Red Rooster Lifting Limited, Aberdeen

Date of deal: 01-05-2024

Acquisition of Red Rooster Lifting Limited by Aquapro B.V.

Infrastructure

Legal Advisors Addleshaw Goddard for Target / N/A for Buyer
Accountants AAB for Target / N/A for Buyer
Corporate Finance AAB for Target
Investors / Lenders N/D
Other Advisors N/D

Marcliffe Hotel Limited, Aberdeen

Date of deal: 01-06-2024

Acquisition of Marcliffe Hotel Limited by Balmoral Group Holdings Limited

Other

Legal Advisors Burness Paull for Target / Blackwoods for Buyer
Accountants AAB for Target / JCCA for Buyer
Corporate Finance AAB for Target
Investors / Lenders ND
Other Advisors ND

The Harbro Group Limited, Aberdeen

Date of deal: 01-06-2024

Acquisition of Murray Farmcare Limited by Harbro Group Limited

Agriculture

Legal Advisors Pinsent Masons LLP for Target / Ledingham Chalmers LLP for Buyer
Accountants N/A for Target / AAB for Buyer
Corporate Finance AAB for Buyer
Investors / Lenders ND
Other Advisors ND

Johnson Marine Scotland Limited, Shetland

Date of deal: 01-05-2024

Sale of Johnson Marine to a Private Individual.

Other

Legal Advisors Stronachs LLP for Target / Anderson Strathern for Buyer
Accountants N/A for Target / AAB for Buyer
Corporate Finance AAB for Buyer
Investors / Lenders N/A
Other Advisors N/A

Morrison Community Care, Glasgow

Date of deal: 01-05-2024

Acquisition of Morrison Community Care by Priory CC125 Limited

Other

Legal Advisors Shoosmiths for Target /Addleshaw Goddard for Buyer
Accountants AAB for Target / N/A for Buyer
Corporate Finance AAB for Target
Investors / Lenders ND
Other Advisors ND

Allied Vehicles Limited, Glasgow

Date of deal: 01-04-2024

Acquisition of Fix Auto Wigan by Allied Vehicles.

Transport

Legal Advisors Roland Robinsons & Fentos LLP for Target / BTO for Buyer
Accountants Crossley & Davis Chartered Accountants and Tax Advisors for Target /
Corporate Finance AAB for the Purchaser
Investors / Lenders ND
Other Advisors ND

Par Equity, Edinburgh/Glasgow

Date of deal: 31-05-2024

Advising Par Equity on their further investment in Fuuse Limited

Other - Technology

Legal Advisors Burness Paull for Par Equity

Absoft Limited, Aberdeen

Date of deal: 01-06-2024

Acqusiiton of Absoft Limited by Applexus Technologies Inc

Software

Legal Advisors Napthens for Target / Anderson Strathern for Buyer
Accountants AAB for Target / Lincoln International for Buyer
Corporate Finance AAB for Target
Investors / Lenders ND
Other Advisors ND

A&R Burnett Limited, Stirling

Date of deal: 01-04-2024

Acquisition of A&R Burnett by SBG Holdings International Limited.

Software

Legal Advisors Gilson Gray acting for Target / CMS acting for Purchaser
Accountants Deloitte Acting for Buyer / AAB acting for Seller
Corporate Finance AAB acting for Seller

Modutec Holdings Limited, Inverness

Date of deal: 01-04-2024

Acquisition of Seaking by Modutec Holdings Limited

Business Services

Legal Advisors Hill Dickinson acted for Seller
Accountants Internal Accountants acted for Seller
Corporate Finance AAB acted for Purchaser
Investors / Lenders None
Other Advisors None

Liftango Group Limited, East Linton, East Lothian

Date of deal: 02-05-2024

Burness Paull advised Liftango on the terms of a follow-on investment

Software

Legal Advisors Burness Paull for Liftango. RW Blears for Maven

Hibernian Football Club, Edinburgh

Date of deal: 13-06-2024

Burness Paull advised Hibernian FC on its investment by Bydand Sports, Hibernian Supporters Club and Leslie Robb.

Other - Technology

Legal Advisors Burness Paull for Hibs. The investors were unrepresented.

Di Maggio's Group Limited, Glasgow

Date of deal: 04-06-2024

Burness Paull advised Di Maggio's Group Limited on its acquisition of Enoteca Scotland Limited, the owner and operator of Paesano and Sugo restaurants.

