Ebar Initiatives, Aberdeen

Date of deal: 05-05-2023

We advised Ebar Initiatives on receipt of equity investment funding from members of Equity Gap, Gabriel, Seedrs, Jenson Funding Partners and others.

Food & Drink

Legal Advisors Burness Paull for Ebar, Wright Johnson & Mackenzie and McKee Campbell Morrison for the Investors
Accountants n/a
Corporate Finance n/a
Investors / Lenders Equity Gap, Gabriel, Seedrs, Jenson Funding Partners and others

Burness Paull, Glasgow

Date of deal: 03-05-2023

Acquisition of company A from company B

Software

Legal Advisors Test
Accountants Test
Corporate Finance Test
Investors / Lenders Test
Other Advisors Test

Clan Campbell Whisky, London

Date of deal: 23-06-2023

Acquisition by Stock Spirits Group of Clan Campbell Blended Scotch Whisky brand from Pernod Ricard.

Business Services

Legal Advisors Macdonald Henderson, PWC – Service of Avocats, Freshfields Bruckhaus Deringer all advising Stock Spirits Group

Frame Group, Glasgow

Date of deal: 15-05-2023

Advising Virgin Money/Clydesdale Bank on banking and security aspects of the MBO of Frame Group, the Glasgow-based creative communications agency

Business Services

Legal Advisors Macdonald Henderson – Virgin Money/Clydesdale Bank, MBM Commercial – MBO team, Harper Macleod – Sellers

Opulus Financial, Edinburgh

Date of deal: 31-03-2023

Advising Opulus Financial, in its acquisition of George + Co, a firm of Chartered Tax Advisers and Accountants located in Edinburgh’s West End, to further expand its unique Chief Financial Officer (CFO) solutions offering throughout Scotland.

Business Services

Legal Advisors Macdonald Henderson – Opulus Financial, Urquharts - Seller, Pinsent Masons - SME

Bideaway Homes Holdings Ltd, Motherwell

Date of deal: 09-06-2023

Sale of entire issued share capital of Bideaway Homes (2) Limited to the Company.

Other

Legal Advisors Macdonald Henderson – Purchaser
Accountants Gordon Ferguson – Purchaser

SCW Technologies Limited, Coleraine

Date of deal: 30-06-2023

Investment in company by private individual.

HealthTech

Legal Advisors Macdonald Henderson – Company, Caldwell Robinson – private individual

Premac Group Ltd, Glasgow

Date of deal: 30-06-2023

Acting for Faskin Group Limited in relation to investment in Premac Group Ltd.

Construction

Legal Advisors Macdonald Henderson – Faskin Group Ltd

J P Mackie & Company Limited, Glasgow

Date of deal: 30-06-2023

Company refinance from Santander to Unity Bank.

Retail

Legal Advisors Macdonald Henderson (Company), CMS (Unity Bank)

Leslie Jacobs Limited, England

Date of deal: 28-04-2023

Advising the founder and sole shareholder of Leslie Jacobs Ltd t/a Dental FX, the Scottish cosmetic dentistry specialist on the disposal of the business to a trade buyer James Miller Limited.

HealthTech

Legal Advisors Macdonald Henderson (Vendor), BTO (Purchaser)
Accountants Perlin Franco (Vendor), O'Haras (Purchaser)

XSolutions365 Limited, Edinburgh

Date of deal: 01-06-2023

Digital consultancy xDesign has secured minority growth investment from investment firm Soho Square Capital. The deal, which was agreed for an undisclosed amount, will see Soho Square principal Joe Tebbutt join the board of directors. The Edinburgh-headquartered business will now accelerate its expansion plans, with a number of new office openings planned around the UK and internationally, as well as enhancing its operational structure.

Software

James Gibb Property Management Limited, Glasgow

Date of deal: 01-06-2023

James Gibb Property Management Limited acquired 100% of the share capital of Speirs Gumley Limited, a Glasgow based residential property factor. The acquisition grows the number of properties under management by James Gibb Property Management Limited.

