ZeroAvia, Scotland

Date of deal: 31-03-2024

Scottish National Investment Bank joins ZeroAvia’s US$150m Series C round alongside £20m investment by SNIB in ZeroAvia in a $150m Series C round. Other investors include Airbus, American Airlines, UKIB, IAG, ITOCHU etc.

Transport

Leap AI, Aberdeen

Date of deal: 25-09-2024

Leap AI – an Aberdeen-based company specialising in low-cost industrial AI robotics – has secured a £7.9m investment to support its further growth. Mercia Ventures invested alongside the Scottish National Investment Bank and WA Capital in the funding round, which will enable it to expand new, highly-skilled jobs and scale its intellectual property development.

Other - Technology

Investors / Lenders Scottish National Investment Bank, Mercia Ventures, WA Capital

Sofant Technologies Ltd, Edinburgh

Date of deal: 03-06-2024

Further investment in Sofant Technologies Ltd by EMV Capital, SE and Kelvin Capital.

Other - Technology

Legal Advisors MBM Commercial LLP

Acu-Flow Limited (t/a Nebu-Flow), Glasgow

Date of deal: 01-11-2024

Investment by SCVC and follow on funding from existing investors, SE, Foresight, SIS Ventures, Ascension and Conduit EIS Impact Fund in Acu-Flow Limited.

Manufacturing

Legal Advisors MBM Commercial LLP

Glen Cova Scientific Limited, Glasgow

Date of deal: 16-10-2024

Fourth tranche of investment in the Company by Northcliffe Capital, DSW and Tricapital Angels Limited.

Other

Legal Advisors MBM Commercial LLP
Investors / Lenders Norcliffe Capital, DSW and Tricapital Angels Limited.

QikServe Limited, Glasgow

Date of deal: 20-09-2024

Acquisition of QikServe by business management software provider The Access Group.

Software

Legal Advisors MBM Commercial LLP

Novosound Ltd, Edinburgh

Date of deal: 30-09-2024

Novosound completed a 2 million pound funding round, led by Par Equity with participation from Kelvin Capital, University of the West of Scotland, and Scottish Enterprise.

Manufacturing

Legal Advisors MBM Commercial LLP
Investors / Lenders Par Equity, Scottish Enterprise, Kelvin Capital and the University of the West of Scotland

St Andrew's College Language School, Glasgow

Date of deal: 08-08-2024

Trinity International Education, a subsidiary of Trinity ViaggiStudio Srl, a tour operator specialised in organising travel and study abroad vacations, completed the acquisition of St. Andrew’s College Language Schools, a Scottish company specialising in summer camps and cultural programs that operates 18 centres in the United Kingdom (10 in England and 8 in Scotland).

Other

Legal Advisors TLT LLP, Sellers; Flint Bishop, Buyer
Accountants Levinish Consulting, Sellers; PKF, Buyer

Cytomos Limited, Edinburgh

Date of deal: 29-10-2024

Investment round in the biotechnology company led by Archangel Investors Limited and Scottish Enterprise

Life Sciences

Legal Advisors MBM Commercial LLP, Brodies LLP, Burness Paull and Burges Salmon
Investors / Lenders Archangel Investors Limited and Scottish Enterprise

Sistemic Scotland Limited, Glasgow

Date of deal: 02-10-2024

Investment round in the Company funded by Scottish Enterprise and various other private investors.

HealthTech

Legal Advisors MBM Commercial LLP
Investors / Lenders Scottish Enterprise and various other private investors

Stampede AI Ltd, Edinburgh

Date of deal: 20-09-2024

An investment round in Stampede AI funded by Techstart and other private investors.

Other - Technology

Legal Advisors MBM Commercial LLP
Investors / Lenders Techstart and private investors

SA Scurr Enterprises Limited, Edinburgh

Date of deal: 18-11-2024

An investor buy-in investment in SA Scurr Enterprises Limited.

Other

Legal Advisors MBM Commercial LLP

Cademy Group Limited, Edinburgh

Date of deal: 05-09-2024

Investment round in Cademy Group Limited led by Techstart and Brighteye Ventures.

Other

Legal Advisors MBM Commercial LLP
Investors / Lenders Techstart and Brighteye Ventures

Innovatium Group Limited, Glasgow

Date of deal: 04-09-2024

Investment round in Innovatium Group Limited from existing investors and two new industrial partner investors, Mattei Group and Glacier Energy.

