Wyoming Interactive, Edinburgh

Date of deal: 04-06-2024

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

Business Services

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

Tayburn Holdings Limited, Edinburgh

Date of deal: 25-04-2024

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

Business Services

Legal Advisors Macdonald Henderson – Tayburn / Clerwood Legal - Lewis

Scotwood Macdonald Ltd, Oban

Date of deal: 11-04-2024

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

Agriculture

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

2i, Edinburgh

Date of deal: 30-04-2024

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

Software

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

NeuroClin Ltd, Motherwell

Date of deal: 12-04-2024

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

Life Sciences

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

Link Cable Assemblies Limited, Bellshill

Date of deal: 22-05-2024

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

Manufacturing

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

KJ Tait Engineers Limited, Glasgow

Date of deal: 08-04-2024

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

Construction

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

Inspire Group, Rutherglen

Date of deal: 11-04-2024

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

Other

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

Clan Campbell (Whisky) Limited, Edinburgh

Date of deal: 27-06-2024

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

Food & Drink

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

Emblation Limited, Stirling

Date of deal: 30-04-2024

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

HealthTech

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

Drummond Laurie CA, Falkirk

Date of deal: 19-04-2024

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

Business Services

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

Civils and Drainage Supplies (Group) Limited, Bellshill

Date of deal: 17-06-2024

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

Construction

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

R & W Scott Limited, Carluke

Date of deal: 08-07-2024

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

Manufacturing

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

DJR Sport Ltd, Dumfries

Date of deal: 21-05-2024

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

Other

Legal Advisors Bellwether Green, vendor

Dalriada Veterinary Surgery, Lochgilhead

Date of deal: 29-05-2024

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

Agriculture

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

Tay Lettings Ltd, Glasgow

Date of deal: 28-02-2024

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

Other

Aurora Energy Services Ltd, Aberdeen

Date of deal: 21-12-2023

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

Renewables

Artificial Lift Performance Ltd, Aberdeen

Date of deal: 28-02-2024

Sale of Artificial Lift Performance to ChampionX LLC

Software

DL Bloomer Limited, Glasgow

Date of deal: 16-05-2024

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

Business Services

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

Aurora Avionics, Edinburgh

Date of deal: 28-05-2024

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

IT

Legal Advisors MBM Commercial advised Aurora Avionics

RAM 225 Limited, Blantyre

Date of deal: 08-05-2024

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

Other

Legal Advisors Bellwether Green, Vendor and BTO Solicitors, Purchaser

IndiNature, Jedburgh

Date of deal: 09-01-2024

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

Manufacturing

Legal Advisors Burness Paull advised IndiNature and Shep Wed advised SNIB

Kingdom Technologies Ltd, Glasgow

Date of deal: 26-02-2024

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

Other

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

Lighthouse Carbon Offset Limited t/a Greenfeet, Dunfermline

Date of deal: 09-01-2024

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

Other

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

Roy Cowie LBS Limited, Glasgow

Date of deal: 26-01-2024

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

Other

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

Kingdom Technologies Ltd, Glasgow

Date of deal: 31-01-2024

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

Manufacturing

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

Torishima Service Solutions Europe Limited, Glasgow

Date of deal: 29-02-2024

Sale of Glendevon Hydro Scheme

Other

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

Edinburgh Biosciences Ltd, Grangemouth

Date of deal: 04-03-2024

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

Other - Technology

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

Perfect Clean Edinburgh Ltd, Edinburgh

Date of deal: 21-03-2024

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

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

The firm of Prime Site Properties, Inverness

Date of deal: 31-03-2024

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

Other

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

Synaptec, Glasgow

Date of deal: 06-02-2024

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

Other - Technology

Legal Advisors Burness Paull for Synaptec and Eversheds for Megger

Emtelle, Hawick

Date of deal: 26-03-2024

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

Manufacturing

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

Tay Letting, Glasgow

Date of deal: 01-02-2024

Acquisition of Tay Letting by Lomond Group, backed by LDC

Business Services

Legal Advisors Brodies
Corporate Finance BDO
Investors / Lenders LDC

Aliter Capital, Glasgow

Date of deal: 01-05-2024

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

Software

Investors / Lenders Aliter Capital/Santander

BPD Zenith, Aberdeen

Date of deal: 01-05-2024

Acquisition of US-based Interpro Solutions by BPD Zenith