Other

John Dawson Butchers Limited, Ayr

Date of deal: 26-05-2023

Reorganisation of John Dawson Butchers Limited

Retail

Legal Advisors Bellwether Green Limited
Accountants Azets

Glasgow Pavilion Theatre Limited, Glasgow

Date of deal: 03-04-2023

The Pavilion Theatre in Glasgow has been bought by London-based Trafalgar Entertainment for an undisclosed sum. RSM (Glasgow) carried out financial due diligence for the acquirer.

Creative

Legal Advisors Stephenson Harwood, MacRoberts (both for acquirer)

M&Co, Glasgow

Date of deal: 28-02-2023

Acquisition of the brand of M&Co by AK Retail Holdings Limited

Retail

Thermsaver Holdings Ltd, Bellshill

Date of deal: 07-06-2023

Acquisition of 60% shareholding in Thermsaver Holdings Ltd

Other - Energy

Legal Advisors Bellwether Green Limited

Clarity Accounting (Scotland) Limited, Glasgow

Date of deal: 31-05-2023

De-merger of business from Advantage Accounting (Scotland) Limited

Other

Legal Advisors Bellwether Green Limited
Other Advisors McKee Campbell Morrison

Consult Lift Services Ltd, Paisley

Date of deal: 08-03-2023

Acquisition of Share Capital of Consult Lift Services Ltd

Construction

Legal Advisors Bellwether Green Limited
Accountants Azets

Feurach Holdings Limited, Edinburgh

Date of deal: 08-03-2023

Acquisition of share Capital by Barenbrug UK Limited

Agriculture

Legal Advisors Bellwether Green Limited
Accountants Azets

FBK 22 Limited, Glasgow

Date of deal: 29-03-2023

the acquisition of the entire issued share capital of Callidus Scotland

Construction

Legal Advisors Bellwether Green Limited
Accountants Robertson Craig

Par Fund Management Limited, Edinburgh

Date of deal: 07-12-2022

Equity investment by Par Fund Management Limited into Gigged Ltd with co-investment from Techstart Ventures, existing and new angel investors

Other

Legal Advisors Addleshaw Goddard LLP advised Par Fund Management Limited

Flotation Energy Limited, Edinburgh

Date of deal: 06-01-2023

Joint venture between Flotation Energy Limited (part of Tokyo Electric Power Company of Japan)) and Instalaciones Y Servicios Moscardo III S.L. (part of Grupo Cobra of Spain) to develop and build an offshore windfarm in Morecambe bay as part of the Crown Estate's 4th round of offshore leasing.

Other

Legal Advisors Addleshaw Goddard LLP advised Flotation Energy Limited

Express Microbiology Limited, Linlithgow, West Lothian

Date of deal: 10-01-2023

Advising Cawood Scientific Limited on the disposal of its wholly owned subsidiary Express Microbiology Limited to Eurofins Food Testing UK Holding Limited

Other

Legal Advisors Addleshaw Goddard LLP advised Cawood Scientific Limited

Phlo Technologies Ltd, Glasgow

Date of deal: 31-03-2023

Phlo acquired the UK assets of Truepill, a competitor to Phlo based in England

HealthTech

Legal Advisors Addleshaw Goddard LLP advised Phlo Technologies Ltd

Archer UK Limited, Aberdeen

Date of deal: 03-04-2023

The acquisition from Baker Hughes Limited of its coil tubing and pumping (CT&P) business in the United Kingdom

Oil Services

Legal Advisors Addleshaw Goddard LLP advised Archer UK Limited

Verlume Holdings Ltd, Aberdeen

Date of deal: 31-03-2023

Scottish National Investment Bank investment (through equity and debt) into Verlume Holdings Ltd

Other - Energy

Legal Advisors Addleshaw Goddard LLP advised The Management Team of Verlume Holdings Ltd

