Matugga Beverages Limited, Edinburgh

Date of deal: 19/09/2025

Investment by Tony Hackney and conversion of debt into equity in order to finance capital requirements.

Food & Drink

Legal Advisors Burges Salmon (for the Target Company)

AW1 Storage Holdings Limited, Edinburgh

Date of deal: 04/08/2025

Investment by BESS Investment UK Limited into AW1 Storage Holdings Limited to support the construction of a 240MWh battery storage facility.

Renewables

Legal Advisors Burges Salmon (for the Investee), Shepherd & Wedderburn (for the Investor)
Corporate Finance Elgar Middleton (corporate finance advisors for the Investee company)

Vergia AS, Edinburgh

Date of deal: 07/07/2025

Investment by Vergia AS into FZE HoldCo Ltd to further develop green hydrogen production projects in the UK.

Renewables

Legal Advisors Burges Salmon (for the Investor), Shepherd and Wedderburn (for the Investee)
Accountants KPMG (acting for Vergia on tax point)

Tilhill Forestry Limited, Stirling

Date of deal: 29/08/2025

Acquisition of assets of duffy skylining.

Agriculture

Legal Advisors Burges Salmon (for the Buyer), Burness Paul (for the Seller)
Accountants Johnston Carmichael (tax advisors for the Seller)

Atlantis Medicare (Bridgeness) Limited, Bo'ness

Date of deal: 22/10/2025

BTO acted for the Sellers in relation to the sale of the entire issued share capital of Atlantis Medicare (Bridgeness) Limited, the operator of Bo'ness residential care home, to Sensinom Ltd.

Other - Technology

Legal Advisors Thorntons (for Buyer)

Red Mosquito Limited, Glasgow

Date of deal: 01/09/2025

BTO acted for the Sellers, in relation to the sale of the entire issued share capital in Red Mosquito Limited, a technology company providing IT services, cloud solutions and cyber security, to Redsquid Communications Ltd.

IT

Legal Advisors Herrington Carmichael LLP (for the Buyer)

Stewart IFA Limited, Renfrewshire

Date of deal: 12/09/2025

BTO acted for the Sellers, in relation to the sale of the entire issued share capital in Stewart IFA Limited, a financial advice firm, to Create Financial Solutions Limited.

Retail

Legal Advisors Sandison Kennedy (for the Buyer)

G & L Marshall Ltd, Huntly

Date of deal: 04/09/2025

We advised in the transfer of the business and assets in G & L Marshall to a new company, G & L Marshall Ltd.

Transport

Legal Advisors Harper Macleod LLP

R W Innes & Co, Wick

Date of deal: 01/08/2025

We advised and assisted Ronald Innes with the conversion of his sole trader business to a limited partnership (R W Innes & Co), including the transfer of business assets.

Agriculture

Legal Advisors Harper Macleod LLP

Pack34 Limited, Dundee

Date of deal: 16/09/2025

Mikani Flex Limited acquired the entire issued share capital of Discovery Flexibles Limited, a flexible packaging supplier in Dundee from Jimmy Urquhart.

Retail

Legal Advisors Harper Macleod LLP (acting for the buyer), Davidson Chalmers Stewart (acting for the seller)

Innovatium Ltd, Glasgow

Date of deal: 11/07/2025

Investment by the Scottish National Investment Bank and Hitachi in the company (in which Scottish Enterprise is an existing shareholder) to accelerate the deployment of the company’s award winning systems for industrial and grid scale applications.

Other - Technology

Legal Advisors Brodies (V); MBM Commercial (V); DWF (P)

All Terrain All Electric Ltd (t/a Munro-EV), Glasgow

Date of deal: 05/08/2025

Investment round and CLN conversion into electric 4X4 manufacturer Munro EV led by Elbow Beach and supported by Scottish Enterprise.

Manufacturing

Legal Advisors MBM Commercial LLP Legal Advisor to All Terrain All Electric Ltd (t/a Munro-EV). Brodies LLP Legal Advisor to Scottish Enterprise. Mackrell LLP Legal Advisor to Elbow Beach
Investors / Lenders Elbow Beach, Scottish Enterprise

Inverness Caledonian Thistle FC, Inverness

Date of deal: 05/06/2025

Sale of Inverness Caledonian Thistle FC.