Renewables

Legal Advisors MBM Commercial LLP
Investors / Lenders Scottish Enterprise, Mattei Group and Glacier Energy

Spey Media Limited, Moray

Date of deal: 01-07-2024

Spey Media Limited acquired by Muckle Media Limited

Creative

Legal Advisors Ennova Law (Seller), Hybrid Legal (Purchaser)
Accountants AAB Business & Tax Advisory LLP (Seller)
Corporate Finance AAB Business & Tax Advisory LLP (Seller)

Aveni Limited, Edinburgh

Date of deal: 01-07-2024

Acting on behalf of Puma Private Equity in the investment into Aveni Limited.

IT

Legal Advisors Anderson Strathearn (Seller), Charles Russell Speechlys (Investor)
Accountants Thomson Cooper (Seller), AAB Business & Tax Advisory LLP (Investor)
Corporate Finance AAB Business & Tax Advisory LLP (Investor)
Investors / Lenders Puma Private Equity

Air Control Entech Limited, Aberdeen

Date of deal: 01-07-2024

Air Control Entech Limited acquired by SRJ Technologies Limited

Oil Services

Accountants AAB Business & Tax Advisory LLP (Seller), Grant Thorton (Purchaser)
Corporate Finance AAB Business & Tax Advisory LLP (Seller)

Spirit Labels Ltd, Glasgow

Date of deal: 08-11-2024

Spirit Labels Ltd acquired the business and assets of Spirit Label Solutions Limited out of administration.

Manufacturing

Legal Advisors Bellwether Green, Purchaser, TLT, Vendor
Accountants BDO, Purchaser,

Integrated Environmental Solutions (IES), Glasgow

Date of deal: 14-06-2024

KPMG Corporate Finance, supported by a multi-disciplinary KPMG team, is delighted to have advised the shareholders of IES on its strategic investment from the Apax Global Impact Fund. IES delivers innovative technology solutions and consultancy services to help decarbonise buildings, communities, and cities. Over the past 30 years, the company has made a significant global impact, helping to improve the energy and carbon performance of an estimated 1.5 million buildings worldwide. Supporting energy-efficient, healthy, and cost-effective built-environments, IES' digital twin technology provides those involved in the design, retrofit and operation of buildings the information needed to make smarter, more sustainable decisions. Apax Partners LLP (‘Apax’) is a leading global private equity advisory firm, with total advised funds of over $65 billion. Apax Global Impact seeks out opportunities to support companies which deliver tangible societal and/or environmental impact.

Other - Technology

Corporate Finance KPMG, seller

Campbell's Prime Meat, Linlithgow

Date of deal: 30-10-2024

KPMG Corporate Finance acted as lead M&A advisor to the Business, with separate KPMG TAS and Tax teams undertaking vendor due diligence. Campbell’s Prime Meat, located near Linlithgow, operates as an independent supplier of fresh meat, fresh fish and delicatessen products to the foodservice industry across Scotland. The Business has roots back to 1910 and has grown under generations of the Campbell’s family to being one of Scotland’s most prominent food and drink companies, employing over 300 individuals. The acquisition provides a good home for the Business and is a strategic fit for Sysco and its existing UK operations, further strengthening its Scottish proposition.

Food & Drink

Corporate Finance KPMG, seller

AIPOS Ltd, Inverness

Date of deal: 23-07-2024

We acted for the continuing shareholders in AIPOS Ltd in the exit of an original shareholder. This included advising on the share purchase agreement and documents ancillary thereto.

Other - Technology

Legal Advisors Harper Macleod LLP, Edinburgh/Elgin (Purchaser)

Integrated POS Systems LLP, Inverness

Date of deal: 23-07-2024

We acted for the continuing members in Integrated POS Systems LLP in the exit of an original member. This included advising on the deed of retirement.