Futurescot, Glasgow

Date of deal: 02-06-2023

Xxxx xxxx xxxx xxxx

Fintech

Legal Advisors Shepwed
Accountants Cheine
Corporate Finance Nik
Investors / Lenders Rbs
Other Advisors Flame

Charles Stamper Fruit & Veg Holdings Limited, Glasgow

Date of deal: 24-04-2023

MBO of Charles Stamper Fruit & Veg Ltd

Retail

Legal Advisors Bellwether Green Limited
Accountants Robertson Craig

Tarras Park Properties Limited (part of Buccleuch Property group), Edinburgh

Date of deal: 16-01-2023

We advised Tarras Park Properties Limited, part of the Buccleuch Property group, in connection with their acquisition of 50% of bloc Limited, a property development company.

Other

Legal Advisors Burness Paull for Tarras Park. One Square Law LLP for bloc

Par Equity (investor), Edinburgh

Date of deal: 29-03-2023

We advised Par Equity on a further investment round in Fuuse which closed over 2 tranches, the first closing on 29 March and the second on 6 April.

Other - Energy

Legal Advisors Burness Paull for Par Equity. Addleshaw Goddard for Fuuse.

Richard Irvin FM, Stirling

Date of deal: 03-03-2023

RSK Group acquired technical facilities management and energy solutions company, Richard Irvin FM backed by Rcapital Partners LLP.

Other

Corporate Finance BDO LLP (vendors)

Macdonald Hotels, Scotland (Bathgate)

Date of deal: 17-02-2023

Burness Paull advised Macdonald Hotels (Management) Limited on their sale of Ansty Hall Hotel to The Manor House Hotel (Castle Combe) limited

Other

Legal Advisors Burness Paull (seller). Dentons (buyer)
Other Advisors Knight Frank advised the sellers. Alvarez & Marsall advised the buyers

Bonded Whisky Partners Limited, Edinburgh

Date of deal: 06-01-2023

The Pinsent Masons corporate team acted for the founders of Bonded Whisky Partners Limited in the sale of BWP’s entire issued share capital to Distell, a subsidiary of Heineken N.V. The exit for the shareholders marked a complete investment cycle from start-up to exit, with Pinsent Masons having also advised on the incorporation, establishment and corporate structuring of BWP

Food & Drink

Legal Advisors Azets UK

Souter Investments and Jeff Winn, Glasgow

Date of deal: 17-03-2023

Pinsent Masons acted for the buyers in the acquisition of a majority stake in the parent company of Winn Solicitors, a UK200 law firm specialising in non-fault, accident claims. The team acted on behalf of the Souter Investment Group and the eponymous Jeff Winn, acquiring the majority stake from an Alvarez & Marsal managed pension fund. The Pinsent Masons team harnessed the breadth of specialisms within the firm, providing in-house guidance and leading the process of regulatory engagement with the Financial Conduct Authority and the Solicitors Regulation Authority.

Business Services

Lees Foods, Coatbridge

Date of deal: 27-01-2023

We acted for the shareholders of Lees Foods in the sale of Lees to Finsbury Food Group plc, an AIM-listed speciality baked-goods manufacturer, in a deal worth c£5.7m. Established in 1931, Lees is a leading manufacturer of making branded confectionary, such as the macaroon bar, snowball, meringues, and teacakes.

Food & Drink

Legal Advisors Burness Paull (sell-side). CMS (purchaser)
Accountants Johnston Carmichael

Forrit, Edinburgh

Date of deal: 31-03-2023

We advised Forrit on their investment from Scottish National Investment Bank

Software

Legal Advisors Burness Paull (Forrit). Shepherd + Wedderburn (SNIB)

Romar-Abrado, Aberdeenshire

Date of deal: 10-01-2023

We advised Archer Assets UK Limited on the acquisition of Aberdeenshire based decommissioning businesses Romar-Abrado.

Other - Energy

Legal Advisors Burness Paull (buy side). Brodies (sell side)
Accountants EY (did financial DD and Archer ran aspects in house)

North Sea Compactors Limited, Aberdeen

Date of deal: 08-03-2023

Acquisition of the entire issued share capital of North Sea Compactors Limited by First Integrated Solutions Limited from various individuals.