Business Services

Legal Advisors TLT
Corporate Finance BDO LLP

Levenseat Waste Management, Lanark

Date of deal: 01/03/2025

Sale of Levenseat out of administration.

Business Services

Legal Advisors Burness Paull
Corporate Finance BDO LLP

John Clark (Holdings) Limited, Aberdeen

Date of deal: 02/10/2025

Acquisition of Hawco & Sons Limited by John Clark (Holdings) Limited.

Retail

Legal Advisors Burness Paull

Liftango Group Ltd, Edinburgh

Date of deal: 04/04/2025

Liftango Group Ltd, a portfolio company of Maven Capital Partners, completed a Series A funding round led by Octopus Ventures.

Other - Technology

Legal Advisors BDO LLP

Aliter Capital LLP, Glasgow

Date of deal: 03/09/2025

Aliter Capital backed legal services group, BBS Law, completes investment in Carter Bond.

Business Services

Legal Advisors Browne Jacobson
Investors / Lenders Aliter Capital

BPD Global Limited, Glasgow

Date of deal: 05/06/2025

BPD Global acquired ZNAPZ.

Other - Technology

Legal Advisors Bird & Bird
Investors / Lenders Galanthus Partners

St Enoch Centre Unit Trust, Glasgow

Date of deal: 13/05/2025

Praxis Real Estate acquired St Enoch Centre Unit Trust.

Construction

Legal Advisors BDO LLP

Brightsolid Online Technology Limited, Dundee

Date of deal: 28/04/2025

Brightsolid acquired Gateshead-based IT solutions provider Synergi.

IT

Legal Advisors Burness Paull

Fleet Alliance, Glasgow

Date of deal: 04/06/2025

Global Vehicle Group acquires Glasgow's Fleet Alliance.

Transport

Legal Advisors BDO LLP

Saltire Facilities Management Limited, Glasgow

Date of deal: 31/07/2025

Sale of Saltire Facilities Management Ltd to Daikin Industries Ltd.

Business Services

Legal Advisors BDO LLP
Corporate Finance BDO LLP

AG Barr, Glasgow

Date of deal: 30/06/2025

Sale of a majority stake in Innate-Essence to AG Barr Plc.

Food & Drink

Legal Advisors BDO LLP
Corporate Finance BDO LLP

Denovo Intelligent Solutions Limited, Glasgow

Date of deal: 31/03/2025

Denovo Business Intelligence on its sale to LEAP Legal Software.

Other - Technology

Legal Advisors BDO LLP
Corporate Finance BDO LLP

Blackford Insurance, Glasgow

Date of deal: 31/01/2025

Blackford Group has been acquired by Partners.

Business Services

Legal Advisors BDO LLP
Corporate Finance BDO LLP

Graham + Sibbald, Dundee

Date of deal: 30/08/2025

Investment in Graham + Sibbald by Foresight Group.

Business Services

Legal Advisors Burness Paull (V) and Addleshaw Goddard (P)
Corporate Finance EY Parthenon (V)
Investors / Lenders Foresight Group (equity) and Barclays (debt)

Denholm Energy Services, Glasgow

Date of deal: 07/04/2025

Denholm Energy Services has acquired Glasgow-based weld clad overlay specialists, Glacier Welding Solutions.

Manufacturing

Legal Advisors BDO LLP

Aberdeen Financial Planning, Glasgow

Date of deal: 20/08/2025

Aberdeen sells financial planning business to Ascot Lloyd.

Business Services

Legal Advisors Pinsent Masons
Accountants Dyer Baade

Scottish Highland Properties, Inverness

Date of deal: 26/09/2025

Sale of the Business and certain Assets of Scottish Highland Properties.