Other - Technology

Legal Advisors Harper Macleod LLP, Edinburgh/Elgin (Purchaser)

Reath Technology Ltd, Edinburgh

Date of deal: 30-07-2024

Convertible loan note agreement to be entered into between the Reath Technology Limited and Elemental Excelerator inc

Other - Technology

Legal Advisors Harper Macleod LLP
Investors / Lenders Elemental Excelerator Inc

Security & Fire Systems (Scotland) Limited, Glasgow

Date of deal: 02-09-2024

Purchaser acquired entire issued share capital of SFS

Other

Legal Advisors Harper Macleod LLP, Glasgow (Purchaser) Rollos Law LLP, Cupar (Sellers)
Accountants Johnston Carmichael, Glasgow (Purchaser)

J&S Subsea Limited, Aberdeen

Date of deal: 31-10-2024

Foresight Group invests into J&S Subsea

Oil Services

Legal Advisors Addleshaw Goddard. Vendor; Anderson Strathern, Purchaser
Corporate Finance AAB, Vendor
Investors / Lenders Foresight Group - equity investor

Quality Food Products, Aberdeen

Date of deal: 28-10-2024

Foresight supports an incoming management team in acquiring Quality Food Products, an Aberdeen based food processing business.

Food & Drink

Legal Advisors Burness Paull, Vendor; Addleshaw Goddard, Purchaser; Anderson Strathern, Management team; Pinsent Masons, Santander
Accountants AAB, Vendor
Corporate Finance Benchmark International, Vendor
Investors / Lenders Santander, debt funder; Foresight Group, equity funder

Morrison Community Care (Livingston) Propco Limited, Glasgow

Date of deal: 06-09-2024

Purchaser acquired care home in Livingston from Vendor

Construction

Legal Advisors Harper Macleod LLP, Glasgow (Vendor), Addleshaw Goddard LLP, Glasgow (Purchaser)

Escape Recruitment Holdings Limited, Edinburgh

Date of deal: 30-08-2024

We acted for Escape Recruitment Holdings Limited in a share buyback of all shares held by one of its directors and the resignation of said director.

Other

Legal Advisors Harper Macleod LLP, Edinburgh (Purchaser)

Fourwinds Group Ltd, Paisley

Date of deal: 16-08-2024

Sale and Purchase of a local Nursery group, central Scotland.

Other

Legal Advisors Harper Macleod LLP Glasgow (Purchaser), Lindsays LLP (Lender), Morton Fraser MacRoberts, Glasgow (Seller)
Accountants Milne Craig, AAB
Investors / Lenders Allica Bank, Scotland

MiAlgae, Edinburgh

Date of deal: 31-07-2024

Investment by Sottish Enterprise, SWEN Blue Ocean, Clay Capital and others into MiAlgae Ltd to scale the production of its marine omega-3 product NaturAlgae.

Life Sciences

Legal Advisors Brodies LLP acting for Scottish Enterprise and Old College Capital / Davidson Chalmers Stewart LLP acting for MiAlgae Ltd / Wright Johnston & Mackenzie LLP

Mi:RNA, Edinburgh

Date of deal: 01-07-2024

Mi:RNA Ltd is aiming to change the future of animal health treatments through improved, earlier diagnostics, the capital will be used to continue global growth plans and revolutionise animal health testing, improving diagnosis and wellness among the pet, agriculture and equine sectors Funds have been raised from eight investors across three continents, including new investors, NovaQuest (lead Investor), Kyoritsu Holdings (owner of a Japanese animal health company), VANE (Angel Syndicate), Animal Health Angels, and Companion Fund I, LLC (VC). Existing investors adding to the series A round are Gabriel, Equity Gap and Scottish Enterprise.

Agriculture

Legal Advisors Brodies LLP / Burness Paull / McKee Campbell Morrison LLP

Honuworx Ltd, Aberdeen

Date of deal: 05-07-2024

Honuworx Ltd is a company developing underwater robotics to cut the cost and greenhouse emissions of offshore repair and maintenance work has received a seven-figure investment injection ahead of a larger fundraising planned later this year. Investment by Tricapital Angels Ltd and Scottish Enterprise.

Renewables

Legal Advisors Brodies LLP acting for Scottish Enterprise / Anderson Strathern LLP acting for Tricapital Angels Ltd / Harper James LLP acting for Honuworx Ltd

Aveni Ltd, Edinburgh

Date of deal: 24-07-2024

Investment led by Puma Private Equity, with participation from Par, Lloyds, Nationwide and SE.

Fintech

Legal Advisors Brodies LLP acting for Scottish Enterprise / Anderson Strathern acting for Aveni Ltd / CRS LLP acting for Puma Private Equity / TLT LLP acting for Nationwide and Lloyds

James Jones & Sons (Pallets and Packaging) Ltd, Larbert

Date of deal: 09-10-2024

Acquisition by James Jones & Sons (Pallets and Packaging) Limited of Buckinghamshire based H.G. Timber Limited. H.G. Timber supplies range of standard and bespoke pallets and timber products to packaging, food, pharmaceutical and manufacturing companies in the UK and Europe.