Food & Drink

Legal Advisors Burness Paull for Di Maggio's Group Limited. BTO for Enoteca Scotland Limited
Accountants Consilium for the Buyer
Corporate Finance -
Investors / Lenders -
Other Advisors -

Aliter, Edinburgh

Date of deal: 01-08-2024

The acquisition of the entire share capital of Bates consortium limited

Software

Legal Advisors DWF

Zonal Retail Data Systems, Edinburgh

Date of deal: 01-04-2024

Acquisition of part of the share capital of admargin limited by the Zonal Retail Data systems limited

Software

Legal Advisors DWF LLP

Mi:RNA Limited, Edinburgh

Date of deal: 28-06-2024

Funds have been raised from eight investors across three continents, including lead investor NovaQuest, Kyoritsu Holdings, VANE and Animal Health Angels. Existing investors adding to the round are Gabriel, Equity Gap and Scottish Enterprise.

HealthTech

Legal Advisors Brodies (for Scottish Enterprise); Burness Paul (for Mi:RNA Limited); MCM Solicitors (for Gabriel)

Nami Surgical Limited, St Andrews

Date of deal: 22-04-2024

St Andrews-based impact investment firm Eos Advisory (Eos) led the seed £2.5m round alongside the Investment Fund for Scotland, which is managed by UK private equity firm Maven and delivered by British Business Bank, Scottish Enterprise, and SIS Ventures. The company was separately awarded a £700,000 grant from Innovate UK.

HealthTech

Legal Advisors Brodies (for Scottish Enterprise); Thorntons Law (for EoS); MBM (for Nami Surgical Limited)

Thyme-IT UK Limited, Glasgow

Date of deal: 19-04-2024

Descartes Systems Group acquired Irish-based Aerospace Software Developments and its UK-based sister company Thyme-IT UK Limited.

IT

Legal Advisors Mason Hayes & Curran LLP (for Descartes in Ireland); Brodies (for Descartes in Scotland)

OGI Bio Ltd, Pentland Science Park (outside Edinburgh)

Date of deal: 03-05-2024

Acting for Scottish Enterprise in their investment into OGI Bio Ltd alongside Tricapital Angels, Merleview, Apollo and Old College Capital as part of a £650,000 funding round.

HealthTech

Legal Advisors Brodies (for Scottish Enterprise); Anderson Strathern (for Tricapital Angels); Vialex (for OGI Bio)
Investors / Lenders Tricapital Angels; Scottish Enterprise

Samphire Subsea Ltd, Aberdeen

Date of deal: 21-06-2024

Acting for Three60 Energy Limited on its acquisition of the entire issued share capital of Samphire Subsea Ltd

Oil Services

Legal Advisors Brodies (buyer); Addleshaw Goddard (seller)
Corporate Finance Hutcheon Mearns (seller)
Investors / Lenders Three60 Energy Limited is backed by Simmons Private Equity LLP

Well Integrity Verification Limited, Aberdeen

Date of deal: 10-04-2024

Acting for Jamie Airnes and Leslie Browne on their sale of the entire issued share capital of Well Integrity Verification Limited

Oil Services

Legal Advisors Brodies (seller); Raeburn Christie Clark & Wallace (buyer)

Meldrum House Estates Limited, Aberdeen

Date of deal: 30-04-2024

Acting for Meldrum House Estates Limited on the sale of the business and assets of Meldrum House Hotel and Golf Course to Apex Hotels Developments Limited

Other

Legal Advisors Brodies (seller); Anderson Strathern (buyer)
Corporate Finance Johnston Carmichael (seller)

Wyoming Interactive, Edinburgh

Date of deal: 04-06-2024

Advising on the succession of Wyoming Interactive, the Edinburgh-headquartered global digital consultancy (acting for the exiting founder) who will go on to form a standalone (complimentary) consultancy business

Business Services

Legal Advisors Macdonald Henderson – exiting founder / Ian Kennedy – WS (Company)
Accountants Consilium Chartered Accountants

Tayburn Holdings Limited, Edinburgh

Date of deal: 25-04-2024

Advising Scottish creative agency Tayburn on joining forces with Lewis, in a six-figure cash and equity deal that will bring together the agencies’ branding, packaging, design, and digital services

Business Services

Legal Advisors Macdonald Henderson – Tayburn / Clerwood Legal - Lewis

Scotwood Macdonald Ltd, Oban

Date of deal: 11-04-2024

Advising on MBO of Scotwood Macdonald, the forest inventory and engineering business, based in Argyllshire

Agriculture

Legal Advisors Macdonald Henderson – Scotwood Macdonald
Accountants Consilium – Scotwood Macdonald

2i, Edinburgh

Date of deal: 30-04-2024

Co-advising with Stephenson Harwood on the Scots elements of an eight-figure investment by London based private equity firm, Rockpool, in 2i (an Edinburgh based testing and quality assurance specialist).