Business Services

Legal Advisors Bellwether Green Limited (v) Wright, Johnston & Mackenzie LLP (p)

Innovatium Ltd, East Kilbride

Date of deal: 11/07/2025

Equity investment into Innovatium Ltd, via Scottish National Investment Bank, with co-investment from Hitachi Industrial Equipment Systems (HIES). Innovatium has developed a patent-protected industry-scale LAES solution capable of significantly increasing site energy efficiencies. Funding provided will support commercial scale-up and development of grid-scale solutions.

Other - Technology

Legal Advisors DWF (for the Bank), MBM (for the Company)
Investors / Lenders SNIB and HIES

Graham + Sibbald Property Consultants Limited, Glasgow

Date of deal: 30/08/2025

The acquisition of the entire issued share capital of Graham + Sibbald Property Consultants Limited. Addleshaw Goddard advised Foresight Group LLP. AG Deal Team: Chris England, Ashley Thomson, Ian Shand, Chris Muir, Kimberly Forman.

Other - Technology

Legal Advisors Addleshaw Goddard

Loganbridge II Limited & Patersons of Greenoakhill Limited, Coatbridge

Date of deal: 31/07/2025

Sale of the whole of the share capital of Loganbridge II Limited which operates the Route 74 Truckstop at Lesmahagow to Hayton Coultard Transport Limited together with simultaneous sale by Patersons of Greenoakhill Limited (a wholly owned subsidiary of Patersons Quarries Limited) of the property from which the Route 74 Truckstop, Lesmahagow operates to Gregory Distribution Property Limited. Addleshaw Goddard advised Patersons Quarries Limited. AG Deal Team: Anna Brown, Jordan Kerr, Scott Stephenson, Kevin Beattie, Isobel Wood, Ian Shand, Nathaniel Raphael.

Construction

Legal Advisors Addleshaw Goddard

Lesterose Northern Holdings Ltd, Glasgow

Date of deal: 30/09/2025

Sale of Lesterose Northern Holdings Limited to an Employee Ownership Trust

Construction

Legal Advisors Grant Thornton

Centurion 3 Limited, Aberdeen

Date of deal: 31-01-2025

Acquisition by Centurion Group of WestWater Enterprises Pty Ltd in Australia

Other - Energy

Legal Advisors Norton Rose Fulbright (P)
Corporate Finance Ascend Corporate (V)

Centurion 3 Limited, Aberdeen

Date of deal: 09-05-2025

Acquisition by Centurion Group of Aerial Platforms Ltd in NW England

Other - Energy

Legal Advisors Blackwood Partners (P)
Corporate Finance Cooper Parry (V)

Centurion 3 Limited, Aberdeen

Date of deal: 01-10-2025

Acquisition by Centurion Group of Kabin Hire Ltd based in Wales

Other - Energy

Legal Advisors Blackwood Partners (P)
Corporate Finance SME Finance Partners (V)

The Ancient Links (Scotscraig) Limited, Fife

Date of deal: 30-09-2025

MFMac acted on the purchase of the business and assets of Scotscraig Golf Club as a going concern. As part of the transaction it also entered into a long lease, arrangements regarding use of IP rights, a partnership agreement with its Council for the ongoing operation of the golf club and purchased the car park site.

Business Services

Legal Advisors MFMaC LLP (P); Thorntons (V), Burness Paul for the Sellers' Secured Lender and Vialex for the principal investor in the parent company of the Buyer

Jim Jack’s (Dunfermline), Dunfermline

Date of deal: 31-08-2025

Sale of the Dunfermline premises to Luna Plates Company Ltd and restructure of the partnership

Food & Drink

Legal Advisors Macdonald Henderson – Individual Seller / Boyd Legal – Luna Plates Company Ltd

Inspire Longtown Limited, Rutherglen

Date of deal: 05-08-2025

Financing by Thincats Finance Ltd

Life Sciences

Legal Advisors Macdonald Henderson – Company / Clyde & Co - Thincats Finance Ltd

Wipeform Ltd, Grangemouth

Date of deal: 21-05-2025

Asset purchase by the Company of McCormack Innovation Ltd.

Manufacturing

Legal Advisors Macdonald Henderson – Company

Ochil Timber Products Ltd, Denny

Date of deal: 23-09-2025

Disposal of shares in the company from founders to owner-manager son.