Software

Investors / Lenders Galanthus Partners/Bain Capital

BPD Zenith, Aberdeen

Date of deal: 01-02-2024

Acquisition of EAM Swiss by BPD Zenith

Software

Investors / Lenders Galanthus Partners/Bain Capital

S Harrison, Edinburgh

Date of deal: 01-01-2024

Singaporean private equity firm backs two Edinburgh student developments

Construction

Investors / Lenders Q Investment Partners

SoConnect, Edinburgh

Date of deal: 29-04-2024

Acquisition of SoConnect by AirIT

IT

Legal Advisors MBM COmmercial for SoConnectLimited

Nami Surgical, Glasgow

Date of deal: 07-05-2024

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

HealthTech

Legal Advisors MBM Commercial advising Nami Surgical

QA Business Travel Limited, Aberdeen

Date of deal: 01-02-2024

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

Business Services

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

Sweeney Kincaid Limited, Glasgow

Date of deal: 30-01-2024

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

Other

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

Kingdom Technologies Limited, Glasgow

Date of deal: 14-02-2024

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

Other

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

Acquire-X Limited, Dundee

Date of deal: 25-04-2024

Acquisition of the entire issued share capital of All Timerberlines Limited

Manufacturing

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

Hamilton Robertson Holdings Limited, Kirkintilloch

Date of deal: 03-05-2024

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

Other

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

Sustain (Scotland) Limited, Glasgow

Date of deal: 16-01-2024

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

Construction

Legal Advisors Macdonald Henderson – Company

Centre Safe Group Limited t/a Lion Safety, Grangemouth

Date of deal: 28-03-2024

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

Retail

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

Kite Group Limited, Edinburgh

Date of deal: 19-01-2024

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

Manufacturing

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

House of Tartan, Crieff

Date of deal: 25-03-2024

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

Retail

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

Iformis Limited, Edinburgh

Date of deal: 26-01-2024

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

Software

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

Dunlaur Services Limited, Glasgow

Date of deal: 01-03-2024

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

Business Services

Legal Advisors Macdonald Henderson – Dunlaur Limited

Contraflow Limited, Glasgow

Date of deal: 25-03-2024

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

Transport

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

Cofficient Limited, Glasgow

Date of deal: 28-03-2024

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

IT

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

BEC Plastics Holdings Limited, Glasgow

Date of deal: 05-03-2024

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

Manufacturing

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

APGK Limited, Kinross

Date of deal: 26-03-2024

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

Other - Energy

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

91BC Property Services Limited, Glasgow

Date of deal: 18-03-2024

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

Business Services

Legal Advisors Macdonald Henderson - 91BC Property Services Limited

My Smash Limited, Edinburgh

Date of deal: 07-02-2024

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

IT

Legal Advisors MBM Commercial advising My Smash Limited

Nude Finance Holdings Limited, Edinburgh

Date of deal: 01-02-2024

Share sale of Nude Finance Holdings Limited to Tembo Money Limited

Fintech

Legal Advisors MBM Commercial for Nude Finance

Panton Mcleod, Selkirk

Date of deal: 14-02-2024

Sale of Panton McLeod to Stonbury (Holdings) Limited

Other

Legal Advisors MBM Commercial for Panton McLeod

Enterobiotix Limited, Glasgow

Date of deal: 26-03-2024

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

Life Sciences

Legal Advisors MBM Commercial acting for SNIB

Acu-Flow Limited, Glasgow

Date of deal: 04-04-2024

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

HealthTech

Legal Advisors MBM Commercial advising Acu-Flow

Glen Clova Scientific Limited, Dundee

Date of deal: 03-04-2023

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

Life Sciences

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

Wobble Genomics, Edinburgh

Date of deal: 19-12-2023

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

Life Sciences

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

QEM Solutions Limited, Moffat

Date of deal: 29-02-2024

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

Business Services

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

EDC Integrated Limited, Erskine

Date of deal: 26-03-2024

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

Other

Legal Advisors Bellwether Green Limited

Intelligent Alternatives Limited, Glasgow

Date of deal: 07-03-2024

Sale of entire issued share capital of Intelligent Alternatives Limited

Other

Legal Advisors Bellwether Green Limited

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

Date of deal: 02-10-2023

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

Kick ICT Group Limited, Bellshill

Date of deal: 29-12-2023

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

IT

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

WEEE Solutions Limited, Paisley

Date of deal: 22-12-2023

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

Other

Legal Advisors Macdonald Henderson, solicitors for the sellers

iomart Group plc, Glasgow

Date of deal: 04-12-2023

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

IT

Legal Advisors RWK Goodman (solicitors for the selling shareholders)