Other - Energy

Legal Advisors CMS

Sureclean Holdco Limited, Oldmeldrum, Aberdeenshire

Date of deal: 25-01-2023

Sureclean Holdco, is a company registered in England but its operating subsidiary is based out of Oldmeldrum in Aberdeenshire, and the acquiring entity, KSG International Limited, is a company incorporated in Scotland

Oil Services

Legal Advisors CMS - Sureclean Holdco

Heliex Power Ltd, Glasgow

Date of deal: 09-02-2023

Investment into Heliex Power by Par Fund Management Ltd

Manufacturing

Legal Advisors Anderson Strathern - Par; Macroberts - Heliex Power

Krucial (formerly R3-IoT), Glasgow

Date of deal: 13-02-2023

1 tranche of investment into R3 IOT Limited by Uni of Strathclyde, Scottish National Investment Bank, Scottish Enterprise

Other - Technology

Legal Advisors Anderson Strathern - University of Strathclyde; CMS - Scottish National Investment Bank; Brodies - SE; Burness Paull - R3IoT

Helinalysis Limited, Aberdeen

Date of deal: 28-02-2023

Family MBO, enabling the next generation of family to continue the success of Helinalysis Ltd.

Business Services

Legal Advisors Bannatyne Kirkwood France - Sell side Legal Advisors
Accountants Azets Corporate Finance
Corporate Finance Azets - As above
Other Advisors McKee Campbell Morrison - Buyside Legal Advisors

Dxcover, Glasgow

Date of deal: 27-01-2023

Tranche 1 investment into DXcover by Eos Advisory, University of Strathclyde, Mercia Fund Management and Scottish Enterprise

Life Sciences

Legal Advisors Anderson Strathern - University of Strathclyde; Morton Fraser - dxcover; Lindsays - eos advisory and mercia; ; Burness Paull - SE

R&M Engineering Huntly Ltd, Huntly

Date of deal: 18-04-2023

Sale of R&M Engineering (Huntly) Ltd to Aurora Energy Services Ltd

Upstream Oil & Gas

Crerar Holdings Ltd, Edinburgh

Date of deal: 14-03-2023

Acquisition of Crerar Hotel Group by Blantyre Capital Ltd together with their operating partner Fairtree Hotel Investments

Other

FingerPrint Global Ltd, Glasgow

Date of deal: 07-03-2023

Acquisition of FingerPrint Global Ltd by Aliter Capital

HealthTech

McCrea Financial Services Ltd, Glasgow

Date of deal: 22-02-2023

Acquisition of McCrea Financial Services Limited by One Four Nine Wealth

Business Services

Harper McDermott Ltd (Trades as Trust Deeds Scotland), Glasgow

Date of deal: 19-01-2023

Description - Personal insolvency firm Harper McDermott has transferred to employee ownership. The Glasgow-based company trades as Trust Deed Scotland and was founded by Mark Sommerville and Jon Paul Kelly. Currently managing debt solutions for over 9,000 customers, with £234m of debts under management, its team of around 70 people have now all become part-owners of the business. For exiting shareholders it can be an attractive alternative to the more traditional trade sale or private equity process, and allows the business to continue to thrive in the safe hands of the incumbent team

Business Services

Feurach Holdings Limited - (Target), East Lothian

Date of deal: 08-03-2023

Barenbrug B.V. via Barenbrug Limited (UK) acquired the Feurach Holdings Group (Watson Seeds, GroGreen & Seed Logistics) to expand it’s UK offerings.