Software

Legal Advisors Rockpool was advised by Stephenson Harwood (Legal), Macdonald Henderson (Legal – Scottish elements) / 2i was advised by Moore Kingston (Corporate Finance & Tax) and Bird & Bird (Legal)
Other Advisors Saffery (Financial & Tax) / Palladium Digital (Technology) / Continuum (Organisational) / and Claritas (Tax Structuring)

NeuroClin Ltd, Motherwell

Date of deal: 12-04-2024

Advising private individual on the completion of an investment transaction involving N4 Partners.

Life Sciences

Accountants Macdonald Henderson – NeuroClin/Private Individual / Anderson Strathern – Investors
Investors / Lenders N4 Investments Limited

Link Cable Assemblies Limited, Bellshill

Date of deal: 22-05-2024

Advising Link Cable Assemblies, leading manufacturer of bespoke cable assemblies, control panels and associated electronic components, on the successful transition of a majority stake in the company to existing shareholders, supported by RBS

Manufacturing

Legal Advisors Macdonald Henderson – Link Cable Assemblies / Brodies - RBS
Accountants Johnston Carmichael – Link Cable Assemblies

KJ Tait Engineers Limited, Glasgow

Date of deal: 08-04-2024

Advising KJ Tait, the market leading professional practice of mechanical, electrical and public health building services engineers on an MBO

Construction

Legal Advisors Macdonald Henderson – KJ Tait
Accountants Consilium Chartered Accountants – KJ Tait

Inspire Group, Rutherglen

Date of deal: 11-04-2024

Acting for the shareholders of an award winning provider of residential care in Scotland, in respect of (i) a complex restructure of the group and (ii) completion of an eight figure investment by a leading UK/European impact fund advisory firm

Other

Legal Advisors Macdonald Henderson – shareholders / CMS - Investors
Corporate Finance Hazelwoods LLP

Clan Campbell (Whisky) Limited, Edinburgh

Date of deal: 27-06-2024

Acting as co-counsel with Freshfields on the accession by Clan Campbell (Whisky) Limited to the existing senior facility financing arrangements of Stock Spirits Group following the acquisition of Clan Campbell by Stock Spirits in 2023

Food & Drink

Legal Advisors Macdonald Henderson & Freshfields – Clan Campbell (Whisky) Limited / CMS – ING Bank

Emblation Limited, Stirling

Date of deal: 30-04-2024

Advising leading technology/medical device company Emblation on a fundraising comprising £4 million term loan facility with Virgin Money Venture Debt

HealthTech

Legal Advisors For Emblation – Macdonald Henderson (UK) and Squire Patton Boggs (US) LLP (US) / For Virgin Money – DLA Piper Scotland LLP (UK) and DLA Piper LLP (US)

Drummond Laurie CA, Falkirk

Date of deal: 19-04-2024

Advising Scottish accountancy practice Drummond Laurie on the acquisition of Peter Deans CA

Business Services

Legal Advisors Macdonald Henderson – Drummond Laurie / Kerr Stirling – Peter Deans CA

Civils and Drainage Supplies (Group) Limited, Bellshill

Date of deal: 17-06-2024

Advising on the MBO of Civils & Drainage, the specialist supplier of ground pipeline products for the civil engineering, drainage, ground works, agricultural and water utility sectors

Construction

Legal Advisors Macdonald Henderson – Civils and Drainage Supplies (Group) Limited / Harty and Smith – for individual
Accountants Consilium Chartered Accountants - Civils and Drainage Supplies (Group) Limited

R & W Scott Limited, Carluke

Date of deal: 08-07-2024

The establishment of the R & W Scott Employee Ownership Trust and its acquisition of the entire issued share capital of Scotts Holdco Limited, the holding company of R & W Scott Limited