Shore Recycling Limited, Perth

Date of deal: 17-11-2023

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

Other

Legal Advisors Thorntons LLP, agents for the sellers

The Centre, Livingston, Livingston

Date of deal: 04-12-2023

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

Retail

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

Date of deal: 23-10-2024

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

Other

Par Equity, Edinburgh

Date of deal: 12-12-2023

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

Other - Technology

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

Par Equity, Edinburgh

Date of deal: 24-11-2023

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

Manufacturing

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

Par Equity, Edinburgh

Date of deal: 20-12-2024

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

Manufacturing

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

Glox Therapeutics, Glasgow

Date of deal: 14-11-2023

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

Life Sciences

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

The shareholders of Topek Holdings Limited, Glasgow

Date of deal: 11-10-2023

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

Construction

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

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

Date of deal: 01-11-2023

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

Other

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

Scottish Enterprise, Glasgow

Date of deal: 15-11-2023

Investment by SE and others into Beta Bugs Ltd to scale up the production, sale, and supply of its black soldier fly (BSF) eggs and larvae

Other

Waymurr Limited, Aberdeenshire

Date of deal: 14-11-2023

Anderson Anderson & Brown LLP were marketing the business for sale and our client approached them and things proceeded from there. The purchase, by Waymurr Limited, of the entire issued share capital of Dalgarno Chemicals & Oils Limited (now Dalgarno Supplies Limited), a long-running agricultural business based in Aberdeenshire.

Agriculture

Legal Advisors Anderson Anderson & Brown LLP

Crack Map Ltd T/A Ilosta, Glasgow

Date of deal: 15-11-2023

Equity investment by Scottish Enterprise, Equity Gap members and University of Strathclyde

Other

Legal Advisors Brodies LLP – Scottish Enterprise, Wright, Johnstone & Mackenzie LLP – Equity Gap, Burness Paull LLP – Crack Map Ltd

Glox Therapeutics Limited, Glasgow

Date of deal: 17-11-2023

The company is a spin-out from the Universities of Glasgow and Oxford pioneering the development of precision antibiotic therapies based on naturally occurring bacteriocins. The Company will use the funding to establish laboratories in Oxford and Glasgow and expand its team to accelerate its bacteriocin development programme.

Life Sciences

Legal Advisors Brodies LLP – Scottish Enterprise Burness Paull - Boehringer Ingelheim Venture Fund Bonaccord Law – the Company
Investors / Lenders Scottish Enterprise, Boehringer Ingelheim Venture Fund

Cumulus Oncology Limited, Glasgow

Date of deal: 20-12-2023

Investment from Scottish National Investment Bank and EOS Advisory into Cumulus Oncology Limited, by way of a subscription for shares in the capital of Cumulus Oncology Limited.

HealthTech

Legal Advisors Brodies LLP (acted for Scottish National Investment Bank) Burges Salmon (acted for Cumulus Oncology Limited) Thorntons (acted for EOS Advisory)
Investors / Lenders Scottish Investments, Limited EOS Advisory LLP

James Jones & Sons Limited (purchaser), Kinross

Date of deal: 20-11-2023

Kinross based battery storage business LIND has closed a £900,000 seed investment with funding from Green Angel Ventures, Scottish Enterprise, and the University of Strathclyde.

Other

Legal Advisors Brodies LLP acted for Scottish Enterprise Burges Salmon LLP acted for Lind Ltd MBM Commercial LLP acted for Green Angel Ventures Anderson Strathern LLP acted for University of Strathclyde
Investors / Lenders Green Angel Investors, Scottish Enterprise and University of Strathclyde

Screenin3D Limited, Glasgow

Date of deal: 28-07-2023

Seed investment to enable the company to continue its mission of pact cancer drug development and improve the lives of cancer patients by significantly amplifying the screening capabilities of dynamic, live, patient-derived 3D tumour models.

Life Sciences

Legal Advisors Brodies LLP – Scottish Enterprise McKee Campbell Morrison – Certain other investors. Morton Fraser – Company
Investors / Lenders Gabriel Investments, Scottish Enterprise, University of Strathclyde Inspire Entrepreneurs Fund

R3IOT Limited, Glasgow

Date of deal: 25-07-2023

The company is space-based technology spin-out from Strathclyde University. The investment will be used to accelerate growth in the company's core markets including energy, rail, aquaculture and agriculture in the UK and internationally.

Life Sciences

Legal Advisors Brodies LLP – Scottish Enterprise MBM Commercial – Scottish National Investment Bank Burness Paull – the Company Anderson Strathern – University of Strathclyde
Investors / Lenders Scottish Enterprise, Scottish National Investment Bank, AzurX, Other private investors

Level E Research Limited, Edinburgh

Date of deal: 03-04-2023

"Brodies LLP acted for Level E Research Limited, the Edinburgh-based pioneers of AI-driven investment solutions, in relation to two sales of shares by existing shareholders to other existing shareholders. "

Other - Technology

Scottish Enterprise, Glasgow

Date of deal: 10-05-2023

Further investment in Manus Neurodynamica Ltd by Scottish Enterprise, Par Equity and others.