Retail

Legal Advisors Blackadders LLP - Seller
Accountants Azets Corporate Finance - Seller
Corporate Finance As above - Azets
Other Advisors Bellweather Green - Buyside Legal Advisors

vehicle body repair business, Perth

Date of deal: 05-04-2023

Pinsent Masons has advised UK Assistance Accident Repair Centres Limited (a subsidiary of Direct Line Insurance Group plc) on the acquisition of a vehicle body repair business based in Perth, Scotland. This is the seventh such acquisition we have advised Direct Line on, as it continues to grow its in-house vehicle repair centre network to support its market leading car insurance business. Direct Line continues to look for strategic acquisition opportunities in this space and we are about to commence work on the next one.

Other

Hurricane Energy plc, Aberdeen

Date of deal: 20-03-2023

"Pinsent Masons is advising the Prax Group, a British multinational independent refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and bio-fuels (“Prax”), in respect of the offer by Prax Exploration & Production plc to acquire the entire issued and to be issued share capital of AIM listed exploration and production company, Hurricane Energy plc (“Hurricane”). The acquisition, which is governed by the UK Takeover Code, is intended to be implemented by way of scheme of arrangement (""the Scheme""), for a total potential consideration of £249 million. Prax’s intention to make a firm offer for Hurricane was made pursuant to an announcement in accordance with Rule 2.7 of the UK Takeover Code at 7.30am on 16 March.

Upstream Oil & Gas

James Fisher and Sons plc, Scotland (various)

Date of deal: 06-03-2023

"Pinsent Masons has advised longstanding, specialist turnaround private equity client Rcapital on its acquisition of a division of companies and several properties across England and Scotland, comprising James Fisher and Sons plc’s nuclear decommissioning services business. The purchase price is confidential.

Other - Energy

abrdn, Scotland

Date of deal: 02-03-2023

"Pinsent Masons is advising global investment company, abrdn, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT. The deal involves the transfer of approximately £6.1 billion in assets under management and approximately 140 employees. The agreed purchase price to be paid at completion is £140 million, subject to certain adjustments, principally reflecting activity in the period to completion. The sale is expected to complete in the second half of 2023, following satisfaction of certain conditions including receipt of customary regulatory approvals.

Other

Legal Advisors Jersey and Guernsey support was provided by Mourant Ozannes

Lloyds Banking Group, Scotland (various)

Date of deal: 22-02-2023

Pinsent Masons has advised Lloyds Banking Group on the acquisition of electric vehicle leasing provider Tusker from ECI for c.£300 million.

Other

Patersons Quarries Limited & Alan Wiseman, Coatbridge

Date of deal: 03-04-2023

Advised Patersons Quarries Limited and Alan Wiseman on their further investment and refinance of the Hamilton Park Racecourse Hotel Company Limited, their original investment having taken place in 2018. The investment included both equity and loan notes and required a confirmation of the existing security.

Other

Legal Advisors MacRoberts advised the Company, Ness Gallagher advised the incoming investor

Class For Kids, Glasgow

Date of deal: 15-02-2023

We advised The Access Group (Access UK Ltd), a multinational software business, on its acquisition of Glasgow headquartered Class For Kids.

Software

Legal Advisors Burness Paull - Purchaser. Blackadders - Seller
Accountants PwC (Purchaser side)
Corporate Finance PwC (Purchaser side)

Dyneval Ltd, Edinburgh

Date of deal: 30-03-2023

Follow-on investment round in Dynval led by Kelvin Capital alongside Gabriel Investments, Par Equity and Scottish Enterprise

Agriculture

Legal Advisors Davidson Chalmers Stewart for Kelvin Capital
Investors / Lenders Kelvin Capital (lead), Scottish Enterprise, Gabriel Investments, Par Equity

KultraLab, Edinburgh

Date of deal: 23-01-2023

Investment round in KultraLab by Kelvin Capital and supported by Scottish Enterprise

Software

Legal Advisors Davidson Chalmers Stewart acting for Kelvin Capital. Missions acting for KultraLab
Investors / Lenders Scottish Enterprise

Stevenson Bros. (Avonbridge) Limited, Avonbridge

Date of deal: 10-03-2023

Sale of significant Scottish run family haulage company to large UK competitor funded without the use of any private equity.