Fintech

Legal Advisors Brodies LLP acting for Janes Jones & Sons (Pallets and Packaging) Ltd / Higgs LLP acting for the sellers of H. G. Timber Limited

Qikserve Ltd, Edinburgh

Date of deal: 20-09-2024

Business management software provider the Access Group has acquired digital commerce platform QikServe. The Edinburgh-based business will now become part of the group’s hospitality division, which provides guest booking systems, point of sale equipment, table management software and training.

Software

Legal Advisors Brodies LLP acting for Scottish Enterprise (seller) / MBM acting for the Company

MacArthur Green Limited, Glasgow

Date of deal: 30-09-2024

The shareholders of Glasgow-based consultancy MacArthur Green Limited sold the company to Global environmental consultancy SLR Consulting.

Renewables

Legal Advisors Seller: Brodies LLP / Buyer: DLA Piper
Accountants Seller: Grant Thornton / Buyer: KPMG
Corporate Finance Seller: Grant Thornton

Macarthur Group Limited, Glasgow

Date of deal: 30-09-2024

Advisor to the Shareholders of MacArthur Green on the sale to SLR Consulting

Renewables

Accountants Grant Thornton

DJ Alexander Lettings Limited, Edinburgh

Date of deal: 31-05-2024

Acquisition of Sandstone UK Property Management Solutions.

Other

Accountants Grant Thornton

Scottish Water Horizons Limited, Glasgow

Date of deal: 31-10-2024

Acquisition of three renewable energy centres from Scottish Water Horizons Limited

Renewables

Accountants Grant Thornton

Kinesys Consulting Ltd, Glasgow

Date of deal: 06-08-2024

Clinigen Ltd, the United Kingdom based pharmaceutical company has acquired Kinesys Consulting Ltd, the local consultancy provider for regulatory approval process for Medical Devices. The terms of the deal were undisclosed.

Life Sciences

Corporate Finance EY - advisors to Kinesys Consulting (Target)

Cala Group Ltd, Edinburgh

Date of deal: 18-09-2024

Legal & General Group plc, the listed United Kingdom based insurance group also offering investment management and financial services, agreed to sell Cala Group Ltd, the local residential buildings construction company, to Ferguson Bidco Ltd, a holding company owned by Sixth Street Partners LLC, the United States based global investment firm, and Patron Capital Advisors LLP, a United Kingdom-based private equity firm, for a consideration of £1.16bn, with an enterprise value of £1.35bn. The transaction is expected to complete in Q4 2024.

Construction

Corporate Finance EY - Corporate Finance advisor to the buyer (Sixth Street Partners, Patron Capital Advisers)

GBG1 Ltd, Glasgow

Date of deal: 19-08-2024

Management Buy-Out of the entire issued share capital of TFR Weatherproofing Limited

Construction

Legal Advisors Bellwether Green, Purchaser; Burness Paull, Vendors;
Accountants Robertson Craig, Purchaser; BDO Vendors;

Hillhouse Quarry Group Limited, Troon

Date of deal: 31-07-2024

Acquisition of SGH Investments Limited (and its subsidiary Skene Group Construction Services Limited) plus Balsillie Farm Limited (common ownership but not a sub). Skene produces aggregates, ready mix concrete and concrete blocks. sold into customers operating in the residential and commercial construction sector. primarily service the East Coast of Scotland. Hillhouse primarily service the West Coast so logical geographical expansion

Other

Accountants Grant Thornton

Iomart, Glasgow

Date of deal: 30-09-2024

Acquisition of Atech Cloud by Iomart

Software

Accountants Grant Thornton

The Independent Family Funeral Directors Ltd, Glasgow

Date of deal: 18-09-2024

Acquisition of The Independent Family Funeral Directors Ltd by Scotmid Holdings Ltd

Other

Accountants Grant Thornton

D. & D. Stainless Limited, Glasgow

Date of deal: 20-08-2024

Management Buy - Out of the entire issued share capital of D. & D. Stainless Limited

Construction

Legal Advisors Bellwether Green Limited, Target Group, Holms Mackillop, Purchaser
Corporate Finance HNH Group, Target Group,
Investors / Lenders Levenish Consulting , Purchaser

Edinburgh Homecare t/a Meloosha Homecare Edinburgh Limited, Edinburgh

Date of deal: 22-04-2024

The sale of the target to the Purchaser, and the subsequent grant by the Vendor of a franchise of the Vendor's home care brand to the target post-completion.