Manufacturing

Legal Advisors Macdonald Henderson - Company
Accountants Drummond Laurie - Company

Logoxpres Limited, Stirling

Date of deal: 29-08-2025

Sale of the company to Twenty One Hundred Ltd.

Manufacturing

Legal Advisors Macdonald Henderson – Trustee Seller/ McGinn Solicitors - Buyer / McKee Campbell Morrison – Individual Seller

Conich Holdings Limited, Balmaha

Date of deal: 19-09-2025

Acquisition of a major shareholding in Conich Holdings Limited

Food & Drink

Legal Advisors Dallas McMillan (P); Gillespie Macandrew (V)

Darge Dental Design Limited, Renfrew

Date of deal: 16-09-2025

The sale by the founders of the entire issued share capital by way of MBO of Darge Dental Design Limited, a leading dental laboratory in Renfrewshire to its management team.

HealthTech

Legal Advisors Dallas McMillan (V); Kingsley Wood & Co (P)
Accountants Connolly Accountants (V)

Edinburgh Biosciences Ltd, Grangemouth

Date of deal: 01/04/2025

We advised Mr Yuan on the purchase of shares in Edinburgh Biosciences Ltd. This involved advising on the transfer documentation, consent requirements and ancillary documentation.

Software

Legal Advisors Harper Macleod LLP

MMSS Foods Ltd, Glasgow

Date of deal: 13/05/2025

We advised the Vendor on the sale as a going concern of a 'Subway' franchised business located in Largs. The matter also included commercial real estate elements relating to the assignation of the lease for the restaurant premises to the Purchaser.

Food & Drink

Legal Advisors Harper Macleod LLP

GDK INTERNATIONAL LIMITED, Glasgow

Date of deal: 09/05/2025

Multi-million pounds investment London-based investment firm True has backed German Doner Kebab (GDK), with plans to grow the brand further across the UK and internationally.

Business Services

Legal Advisors Harper Macleod LLP

NEVE LEARNING LIMITED, Glasgow

Date of deal: 24/04/2025

Individual private investment into company, purchase by company of IP as a spin out.

Business Services

Legal Advisors Harper Macleod LLP

Flagship Hotels (Stirling) Limited, Glasgow

Date of deal: 17/04/2025

The sale of the business and assets of The Golden Lion Hotel in Stirling

Business Services

Legal Advisors Harper Macleod LLP

W K Risk Solutions LLP, Glasgow

Date of deal: 02/04/2025

The sale of the business and assets of WK Risk Solutions LLP

Business Services

Legal Advisors Harper Macleod LLP

Forrester Moon Limited, Glasgow

Date of deal: 04/05/2025

Sale of the majority of the share capital in Forrester moon by Anthony O'Reilly

Manufacturing

Legal Advisors Harper Macleod LLP

MHA Auchlochan (in administration), Renfew

Date of deal: 15/07/2025

purchase of the bankhouse care home from MHA Auchlochan

Business Services

Legal Advisors Harper Macleod LLP

William Wilson Frame, Edinburgh

Date of deal: 25/07/2025

We advised James Frame in transferring his total interest of Messrs W W Frame to Wilson Frame, including the associated land transfers within the business. The consideration was satisfied by way of a loan from the Bank of Scotland.

Other - Energy

Legal Advisors Harper Macleod LLP

Connekt Group Limited, Glasgow

Date of deal: 19/08/2025

Growth Fund 1 LP subscribed for Loan Notes and Craig Johnstone subscribed for shares in the Company (Connekt Group Limited). Also included a partial secondary exit for the founder.

Other - Energy

Legal Advisors Harper Macleod LLP

Turley, Maguire and Grennan, Edinburgh

Date of deal: 23/07/2025

We acted for David Maguire in his acquisition of Gregory Turley's interest in Turley, Maguire and Grennan.