Other

Legal Advisors Wright, Johnston & Mackenzie LLP for Sellers; Baines Wilson LLP for the Buyer;

Weld-Tech Services Limited, Ellon

Date of deal: 01-01-2023

Sale of well-established welding and fabrication company based in the North of Scotland by a growing UK aggregator.

Manufacturing

Legal Advisors Wright, Johnston & Mackenzie LLP for the Sellers; Blackadders Solicitors for the Buyer;
Accountants The Long Partnership for the Sellers;

Clevermed Limited, Edinburgh

Date of deal: 01-02-2023

The sale of Clevermed Limited, the provider of leading maternity and neonatal patient record software, to System C Healthcare.

HealthTech

Legal Advisors Vialex (Vendor)
Corporate Finance Johnston Carmichael (Vendor)

Romar-Abrado, Aberdeenshire

Date of deal: 09-01-2023

The sale of Romar-Abrado to Archer. Romar-Abrado is an amalgamation of Romar International Limited and Abrado Inc. and specialises in providing magnetic separation and swarf handling services together with advanced milling services to the global Plugging and Abandonment (P&A) market. Archer, publicly traded on the Oslo Stock Exchange, provides comprehensive drilling services, well integrity & intervention, P&A and decommissioning to its upstream oil and gas clients.

Oil Services

Legal Advisors Brodies (Vendor); Burness Paull (Buyer)
Accountants Johnston Carmichael (Vendor)
Corporate Finance Johnston Carmichael (Vendor)

Lees Foods Limited, Coatbridge

Date of deal: 27-01-2023

Sale of Lees Foods Ltd to Finsbury Food Group plc

Food & Drink

Legal Advisors Burness Paull (Vendors)
Accountants Johnston Carmichael (Vendors)
Corporate Finance Johnston Carmichael (Vendors)

Firefish Software Limited, Glasgow

Date of deal: 24-03-2023

Growth capital investment into Firefish Software by Foresight Group

Software

Legal Advisors Addleshaw Goddard (Vendor), Shoosmiths (Investor)
Corporate Finance Deloitte (Vendor)
Investors / Lenders Foresight

Nile HQ, Edinburgh

Date of deal: 10-02-2023

Acquisition of Dig Inclusion and its flagship accessibility product, Hugr, by Nile HQ.

Creative

Legal Advisors MBM Commercial for NileHQ

DirectID, Edinburgh

Date of deal: 22-02-2023

Minority investment in Edinburgh-based Fintech DirectID by Ingka Investments .

Fintech

Legal Advisors MBM Commercial for DirectID
Investors / Lenders Ingka Investments

BioLiberty, Edinburgh

Date of deal: 31-03-2023

£2.2 million equity funding led by Archangels with participation from Eos Advisory, Old College Capital and Hanna Capital SEZC.

HealthTech

Legal Advisors MBM Commercial for Bioliberty
Investors / Lenders Archangel (Lead), Eos Advisory, Old College Capital and Hanna Capital SEZC

MRM Global, Edinburgh

Date of deal: 31-03-2023

Follow-on investment from BGF

Software

Legal Advisors MBM Commercial for MRM Global
Investors / Lenders BGF

Alba Trees, Tranent

Date of deal: 22-03-2023

Cibus Fund II (‘Cibus’), the specialist sustainable food and agriculture fund, acquired Alba Trees Limited.

Agriculture

Legal Advisors MBM Commercial for Alba Trees, Pennington Marches Cooper for CIbus
Investors / Lenders Cibus Fund II

Indinature, The Borders

Date of deal: 09-01-2023

Follow on investment of £2m to Indinature from Scottish National Investment Bank.