Manufacturing

Legal Advisors Bellwether Green Limited, Target Group, Shoosmith, Lender
Corporate Finance HNH Group, Target Group,
Investors / Lenders Shawbrook Bank, Target Group
Other Advisors Gililand & Co, Tax Adviser, Target Group

DJR Sport Ltd, Dumfries

Date of deal: 21-05-2024

Sale of majority shareholdings in DJR Sport Ltd (t/a The Solway Sharks Ice Hockey Team)

Other

Legal Advisors Bellwether Green, vendor

Dalriada Veterinary Surgery, Lochgilhead

Date of deal: 29-05-2024

Purchase of 50% of Dalriada Veterinary Surgery Partnership by Justine Armstrong

Agriculture

Legal Advisors Bellwether Green Limited, Purchaser and Stewart Balfour & Sutherland, Vendor

Tay Lettings Ltd, Glasgow

Date of deal: 28-02-2024

Acquisition of Tay Lettings Limited and Tay Lettings East Limited by D.J. Alexander Lettings Ltd

Other

Aurora Energy Services Ltd, Aberdeen

Date of deal: 21-12-2023

Scottish National Investment Bank provided a loan facility of up to £20 million to Aurora Energy Services

Renewables

Artificial Lift Performance Ltd, Aberdeen

Date of deal: 28-02-2024

Sale of Artificial Lift Performance to ChampionX LLC

Software

DL Bloomer Limited, Glasgow

Date of deal: 16-05-2024

Sale of the entire issued share capital of financial advisers DL Bloomer Group to Chase De Vere IFA Group PLC

Business Services

Legal Advisors Bellwether Green, Vendor and Brabners LLP, Purchaser
Corporate Finance Craig Corporate

Aurora Avionics, Edinburgh

Date of deal: 28-05-2024

Aurora Avionics received investment from Gabriel Investment Syndicate and Scottish Enterprise.

IT

Legal Advisors MBM Commercial advised Aurora Avionics

RAM 225 Limited, Blantyre

Date of deal: 08-05-2024

Sale of the entire issued share capital of RAM 225 Limited to Calderglen Care Limited

Other

Legal Advisors Bellwether Green, Vendor and BTO Solicitors, Purchaser

IndiNature, Jedburgh

Date of deal: 09-01-2024

Burness Paull advised IndiNature on a second stage capital investment from SNIB

Manufacturing

Legal Advisors Burness Paull advised IndiNature and Shep Wed advised SNIB

Kingdom Technologies Ltd, Glasgow

Date of deal: 26-02-2024

Founder sold a portion of their shares in a secondary share sale to a third party, who become a new shareholder in the Company.

Other

Legal Advisors Harper Macleod
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors N/A

Lighthouse Carbon Offset Limited t/a Greenfeet, Dunfermline

Date of deal: 09-01-2024

Multiple private investors providing initial funding injection into Environment forward tech - Greenfeet.

Other

Legal Advisors Harper Macleod
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors Clyde & Co LLP

Roy Cowie LBS Limited, Glasgow

Date of deal: 26-01-2024

Nurture Group has strengthened its operations in Scotland with the acquisition of Aberdeenshire-based Roy Cowie. The move has also expanded its collection of Royal Warrants and quality marks, adding two more to its portfolio.

Other

Legal Advisors Harper Macleod LLP
Accountants AAB
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors Mackinnons, Aberdein Considine

Kingdom Technologies Ltd, Glasgow

Date of deal: 31-01-2024

Kingdom Technologies Ltd - Bridge Round Investment 2023 Follow on bridge round from existing and new investors, included convertible loan notes."

Manufacturing

Legal Advisors Harper Macleod LLP
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors Brodies LLP

Torishima Service Solutions Europe Limited, Glasgow

Date of deal: 29-02-2024

Sale of Glendevon Hydro Scheme

Other

Legal Advisors Harper Macleod
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors N/A

Edinburgh Biosciences Ltd, Grangemouth

Date of deal: 04-03-2024

We advised Zhejiang Boye Biotech Limited on the equity investment by its subsidiary, Innofield Biotechnology Limited, in Edinburgh Biosciences Ltd. This included conducting the legal due diligence, advising on the investment agreement, and preparing new articles of association.