Business Services

Legal Advisors Harper Macleod LLP (Vendor) and BBM Solicitors (Purchaser) and Albany Fraser Limited (Vendor)
Accountants Drummond Laurie (Vendor)

Kenoteq Ltd, Edinburgh

Date of deal: 01-05-2024

Further investment by current shareholders & other individuals

Construction

Legal Advisors Harper Macleod (Vendor) and MBM Commercial LLP (Investors)

WBP SCO C LLP, Auchterarder

Date of deal: 01-05-2024

Asset sale by Vendor of 'Waterbabies' franchise business to Purchaser with Franchisor's consent

Business Services

Legal Advisors Harper Macleod (Vendor) Ashtons Legal (Purchaser)

Reath Technology Ltd, Edinburgh

Date of deal: 30-07-2024

Convertible loan note agreement to be entered into between the Reath Technology Limited and Elemental Excelerator inc

Other - Technology

Legal Advisors Harper Macleod

Altsignals Ltd, Aberdeen

Date of deal: 18-04-2024

Reduction of share capital by Altsignals Ltd

Other

Legal Advisors Harper Macleod LLP, Glasgow (Vendor)
Accountants Acumen Accountants, Aberdeen (Vendor)

Packaging with Robots Ltd, Glasgow

Date of deal: 16-07-2024

Acquisition of a minority interest in Packaging with Robots by Coesia

Other

Newgate Technology Limited, Edinburgh

Date of deal: 01-08-2024

Acquisition of Newgate Technology Limited by Athera Healthcare Limited (backed by Aliter Capital)

HealthTech

Kinegar Quarries Limited, Berwickshire

Date of deal: 03-05-2024

We advised Tynedale Roadstone Limited on a business purchase from Kinegar Quarries Limited. This included preparation of the business purchase agreement and property documentation.

Other

Legal Advisors Harper Macleod LLP (Purchaser)

The Full Range Ltd, Glasgow

Date of deal: 11-04-2024

Sale of The Full Range Ltd

Software

Legal Advisors Harper Macleod, Glasgow (for certain Vendors) and Boodle Hatfield, London (Buyer)
Accountants Acumen, Glasgow (Vendors) and PWC, London (Buyer)
Corporate Finance PWC, London (Buyer)

Beringar Ltd, Edinburgh

Date of deal: 19-04-2024

The company recieved £50,000 investment from a private investor.

Other

Legal Advisors Harper Macleod LLP

Perfect Clean Edinburgh Ltd, Edinburgh

Date of deal: 08-04-2024

We advised the shareholder of Perfect Clean Edinburgh Ltd on the sale of shares. This included advising on the share transfer, new articles of association and a shareholders' agreement.

Other

Legal Advisors Harper Macleod LLP, Edinburgh (Vendor)

The Full Range Ltd, Glasgow

Date of deal: 11-04-2024

Sale of The Full Range Ltd

Food & Drink

Legal Advisors Harper Macleod, Glasgow (for certain Vendors) and Boodle Hatfield, London (Buyer)
Accountants Acumen, Glasgow (Vendors) and PWC, London (Buyer)
Corporate Finance PWC, London (Buyer)

Beringar Ltd, Edinburgh

Date of deal: 19-04-2024

The company received a £50,000 investment from a private investor.

Other

Legal Advisors Harper Macleod LLP

Kinegar Quarries Limited, Berwickshire

Date of deal: 03-05-2024

We advised Tynedale Roadstone Limited on a business purchase from Kinegar Quarries Limited. This included preparation of the business purchase agreement and property documentation.

Software

Legal Advisors Harper Macleod LLP (Purchaser)

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

The Harbro Group Limited, Aberdeen

Date of deal: 01-06-2024

Acquisition of Murray Farmcare Limited by The Harbro Group Limited

Agriculture

Legal Advisors Pinsent Masons LLP / Ledingham Chalmers LLP for Buyer
Accountants AAB for Buyer
Corporate Finance AAB for Buyer

DSM Limited, Shetland

Date of deal: 01-06-2024

Acquisition of Johnson Marine Scotland Ltd by a Private Individual

Food & Drink

Legal Advisors Stronachs for Target / Anderson Strathern for Buyer
Accountants AAB for Buyer
Corporate Finance AAB for Buyer