Manufacturing

Legal Advisors MBM Commercial for Indinature
Investors / Lenders Scottish National Investment Bank

Wholesale Domestic, Glasgow

Date of deal: 04-01-2023

Acting for Wholesale Domestic, Scotland’s leading bathroom supplier (to trade and retail) in the refinance of the group by Barclays Bank PLC, to position the group for future growth

Retail

Legal Advisors Macdonald Henderson acting for Wholesale Domestic; TLT LLP acting for Barclays Bank

Opulus Financial, Scotland

Date of deal: 10-02-2023

Advising Opulus in joining forces with Wylie & Bisset, Accountants and Business Advisers, to expand its unique Chief Financial Officer (CFO) solutions offering throughout Scotland

Business Services

Legal Advisors Macdonald Henderson for Opulus; Morton Fraser for Wylie & Bisset

Opulus Financial, Scotland

Date of deal: 09-02-2023

Advising Opulus on a £10 million growth capital facility to support further expansion plans of the enlarged group provided by SME Capital, the institution founded to provide bespoke funding for established SMEs

Business Services

Legal Advisors Macdonald Henderson acting for Opulus ; Pinsent Masons acting for SME Lending Ltd

HS Vision Ltd, Scotland

Date of deal: 29-03-2023

Acting for Hindsight, the award-winning developer of the HindSight rear-vision cycling glasses, in an investment by Scottish Enterprise, Gabriel Investments and other private investors

Other - Technology

Legal Advisors Macdonald Henderson acting for Hindsight; Burness Paull – acting for Scottish Enterprise; MCM Commercial – acting for Gabriel Investments
Investors / Lenders Scottish Enterprise; Gabriel Investments

A&J Hilston Limited, Falkirk

Date of deal: 31-01-2023

Acting for the sellers A & J Hilston in the sale of the entire issued share capital of an established double glazing and joinery business.

Manufacturing

Legal Advisors Kerr Stirling LLP – acting for purchaser; Macdonald Henderson acting for Vendor
Accountants Drummond Laurie

Hillfoot Garage Limited, Glasgow

Date of deal: 01-03-2023

Advising Scottish operator Hillfoot, on the sale of an independently owned but well established fuel station and associated business, to a consolidating trade buyer.

Retail

Legal Advisors MacRoberts acting for Purchaser; Macdonald Henderson acting for Seller

EMAC Engineering Holdings Ltd, Invergordon

Date of deal: 24-01-2023

Advising EMAC Engineering, the Scottish technical (mechanical, pipe fabrication & welding) engineering company on the acquisition of a trade competitor

Construction

Legal Advisors Macdonald Henderson acting for Purchaser
Accountants Consilium acting for Purchaser

The Electric Heating Company, Blantyre

Date of deal: 27-01-2023

Acting for founder shareholders in the disposal of a majority stake in Electric Heating Company, the UK’s foremost suppliers of electric heating and hot water products to private equity Foresight.

Retail

Legal Advisors MacRoberts – acting for Buyer, Macdonald Henderson – acting for EHC
Accountants Consilium Accountants – EHC, Foresight

Arvill Plant and Tool Hire, Lanarkshire

Date of deal: 31-12-2022

Acting for the Shevill Family in the sale of the entire issued share capital of established family business Arvill Plant & Tool Hire based in Lanarkshire, Scotland to FTH Hire Group, a UK consolidating trade buyer.

Manufacturing

Legal Advisors Macdonald Henderson acting for Vendor, Lindsays acting for Purchaser
Accountants ABC Accountants - Acting for Vendor

Blackford Analysis Ltd, Edinburgh

Date of deal: 09-02-2023

Bayer AG acquisition of Blackford Analysis, provider of strategic imaging AI platform and solutions for healthcare providers. Blackford was supported by business angel syndicate, Archangels since 2012.

HealthTech

Legal Advisors Dickson Minto for Blackford and Linklaters for Bayer
Corporate Finance Alantra
Investors / Lenders Archangel Investors Ltd, Old College Capital (VC arm of Edinburgh University) and Scottish Enterprise

Feurach Holdings Limited, Edinburgh

Date of deal: 08-03-2023

Acquisition of Share Capital by Barenbrug UK Limited

Agriculture

Legal Advisors Bellwether Green Limited, Purchaser
Corporate Finance Scrutton Bland, Purchaser