Infrastructure

Legal Advisors Harper MacLeod

Kenoteq Ltd, Edinburgh

Date of deal: 15/05/2025

Investment into Kenoteq Ltd

Software

Legal Advisors Harper Macleod LLP and MBM Commercial

Ramco Pipetech Holdings Limited, Norway and Scotland (cross-border)

Date of deal: 23-06-2025

Sale by Ramco Pipetech Holdings Limited of the entire issued share capital of Ramco Holdings Norway AS to Aeonian 36 AS (a group company of Øgreid).

Other - Energy

Legal Advisors Brodies (V); CMS Kluge (V); Wikborg (P); Pinsent Masons (Lender)
Corporate Finance Alpha Corporate Finance (V)

OGI Bio Ltd, Pentland Science Park

Date of deal: 05-06-2025

Equity investment by Scottish Enterprise, Merleview Capital, TRICAPITAL Angels Limited and Apollo into OGI Bio Ltd, a leading Scottish biotechnology company specialising in developing innovative solutions for microbial growth and analysis.

HealthTech

Legal Advisors Brodies (SE); Vialex (OGI Bio); Anderson Strathern (Tricapital)

T.G. Baker (Sound) Ltd, Glasgow

Date of deal: 24-07-2025

Acting for the shareholders of T.G. Baker (Sound) Ltd in the sale of the entire issued share capital of the company, along with its subsidiary Premier Acoustic Limited, to SSUK Limited.

Other - Energy

Legal Advisors Brodies LLP (V); Bellweather Green Limited (P); TLT (Lender)
Accountants WBG (V); Gilliland & Co (P)
Corporate Finance Hilton Smythe
Investors / Lenders Santander

Sanctum-Energy Ltd, Glasgow

Date of deal: 29-08-2025

The disposal of a founder shareholding in Sanctum-Energy Ltd, the renewable energy solutions provider

Software

Legal Advisors Dallas McMillan (V); Ramsdens (P)

Dallas McMillan Solicitors, Glasgow

Date of deal: 29-08-2025

The acquisition of GAMTA, the Glasgow Academy of Musical Theatre Arts, by The Unibridge Group Ltd

EdTech

Legal Advisors Dallas McMillan (P); Kerr Stirling (V)

Hero Brands Ltd, Glasgow

Date of deal: 07-05-2025

BTO acted for the Seller, Hero Brands Ltd, in the sale of 60% controlling interest in the German Doner Kebab (GDK) brand to True Capital Limited, a leading investment and innovation firm.

Food & Drink

Legal Advisors Jones Day (Buyer's solicitors)

Rightdose Healthcare Limited, Glasgow

Date of deal: 31-07-2025

BTO acted for the Seller, Rightdose Healthcare Limited, in the business and asset sale of a pharmacy located in Liverpool to AV Pharma Limited.

HealthTech

Legal Advisors Brabners (Buyer's solicitors)

Henry Waste Management Limited, Coatbridge

Date of deal: 31-07-2025

BTO acted for the Seller, Henry Waste Management Limited, in the business asset sale of their skip business to NWH Group Limited

Business Services

Legal Advisors WJM (Buyer's solicitors)

Greenerleaf Estate Maintenance Limited, Coatbridge

Date of deal: 16-06-2025

BTO acted for the Buyer, Greenerleaf Estate Maintenance Limited, in the acquisition of the entire issued share capital of Henry Waste Management Ltd.

Business Services

Legal Advisors MFMac (Seller's solicitors)

AGR Hospitality (Stirling) Ltd, Stirling

Date of deal: 17-04-2025

BTO acted for the Buyer, AGR Hospitality (Striling) Ltd, in the business purchase of The Golden Lion Hotel. The purchase included all assets and property.