Absoft Limited, Aberdeen

Date of deal: 01-06-2024

Acquisition 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

Rovop Group Limited, Aberdeen

Date of deal: 01-05-2024

Acquisition of Rovop Group Limited by Chouset Group

Other - Technology

Accountants AAB for Target / EY for Buyer
Corporate Finance AAB for Target

Red Rooster Lifting Limited, Aberdeen

Date of deal: 01-05-2024

Acquisition of Red Rooster Lifting Limited by Aquapro B.V

Other - Energy

Legal Advisors Addleshaw Goddard for Target
Accountants AAB for Target
Corporate Finance AAB for Target

Morrison Community Care, Glasgow

Date of deal: 01-05-2024

Acquisition of Morrison Community Care (Euel) by Priory CC125 Limited

Other

Legal Advisors Shoosmiths for Target / Addleshaw Goddard for Buyer
Accountants AAB for Target
Corporate Finance AAB for Target

Ledge 1113 Limited, Aberdeen

Date of deal: 01-04-2024

Acquisition of Ledge 1113 Limited by Trexon

Other - Technology

Legal Advisors Blackwood for Target
Accountants AAB for Target / RSM for Buyer
Corporate Finance AAB for Target

A&R Burnett Limited, Stirling

Date of deal: 01-04-2024

Acquisition of A&R Burnett by SBG Holdings International Limited

Transport

Legal Advisors Gilson Gray for Target / CMS for Buyer
Accountants AAB for Target / Deloitte for Buyer
Corporate Finance AAB for Target

Modutec Holdings Limited, Aberdeen

Date of deal: 01-04-2024

Acquisition of Seaking by Modutec Holdings

Other

Legal Advisors Hill Dickinson for Target
Accountants Internal for Target / AAB for Buyer
Corporate Finance AAB for Buyer

North Group Limited, Aberdeen

Date of deal: 01-03-2024

Acquisition of North Group Limited by Dunham Massey Investment Group Limited

Business Services

Legal Advisors Aberdein Considine for Target / Neath Raisbeck Golding Law for Buyer
Accountants AAB for Target / TML Advisory for Buyer
Corporate Finance AAB for Target

RG Electrical (Scotland) Limited, Aberdeen

Date of deal: 01-02-2024

MBO of RG Electrical (Scotland) Limited by RG ELectrical Management Team

Other - Energy

Legal Advisors Stronachs for Target & Managment team
Accountants AAB
Corporate Finance AAB

ANM Group Limited, Aberdeen

Date of deal: 01-02-2024

Acquisition of Sweeney Kincaid Limited by ANM Group

Agriculture

Legal Advisors Brodies for Target / Aberdein Conisidine for Buyer
Accountants Azets for Target / AAB for Buyer
Corporate Finance AAB for Buyer

Grace Scott Energy Solutions Limited, Aberdeen

Date of deal: 01-01-2024

Acquisition of Grace Scott Energy Solutions Limited by Cegal Limited

Renewables

Legal Advisors Aberdein Considine for Target / Stronachs for Buyer
Accountants AAB for Buyer
Corporate Finance AAB for Buyer

Roy Cowie LBS Limited, Aberdeen

Date of deal: 01-01-2024

Acquisition of Roy Cowie LBS Limited by The Nurture Landscapes Group

Other

Legal Advisors Aberdein Considine for Target / Harper Macleod for Buyer
Accountants AAB for Target
Corporate Finance AAB for Target

Kick ICT Group, Glasgow

Date of deal: 01-01-2024

Investment into Kick ICT by LDC

Software

Legal Advisors MBM for Target / Pinsent Masons for Investor
Accountants AAB for Target / PWC for Investor
Corporate Finance AAB for Target

Rovop Group Limited, Aberdeen

Date of deal: 01-05-2024

Acquisition of Rovop Group Limited by Chouset Group

Oil Services

Legal Advisors N/A for Target and N/A for Buyer
Accountants AAB for Target and EY for Buyer
Corporate Finance AAB for Target
Investors / Lenders ND
Other Advisors ND

Ledge 1113 Limited, Aberdeen

Date of deal: 01-04-2024

Acquisition of Ledge 1113 Limited by Trexon Group

Upstream Oil & Gas

Legal Advisors Blackwood for Target / N/A for Buyer
Accountants AAB for Target / RSM for Buyer
Corporate Finance AAB for Target
Investors / Lenders ND
Other Advisors ND

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)