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.

Hydrasun Limited, Aberdeen

Date of deal: 05-06-2025

Acquisition by the Buyer of the business and assets of the KC Controls Group (i.e. KC Controls Service LLP, KC Controls Limited and KC Controls (UK) LLP).

Other - Energy

Legal Advisors Addleshaw Goddard Acted for Hydrasun Limited

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