Food & Drink

Legal Advisors Harper Macleod (Seller's solicitors)

James A Marshall Limited, Glasgow

Date of deal: 26-06-2025

Investment from Nevis Capital LLP in James A. Marshall Limited

Manufacturing

Legal Advisors Bellwether Green ( Investors) Radernie Consulting LLP (Company)

Par Fund Management Limited, Edinburgh

Date of deal: 09-07-2025

Follow-on equity investment by Par's investor syndicate, Scottish Enterprise and existing investors

Other - Technology

Legal Advisors Addleshaw Goddard advised Par Fund Management Limited

Equity Gap, Edinburgh

Date of deal: 02-05-2025

Supplementary investment into Interpac by Equity Gap, Par Equity, Syndicate Room, Primorus Investments Plc and other angel investors. This also included investment from Aalberts Investments who are a new investor to the company

Manufacturing

Legal Advisors Addleshaw Goddard advised Interpac Ltd

Titan Energies; HydroVolve, Aberdeen

Date of deal: 27-03-2025

This was the acquisition by Titan Energies of tools from HydroVolve (being the HydroVolve Hammer and Hydrovolve Quake). The HydroVolve Hammer is a powerful stuck-object extraction system that provides a solution for stuck-pipe incidents, and the HydroVolve Quake is a striker system designed to break down cement and solids which surrounds steel pipes.

Other - Energy

Legal Advisors Addleshaw Goddard advised Titan Energies Limited

**Rock Compliance Ltd based in Alcester, Warwickshire, Shareholder based in Fife

Date of deal: 21-02-2025

Advised minority shareholders on the sale of shares in Rock Compliance Limited to Andwis Group

Infrastructure

Legal Advisors Lindsays LLP, Squire Patton Boggs (P)
Investors / Lenders I: Gateley Legal

Wetrooms International Ltd, Glasgow

Date of deal: 05-06-2025

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

Manufacturing

Legal Advisors Lindsays LLP
Other Advisors Ownership Associates UK and Reference Point Advisory Limited

TDi Body Jewellery Ltd, Glasgow

Date of deal: 15/07/2025

Purchase of the entire issued share capital of TDi Body Jewellery Ltd, an online body piercing jewellery shop, by TDi Jewellery Holdings Ltd with funding from HSBC.

Retail

Legal Advisors (P) Lindsays LLP (V) Anderson Strathern
Accountants (P) McAllisters (V) EQ
Investors / Lenders HSBC

Leith Healthcare Limited, Edinburgh

Date of deal: 19-05-2025

Advised minority shareholder in exit from Edinburgh-based pharmaceutical company

Life Sciences

Legal Advisors Lindsays LLP

WM. Drennan Glass & Glazing Ltd., Paisley

Date of deal: 21-08-2025

Sale of the entire issued share capital of WM. Drennan Glass & Glazing Ltd. an established Renfrewshire based window glazier business and property holdings to MacGregor Clan Holdings Ltd.

Construction

Legal Advisors Dallas McMillan (acting for Seller) Hunter & Robertson (acting for Buyer)

No 1 Healthcare Ltd, Edinburgh

Date of deal: 23-07-2025

The sale of the business and assets of No 1 Healthcare Ltd, the leading recruitment business in the healthcare sector, to an international investor

HealthTech

Legal Advisors Dallas McMillan Solicitors (acting for the Seller)

Bioliberty Ltd, Edinburgh

Date of deal: 22-04-2025

Bioliberty Ltd, Edinburgh, Scotland, develops a unique soft robotic glove which can restore upper limb mobility in patients following a stroke, raised an undisclosed amount of funding led by Hanna Capital Sezc, by way of a subscription agreement.

Software

Legal Advisors Shoosmiths
Investors / Lenders Hanna Capital SEZC Hanna Capital SEZC - Bioliberty Ltd

Benefits Advisory Services Ltd, Glasgow

Date of deal: 01-05-2025

Howden Group Holdings Ltd, London, England, a provider of liability and crime insurance and reinsurance products and related services, acquired Benefits Advisory Services Ltd, registered in Glasgow, Scotland, trading from Birmingham, West Midlands, England, a provider of global employee benefits support services to multinational employers.

Business Services

Legal Advisors Eversheds Sutherland for Howden Group Holdings Ltd

AJ Engineering & Construction Services Ltd, Aberdeen

Date of deal: 05-06-2025

RSK Group Ltd, Helsby, Cheshire, England, a provider of engineering, environmental consultancy and technical support services, acquired AJ Engineering & Construction Services Ltd, registered in Aberdeen, Scotland, headquartered in Forres, Scotland, a provider of engineering and construction services.