Other - Technology

Legal Advisors Harper Macleod LLP, Edinburgh (Investor)
Accountants N/A
Corporate Finance N/A
Investors / Lenders Zhejiang Boye Biotech Limited (PRC) and Innofield Biotechnology Limited (Cayman Islands)
Other Advisors N/A

Perfect Clean Edinburgh Ltd, Edinburgh

Date of deal: 21-03-2024

We advised Perfect Clean Edinburgh Ltd on an internal restructure. This included advising on a sub-division of shares and preparation of documents ancillary thereto.

Legal Advisors Harper Macleod LLP, Edinburgh (Vendor)
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors N/A

The firm of Prime Site Properties, Inverness

Date of deal: 31-03-2024

We advised MacGregor Fire Protection Services Limited on its acquisition of a 50% interest in the firm of Prime Site Properties.

Other

Legal Advisors Harper Macleod LLP, Edinburgh (Purchaser)
Accountants N/A
Corporate Finance N/A
Investors / Lenders N/A
Other Advisors N/A

Synaptec, Glasgow

Date of deal: 06-02-2024

Burness Paull advised Synaptec on its £6.5m fundraise from Megger Group, Equity Gap and Proserv.

Other - Technology

Legal Advisors Burness Paull for Synaptec and Eversheds for Megger

Emtelle, Hawick

Date of deal: 26-03-2024

Burness Paull advised Emtelle, a Hawick-headquartered blown fibre and cabling provider, on its acquisition of Ridgemount Technologies.

Manufacturing

Legal Advisors Burness Paull for the Buyer. Birketts for the Seller
Accountants n/a
Corporate Finance n/a
Investors / Lenders n/a
Other Advisors n/a

Tay Letting, Glasgow

Date of deal: 01-02-2024

Acquisition of Tay Letting by Lomond Group, backed by LDC

Business Services

Legal Advisors Brodies
Corporate Finance BDO
Investors / Lenders LDC

Aliter Capital, Glasgow

Date of deal: 01-05-2024

Acquisition of Bates IT by ITM Communications, backed by Aliter Capital

Software

Investors / Lenders Aliter Capital/Santander

BPD Zenith, Aberdeen

Date of deal: 01-05-2024

Acquisition of US-based Interpro Solutions by BPD Zenith

Software

Investors / Lenders Galanthus Partners/Bain Capital

BPD Zenith, Aberdeen

Date of deal: 01-02-2024

Acquisition of EAM Swiss by BPD Zenith

Software

Investors / Lenders Galanthus Partners/Bain Capital

S Harrison, Edinburgh

Date of deal: 01-01-2024

Singaporean private equity firm backs two Edinburgh student developments

Construction

Investors / Lenders Q Investment Partners

SoConnect, Edinburgh

Date of deal: 29-04-2024

Acquisition of SoConnect by AirIT

IT

Legal Advisors MBM COmmercial for SoConnectLimited

Nami Surgical, Glasgow

Date of deal: 07-05-2024

Investment round into Robotic-Assisted Surgery business, Nami surgical. Led by EOS Advisory and the Investment Fund for Scotland

HealthTech

Legal Advisors MBM Commercial advising Nami Surgical

QA Business Travel Limited, Aberdeen

Date of deal: 01-02-2024

Acquisition by Ocean Airserve Limited of 80% of the issued share capital of QA Business Travel Limited

Business Services

Legal Advisors Brodies LLP (acted for Sellers); GS Verde Law (Acted for Buyer)

Sweeney Kincaid Limited, Glasgow

Date of deal: 30-01-2024

Glasgow based auction business acquired by ANM Group Limited from Russell Kincaid. Established in 1991 Sweeney Kincaid Limited specialises in the sale of industrial, commercial, and business assets, vehicles and equipment

Other

Legal Advisors Brodies LLP acted Russell Kincaid, Aberdein Considine and Ledingham Chalmers acted for ANM Group Limited
Corporate Finance Seller – Azets Buyer - AAB

Kingdom Technologies Limited, Glasgow

Date of deal: 14-02-2024

Glasgow based robotics business Kingdom Technologies Limited closed a £1.4m seed funding round from Iron Wolf Capital, Specialist VC and Scottish Enterprise.

