15-11-2024

TRICAPITAL Angels led alongside Sutainable Venture and Aberdeen's Net Zero in a £600,000 investment raised to support H2CHP.

Other - Technology

Legal Advisors MBM Commercial for TRICAPITAL Angels

CereProc, Edinburgh

Date of deal: 20-06-2024

MBM Commercial advised Edinburgh-based Cereproc, on its sale to US based AI platform, Capacity.

Software

Legal Advisors MBM Commercial

The Highland Council, Inverness

Date of deal: 28-01-2025

D&E Coaches sold to The Highland Council

Transport

Legal Advisors DWF
Accountants BDO

J&D Wilkie, Kirriemuir

Date of deal: 18-12-2024

J&D Wilkie completed the acquisition of Michelin Scotland Innovation Parc Limited

Manufacturing

Legal Advisors CMS

Aliter Capital, Glasgow

Date of deal: 15-11-2024

Acquisition of Serbus Limited by Aliter Capital and ITM Communications

Other - Technology

Legal Advisors DWF

Aliter Capital, Glasgow

Date of deal: 30-10-2024

Acquisition of BBS Law by Aliter Capital

Business Services

Legal Advisors Brown Jacobson

Astrak Global Limited, Kirkcaldy

Date of deal: 14-02-2025

Acquisition of West-Trak NZ Limited

Manufacturing

Legal Advisors Burness Paull
Investors / Lenders Inflexion

iomart group plc, Glasgow

Date of deal: 01-10-2024

Acquisition of the entire issued share capital of Kookaburra Topco Limited, the holding company for Atech Support Limited

Other - Technology

Premier Commercial Limited, Edinburgh

Date of deal: 03-03-2025

Sale of the entire issued share capital of Premier Commercial Limited to Brown & Brown MGA Holdco (UK) Limited

Business Services

Legal Advisors Bellwether Green Limited (V) Brown & Brown MGA Holdco (UK) Limited (P)

The Inch Cape Offshore Wind Farm, Edinburgh

Date of deal: 27-01-2025

PwC provided FDD and tax DD services for The Inch Cape Offshore Wind Farm to secure external financing for construction of a project

Renewables

Equinor, Aberdeen

Date of deal: 05-12-2024

PwC advised Equinor on their joint venture with Shell

Upstream Oil & Gas

ENI UK, Aberdeen

Date of deal: 22-08-2024

PwC provided capital markets advisory services to Ithaca Plc associated with its acquisition merger with Eni SpA

Upstream Oil & Gas

Ethos Energy, Aberdeen

Date of deal: 29-08-2024

FDD for the sale of Ethos Energy, a joint venture of Siemens Energy and Wood Plc, to One Equity Partners

Upstream Oil & Gas

Ethos Energy, Aberdeen

Date of deal: 29-08-2024

FDD for the sale of Ethos Energy, a joint venture of Siemens Energy and Wood Plc, to One Equity Partners

Upstream Oil & Gas

ASCO, Aberdeen

Date of deal: 01-07-2024

Acted as Debt Advisor to ASCO Group Limited (“ASCO”), on its first debt raise following Endless LLP’s (“Endless”) acquisition

Business Services

ABRDN, Edinburgh

Date of deal: 04-07-2024

Provided financial and tax due diligence, as well as tax structuring to Fintel Plc in their acquisition of Threesixty

Business Services

RJ McLeod, Glasgow

Date of deal: 24-06-2024

Advised the shareholders of RJ McLeod in their sale to OCU Group

Construction

North Star Shipping, Aberdeen

Date of deal: 13-06-2024

Support to North Star Shipping in relation to refinancing package

Business Services

Abrdn's European private equity division, Edinburgh

Date of deal: 24-04-2024

Sale of Abrdn's European private equity division to Patria Investments

Software