Construction

Legal Advisors DWF for RSK Group Ltd
Corporate Finance Dow Schofield Watts for RSK Group Ltd

Adept Energy Solutions Ltd, Aberdeen

Date of deal: 07-05-2025

Omnira Software, Calgary, Alberta, Canada, provides software solutions to help Exploration & Production companies make better capital investments and operational decisions acquired Adept Energy Solutions Ltd, Aberdeen, Scotland. Adept provides comprehensive production accounting solutions for the oil and gas industry. Terms not disclosed.

Software

Corporate Finance Grant Thornton (P)

Aberdeen Web Ltd, Aberdeen

Date of deal: 04-04-2025

Load Monitoring Systems Ltd, Aberdeen, Scotland, a company that specialises in the design, manufacturing, sale and rental of cutting-edge load monitoring products and services, a subsidiary of pewag International GmbH, Graz, Steiermark, Austria, a manufacturer of snow chains for automobiles and lifting chains, acquired Aberdeen Web Ltd, Aberdeen, Scotland, a manufacturer of web slings and lifting gear.

Software

Legal Advisors Stronachs for Load Monitoring Systems Ltd. Aberdein Considine & Co - Aberdeen Web Ltd
Corporate Finance AAB for Aberdeen Web Ltd

D A MacDonald (Contractors) LImited, Lochgilhead

Date of deal: 31-07-2025

Sale of entire share capital of D A MacDonald (Contractors) Limited

Construction

Legal Advisors Bellwether Green Limited (v) BFK & Co (p)
Corporate Finance Azets (v)

Enerfoil Magnum Limited, Tain

Date of deal: 28-07-2025

Sale of the entire share capital of Enerfoil Magnum Limited to MAG Technics B.V

Manufacturing

Legal Advisors Bellwether Green Limited (v) BBM Solicitors Ltd (P)
Corporate Finance DC Consulting (v)

Magnum Heating Ltd, Tain

Date of deal: 28-07-2025

Sale of the entire issued share capital of Magnum Heating Ltd

Manufacturing

Legal Advisors Bellwether Green Limited (v) BBM Solicitors (p)
Corporate Finance DC Consulting (V)

HR Consultancy (Scotland) Limited, Glasgow

Date of deal: 13-08-2025

MBO of HRC Consultancy by the management team, backed by Cynergy Business Finance.

Business Services

Legal Advisors Macdonald Henderson – Company / Curle Stewart – Purchaser / Addleshaws Goddard – Lender (Cynergy Business Finance)
Accountants Morris & Young - Company
Investors / Lenders Cynergy Business Finance

Approov, Edinburgh

Date of deal: 11-07-2025

MBM Commercial advised Maven Capital Partners in equity investment to mobile security app Approov.

Technology - Cyber

Legal Advisors MBM Commercial (investors), Burges Salmon (The company, Approov), Burness Paul (Scottish Enterprise)
Investors / Lenders Maven Capital Partners, Souter, Scottish Enterprise and US Investment

Lothian DIY & Building Supplies Ltd, West Calder

Date of deal: 30-07-2025

Acquisition of Loch Long Transport Ltd by Lothian DIY & Building Supplies Ltd.

Construction

Legal Advisors Macdonald Henderson - Purchaser
Other Advisors GRT Consultants - Sellers

SSUK, Glasgow

Date of deal: 24-07-2025

Purchase of the entire issued share capital of T.G. Baker (Sound) Limited along with its subsidiary Premier Acoustic Limited

Other - Technology

Legal Advisors Bellwether Green Limited (p), Brodies LLP (v) TLT LLP ( funder)
Investors / Lenders Santander
Other Advisors Gilliland & Company (p) Tax Advisors

Howden Blacksmiths Ltd, Cumbernauld

Date of deal: 09-07-2025

The establishment of the Howden Blacksmitths Employee Ownership Trust and its acquisition of the entire issued share capital of Howden Blacksmiths Ltd

Manufacturing

Legal Advisors Bellwether Green Limited
Corporate Finance Consilium Chartered Accountants
Other Advisors Ownership Associates UK, EOT Adviser