Other

Legal Advisors Brodies LLP acted for Scottish Enterprise, Harper Macleod LLP acted for Kingdom Technologies Limited
Investors / Lenders Scottish Enterprise, Iron Wolf Capital and Specialisy VC

Acquire-X Limited, Dundee

Date of deal: 25-04-2024

Acquisition of the entire issued share capital of All Timerberlines Limited

Manufacturing

Legal Advisors Bellwether Green Limited, Purchaser. Stronachs, Vendor. Dentons for the Lender.
Investors / Lenders Close Invoice Finance Limited - Lender

Hamilton Robertson Holdings Limited, Kirkintilloch

Date of deal: 03-05-2024

Sale of the entire issued share capital of Hamilton Robertson Holdings Limited to Greenwood Group Holdings Limited

Other

Legal Advisors Bellwether Green Limited, Shareholders of Target, Morton Fraser MacRoberts LLP, Purchaser
Accountants Consilium Chartered Accountants

Sustain (Scotland) Limited, Glasgow

Date of deal: 16-01-2024

Advising Sustain Scotland, the innovative building and construction products, in relation to a company restructure to allow equity participation by a new trade investor

Construction

Legal Advisors Macdonald Henderson – Company

Centre Safe Group Limited t/a Lion Safety, Grangemouth

Date of deal: 28-03-2024

Advising the shareholders of Centre Safe Group Limited, t/a Lion Safety, a well-established business dealing with the supply of workwear and PPE, on the disposal of the company to Grove Global Holdings Limited (a holding company of SMI Group), a specialist supplier of workplace products

Retail

Legal Advisors Macdonald Henderson – shareholders of Vendor - HCR Legal LLP - Buyer
Accountants Drummond Laurie – accountants to shareholders of Vendor

Kite Group Limited, Edinburgh

Date of deal: 19-01-2024

Advising the shareholders of Kite Group (a UK leader in the design and supply of handrails, walkways, barriers, roof-edge protection systems, access safety-related products) in the sale of their majority shareholding to two trade buyers

Manufacturing

Legal Advisors Macdonald Henderson – Shareholders of Kite Group Limited - Myinhouselawyer – Trade Buyers
Accountants Drummond Laurie – Trade Buyers & Sellers

House of Tartan, Crieff

Date of deal: 25-03-2024

Advising the shareholders of House of Tartan, home of the World’s leading Tartan database, on the disposal of the company to Scotland shop Browne White Ltd the tailored Tartan clothing & interiors specialist

Retail

Legal Advisors Macdonald Henderson – the shareholders of the Vendor - Turcan Connell - Buyer
Accountants TC Bulleydavey – Accountants for Vendors
Other Advisors Irving Geddes – Property Agents for Vendors

Iformis Limited, Edinburgh

Date of deal: 26-01-2024

Advising on the acquisition of a 75% shareholding in a Scottish based software company - Iformis Limited - by Hogan Group a highly profitable family run group of companies including Hogan (Asphalt) Limited, Hogan (Concrete) Limited and Hogan (Aggregates) Limited.

Software

Legal Advisors Macdonald Henderson – Buyer - Clerwood Legal- Seller
Accountants PWC - Buyer
Other Advisors Scintilla IP – Buyer - Howden Insurance – Buyer

Dunlaur Services Limited, Glasgow

Date of deal: 01-03-2024

Advising shareholder of Dunlaur Limited on the disposal of shares to fellow shareholder and formalisation of loans with Highland Alarms Limited

Business Services

Legal Advisors Macdonald Henderson – Dunlaur Limited

Contraflow Limited, Glasgow

Date of deal: 25-03-2024

Advising Contraflow Limited the leading Scottish traffic management solutions provider, on the acquisition of CTM Carlisle, an independent, full service, traffic management business

Transport

Legal Advisors Macdonald Henderson – Buyers - Burnetts - Sellers - iLaw – English property solicitors for Buyers
Accountants Craig Corporate Accountants - Buyers

Cofficient Limited, Glasgow

Date of deal: 28-03-2024

Advising Cofficient Limited, the leading Scottish IT company on the disposal of the company to an Employee Ownership Trust.