Other - Technology

Legal Advisors Weightmans LLP for Par Equity and MBM Commercial for Manus Neurodynamica Limited

Scottish Enterprise, Glasgow

Date of deal: 23-05-2023

Further investment in Carbogenics Limited by Scottish Enterprise and others.

Other - Technology

Legal Advisors MBM Commercial for Carbogenics Limited

Reflex Vehicle Hire Limited, Coatbridge

Date of deal: 01-06-2023

We acted for Reflex Vehicle Hire Limited in the acquisition of Hireway Solutions.

Transport

Legal Advisors MacRoberts LLP for Hireway Solutions

Shareholders of Complete Energy Controls Ltd, Bellshill

Date of deal: 01-05-2024

Learnd Limited purchased the entire share capital of Complete Energy Controls Ltd, Scotland's leading building management systems (BMS) and remote energy management provider.

Other

Legal Advisors Ashfords for Learnd Limited
Accountants Ian Macfarlane Ltd for Shareholders of Complete Energy Controls Ltd and Price Bailey for Learnd Limited

Midland Steel Reinforcement Supplies (UK) Limited/ Gerard Tralongo, Wishaw

Date of deal: 01-05-2023

Brodies acted for Midland Steel Reinforcement Supplies (UK) Limited's in relation to a reorganisation of its share capital.

Construction

Accountants Robertson Craig

Scottish Equity Partners (SEP), Glasgow

Date of deal: 03-05-2023

Dohop secured additional funding from SEP to further accelerate growth. Since SEP’s initial investment in 2020 (and follow on investment in 2022), Dohop has expanded its affiliations with partner airlines by over 25 carriers across five continents, resulting in a network of more than 50 carriers globally, including AirTransat, Vueling, LATAM, easyJet, and many others.

Other

Legal Advisors Osborne Clarke LLP for Dohop EHF

Old College Capital LP, Edinburgh

Date of deal: 01-05-2023

Equity investment into University of Edinburgh spin-out company, Carbogenics. Investment led by Green Angel Syndicate, with Old College Capital LP (subsidiary of University of Edinburgh) co-investing.

Other

Legal Advisors MBM Commercial LLP for Carbogenics Ltd

DM Hall LLP, Glasgow

Date of deal: 01-05-2023

We acted for DM Hall as the buyer of the entire issued share capital of Hyde Harrington Limited from the target's shareholders. We advised the Buyer on corporate, commercial and employment aspects of the transaction. The deal was cross-border as the sellers and target company are based in England and the deal was governed by English law. DM Hall is a Scottish based Charted Surveyors firm and its acquisition of Hyde Harrington Limited marked their first expansion into England.

Other

Legal Advisors Burnetts LLP for The Shareholders of Hyde Harrington Limited

Scottish Enterprise, Glasgow

Date of deal: 05-06-2023

: Scottish Enterprise invested alongside other investors/existing shareholders in 3F Bio Limited (t/a "Enough").

Food & Drink

Legal Advisors DCS Legal LLP for 3F Bio Limited

Scottish Enterprise, Glasgow

Date of deal: 03-04-2023

Scottish Enterprise invested alongside other investors/existing shareholders in Dyneval Limited

Other

Legal Advisors DCS Legal LLP for Par Equity/Kelvin Capital/Gabriel and Thorntons Law LLP for Dyneval Limited

DR Macleod Ltd, Stornoway

Date of deal: 01-05-2023

Family business DR Macleod Ltd sold its haulage business and assets to DFDS Logistics, a leading ferry and logistics business.

Other

Legal Advisors Harper Macleod LLP for DFDS Logistics Ltd

Shareholder of Queensferry Hotels Limited, Dunfermline

Date of deal: 12-06-2023

The sale and purchase of the entire issued share capital of Queensferry Hotels Limited being the owner of Keavil House Hotel, Dunfermline, Fife.

Other

Gareth Biggerstaff, Waseem Anwar, David Kerr, Glasgow

Date of deal: 17-03-2023

Management buy out of existing shareholders in Be-IT Resourcing Limited and subsidiaries. The selling shareholders received cash and equity in a new holding company of Be-IT Resourcing Limited at completion.

Other - Technology

Legal Advisors Addleshaw Goddard LLP for Nikola Kelly & Ors, Pinsent Masons LLP for Thincats
Accountants Mazaars LLP for Gareth Biggerstaff, Waseem Anwar, David Kerr