Kinning Park Car Home (Scotland) Ltd, Glasgow

Date of deal: 18-07-2025

Sale of the entire issued share capital of Kinning Park Care Home (Scotland) Ltd

Business Services

Legal Advisors Bellwether Green Limited (v), Burnett Reid (P)
Accountants Smith & Wallace Limited (v)

ECO2020 Ltd, Glasgow

Date of deal: 25-07-2025

Sale of the entire issued share capital of ECO2020 Ltd along with its subsidiary companies

Business Services

Legal Advisors Bellwether Green (V), Hill Dickinson LLP (P)
Corporate Finance Kevin Windram (V), Forvis Mazars (P)

Train'd Up Railway Resourcing, Bridge of Allan, Stirling

Date of deal: 11/06/2025

EY advised the shareholders of Train’d Up Railway Resourcing Limited on their management buy-out with the support of Chiltern Capital. Chiltern Capital supports Management Buy-Out of Train’d Up, the UK’s largest provider of rail apprenticeships and a fast-growing provider of engineering apprenticeships, ranked first nationally among large training providers by learner attainment rates

Business Services

Legal Advisors Brodies (V)
Corporate Finance EY (V)
Investors / Lenders Chiltern Capital, supported by ThinCats

Sistemic Scotland Limited, Glasgow

Date of deal: 07/07/2025

MBM Commercial LLP advised Sistemic Scotland Limited, who provide microRNA-based problem-solving services, in investment from LSIP and Scottish Enterprise.

Life Sciences

Legal Advisors MBM Commercial LLP

Yeppoon (Holdings) Limited, Glasgow

Date of deal: 17-06-2025

Acquisition of N4 Investment Limited shares in Yeppoon (Holdings) Limited the holding company of Paul Hodgkiss, the leading Scottish wood design and manufacturing company.

Manufacturing

Legal Advisors Macdonald Henderson – Yeppoon (Holdings) Limited

The Community Connections Education & Wellbeing Group Limited, Kilmarnock

Date of deal: 04-07-2025

The purchase of the business and assets of The Community Connections Education & Wellbeing Group Limited by Thrive Care Scotland Limited in relation to the business operated at the property known as Cedar House.

Other - Energy

Legal Advisors Macdonald Henderson - The Community Connections Education & Wellbeing Group Limited / Harty and Smith – Thrive / Carters Law – Thrive / Mellicks – Together Finance

The Community Connections Education & Wellbeing Group Limited, Kilmarnock

Date of deal: 02-07-2025

The purchase of the business and assets of The Community Connections Education & Wellbeing Group Limited by Permissum Care Ltd in relation to the business operated at the property known as Willow House.

Other - Energy

Legal Advisors Macdonald Henderson - The Community Connections Education & Wellbeing Group Limited and Permissum Care Ltd / Mellicks – Together Finance

Diamond and Company (Scotland) Limited, Glasgow

Date of deal: 02-07-2025

Sale of the company and its subsidiary to Odevo UK Limited

Construction

Legal Advisors Macdonald Henderson – Individual Seller / McKee Campbell Morrison – Individual Seller / Gunnercooke - Buyer

Oilfast Limited, Motherwell

Date of deal: 01-07-2025

Hive down of bulk fuel business to a subsidiary of the company.

Oil Services

Legal Advisors Macdonald Henderson - Company

Henderson Stone Group Holdings Limited, Glasgow

Date of deal: 27-06-2025

Advising the shareholders of Henderson Stone Group Holdings Limited on the management buy out by Henderson Stone Partners Limited by new management team.

Business Services

Legal Advisors Macdonald Henderson – Henderson Stone Group Holdings Limited / Radernie Consulting LLP - Management
Accountants Beavis Morgan - Henderson Stone Group Holdings Limited

Mar House Limited, Edinburgh

Date of deal: 13-05-2025

The restructuring of Mar House Limited, a holding company of Case Management Services Ltd (delivering specialist rehabilitation and case management services within the community).

Other - Energy

Legal Advisors Macdonald Henderson – Mar House Limited.