IT

Legal Advisors Macdonald Henderson - Vendors
Accountants Consilium Chartered Accountants - Vendors
Other Advisors Ownership Associates – Employee ownership specialists

BEC Plastics Holdings Limited, Glasgow

Date of deal: 05-03-2024

Advising the management team on the MBO of BEC Plastics Holdings Limited, the leading Scottish specialist manufacturer of precision machined engineering plastic components

Manufacturing

Legal Advisors Macdonald Henderson – Management Team of BEC Plastics Holdings Limited (Buyer) - Clarity Simplicity – Vendor
Accountants Graham & Co Accountants – Buyer

APGK Limited, Kinross

Date of deal: 26-03-2024

Advising Anchorpoint Interiors, one of the UK’s leading corporate and commercial workplace design and build companies, on the acquisition of Dale Interiors, the commercial fit-out and design business

Other - Energy

Legal Advisors Macdonald Henderson – Buyers - Banner Jones - Sellers
Accountants Drummond Laurie – Accountants for Buyers

91BC Property Services Limited, Glasgow

Date of deal: 18-03-2024

Advising 91BC the market leading Scottish property factoring company on the buyback of shares from minority shareholder as part of a management restructure

Business Services

Legal Advisors Macdonald Henderson - 91BC Property Services Limited

My Smash Limited, Edinburgh

Date of deal: 07-02-2024

An investment round with SE and Equity Gap into My Smash Limited.

IT

Legal Advisors MBM Commercial advising My Smash Limited

Nude Finance Holdings Limited, Edinburgh

Date of deal: 01-02-2024

Share sale of Nude Finance Holdings Limited to Tembo Money Limited

Fintech

Legal Advisors MBM Commercial for Nude Finance

Panton Mcleod, Selkirk

Date of deal: 14-02-2024

Sale of Panton McLeod to Stonbury (Holdings) Limited

Other

Legal Advisors MBM Commercial for Panton McLeod

Enterobiotix Limited, Glasgow

Date of deal: 26-03-2024

Investment round of £27m into Enterobiotix Limited by SNIB, Equity Gap, SE and others.

Life Sciences

Legal Advisors MBM Commercial acting for SNIB

Acu-Flow Limited, Glasgow

Date of deal: 04-04-2024

Investment round into Acu-Flow Limited led by SCVC and was supported by Scottish Enterprise, Foresight WAE Technology, SIS Ventures, Ascension Ventures, Conduit Connect and individual investors.

HealthTech

Legal Advisors MBM Commercial advising Acu-Flow

Glen Clova Scientific Limited, Dundee

Date of deal: 03-04-2023

Investment round into life sciences company Glen Clova Scientific by Norcliffe Capital (lead investor) DSW Ventures, TRICAPITAL Angels and Scottish Enterprise

Life Sciences

Legal Advisors MBM for Glen Clova
Investors / Lenders Norcliffe Capital (lead investor) DSW Ventures, TRICAPITAL Angels and Scottish Enterprise

Wobble Genomics, Edinburgh

Date of deal: 19-12-2023

£8.5m Series A investment into Wobble Genomics led by Mercia Ventures and BGF supported by IQ Capital, EOS Advisors and Old College Capital, the University of Edinburgh’s venture fund.

Life Sciences

Legal Advisors MBM Commercial for Wobble Genomics
Investors / Lenders Mercia Ventures and BGF (both lead investors). IQ Capital, EOS Advisors and Old College Capital, the University of Edinburgh’s venture fund.

QEM Solutions Limited, Moffat

Date of deal: 29-02-2024

Acquisition of leading quality and engineering management solutions company, QEM Solutions, by environmental risk reduction services business, Adler & Allan.

Business Services

Legal Advisors Turcan Connell, vendor; Squire Patton Boggs, buyside.
Corporate Finance HNH, vendor.

EDC Integrated Limited, Erskine

Date of deal: 26-03-2024

Employee Ownership Trust purchase of the entire share capital of EDC Integrated Limited

Other

Legal Advisors Bellwether Green Limited

Intelligent Alternatives Limited, Glasgow

Date of deal: 07-03-2024

Sale of entire issued share capital of Intelligent Alternatives Limited

Other

Legal Advisors Bellwether Green Limited

Dears Healthcare Group, Various across Scotland: including Edinburgh, Glasgow and Fife

Date of deal: 02-10-2023

Morton Fraser MacRoberts has advised the Dears Healthcare corporate group on the acquisition of 15 Lloyds Pharmacy branches. This transaction doubled the branch network of Dears pharmacies: it is now one of the largest independent retail pharmacy groups in Scotland with 25 branches. This complex transaction involved the acquisition of shares in five SPV companies by four different buying entities, as well as advising on funding of the transaction which involved a cross securitisation structure created in part due to the seller, Lloyds, funding significant pre completion deposit payments through a specialist pharmacy sector credit facility. In parallel, Morton Fraser MacRoberts was advising the majority shareholders of Dears Healthcare group on the establishment of a 50/50 joint venture company that acquired a further 11 Lloyds Pharmacy branches trading under the Amiry & Gilbride Pharmacy name.

Kick ICT Group Limited, Bellshill

Date of deal: 29-12-2023

Pinsent Masons has advised LDC (Managers) Limited (the private equity arm of Lloyds Banking Group) on a significant investment in Kick ICT Group Limited, Scotland’s largest independent IT managed service provider.

IT

Legal Advisors CMS (advising BGF)
Other Advisors MBM Commercial (advising management shareholders), DLA advising TDC (debt funder).

WEEE Solutions Limited, Paisley

Date of deal: 22-12-2023

Pinsent Masons advised the Enva Group, the national recycling and resource recovery business, on the acquisition of the whole issued share capital of WEEE Solutions Limited.

Other

Legal Advisors Macdonald Henderson, solicitors for the sellers

iomart Group plc, Glasgow

Date of deal: 04-12-2023

Pinsent Masons advised iomart Group plc on its acquisition of Accesspoint Group Holdings Limited.

IT

Legal Advisors RWK Goodman (solicitors for the selling shareholders)

Shore Recycling Limited, Perth

Date of deal: 17-11-2023

Pinsent Masons advised the Enva Group, the national recycling and resource recovery business, on the acquisitions of the business and certain assets of Shore Recycling Limited, including an electrical waste and recycling plant in Perth, Scotland. The acquisition is intended to enable the currently closed plant to reopen in 2024.

Other

Legal Advisors Thorntons LLP, agents for the sellers

The Centre, Livingston, Livingston

Date of deal: 04-12-2023

Pinsent Masons have been advising HSBC Alternative Investments on the sale of The Centre, Livingston (with approx. 190 units).

Retail

Orkney Fishermen’s Society Limited; PDK Shellfish Limited, Orkney

Date of deal: 23-10-2024

The Pinsent Masons LLP Restructuring team has appointed Michelle Elliot and Callum Carmichael of FRP Advisory as administrators to Orkney Fishermen’s Society Limited (a 70-year-old co-operative society) and handled the immediate sale of the business and assets out of administration to a subsidiary of Oban-based PDK Shellfish Limited. This was a positive outcome as the jobs of all 55 staff were saved.

Other

Par Equity, Edinburgh

Date of deal: 12-12-2023

We advised Par Equity on the follow on investment into Sensor Holdings

Other - Technology

Legal Advisors Burness Paull advised Par Equity and Kindrik Partners advised the company

Par Equity, Edinburgh

Date of deal: 24-11-2023

We advised Par Equity on their investment in Advanced Electric Machines as part of a £23m fundraise. The Funding round was led by Legal & General Capital and Barclays Sustainable Impact Capital

Manufacturing

Legal Advisors Burness Paull advised Par Equity on their investment. Squire Patton Boggs advised the company

Par Equity, Edinburgh

Date of deal: 20-12-2024

Burness Paull advised Par Equity on its further investment in cleaning product manufacturer, For Spills Ltd

Manufacturing

Legal Advisors Burness Paull for Par Equity and Anderson Strathern for the company

Glox Therapeutics, Glasgow

Date of deal: 14-11-2023

We advised Boehringer Ingelheim Venture Fund on their investment in Glox Therapeutics

Life Sciences

Legal Advisors Burness Paull advised Boehringer Ingelheim Venture Fund and Glox were advised by Bonaccord Law

The shareholders of Topek Holdings Limited, Glasgow

Date of deal: 11-10-2023

Burness Paull advised the shareholders of Topek Holdings Limited on its sale to Brickability Group plc

Construction

Legal Advisors Burness Paull advised the sellers and Addleshaw Goddard advised the purchasers
Accountants BDO led the sale process
Corporate Finance BDO

9/10 St Andrew Square (part of Patrizia Fund), Edinburgh

Date of deal: 01-11-2023

Burness Paull advised German fund Managers Patrizia AG on the sale of 9/10 St Andrew Square, Edinburgh to a Tristan Capital Partners Joint Venture.

Other

Legal Advisors Burness Paull advised the seller and Brodies advised the purchaser
Accountants PwC provided tax and accountancy advice
Corporate Finance N/A