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

Scottish Enterprise/ Old College Capital, Edinburgh

Date of deal: 20-02-2023

Further investment round

Other

Robin Forsyth, Kilmarnock

Date of deal: 06-03-2023

): Robus purchased the entire share capital of Fusebox via their newly incorporated Scottish holding company, CP (Electric) Management Services Ltd from sole shareholder Robin Forsyth.

Manufacturing

Legal Advisors Reagan Wall for Robus L.E.D Lighting and Electrical Distribution Group Limited
Accountants AAB for Robin Forsyth and PKF for Robus L.E.D Lighting and Electrical Distribution Group Limited

Scottish Enterprise, Glasgow

Date of deal: 21-02-2023

Further investment in Liftango Limited by Scottish Enterprise by way of issue of convertible loan notes.

Transport

Legal Advisors RWB Blears LLP for Maven Capital

Old College Capital LP, Edinburgh

Date of deal: 01-03-2023

Equity investment into University of Edinburgh spin-out company, Rhizocore Technologies. Investment led by ReGen, with Old College Capital LP (subsidiary of University of Edinburgh) co-investing.

Life Sciences

Legal Advisors MBM Commercial LLP for Rhizocore Technologies Ltd

Deltatek Oil Tools Limited, Aberdeen

Date of deal: 08-02-2023

The Shareholders of Deltatek Oil Tools Limited sold the entire issued share capital in Deltatek Oil Tools Limited to Exploration and Production Services (Holdings) Limited.

Oil Services

Legal Advisors CMS for Exploration and Production Services (Holdings) Limited
Accountants Hutcheon Mearns

Management Team of Global Energy, Aberdeen

Date of deal: 06-02-2023

We acted for the management team of Global Energy (Engineering & Construction) Limited in the proposed disposal of 100% of the issued share capital in the company to SCF Partners and separately advised them on the legal aspects of the re-investment of certain of their proceeds from the disposal. The management team retained their positions and have retained a material interest in the group. Global Energy (Engineering & Construction) Limited are an integrated EPC contractor focused on the UK North Sea Brownfield Market. The Management Team sought out the specialist corporate advice of our team as we have been involved in a number of transactions advising management teams in transactions involving SCF Partners

Manufacturing

Legal Advisors Stronachs LLP for SCF Partners, Blackwood Partners LLP
Accountants Hutcheon Mearns (Corporate Finance)

Argyll and Bute Council, Kilmory

Date of deal: 06-03-2023

Purchase of Kintyre Care Centre

Other

Legal Advisors Gowling WLG for HC-One Limited and for HC-One Properties 2 Limited

Parklands Limited, Aberdeen

Date of deal: 01-03-2023

We acted for Parklands Limited in respect of the acquisition of two care homes from Craigard Homes (in administration).

Other

Legal Advisors Burges Salmon for Craigard Homes

AlbaCo Ltd (now Alba Bank Limited), East Kilbride

Date of deal: 24-02-2023

Confidential investor investing in challenger bank, AlbaCo Ltd (now Alba Bank Limited), to support and facilitate mobilisation.

Other

Gresham House Forest Growth & Sustainability LP, Perth

Date of deal: 04-06-2023

We are advising Gresham House Asset Management on further closings for its Gresham House Forest Growth & Sustainability Fund, with £200 million raised from investors including Scottish National Investment Bank. The fund's strategy aims to deliver sustainable capital growth through new productive woodland creation, whilst also providing exposure to income generating existing forestry. The fund aims to capture 1.3 million tonnes of CO2 over 20 years and aims to generate carbon credits in the form of Woodland Carbon Units (WCUs) which will create additional value or be used to offset carbon emissions on a voluntary basis.

Other

Gresham House British Sustainable Infrastructure Fund II, Guernsey

Date of deal: 04-06-2023

We advised Gresham House Asset Management on the successful further closings for its flagship sustainable infrastructure fund: Gresham House British Sustainable Infrastructure Fund II ('BSIF II'). BSIF II raised £150 million at second close. BSIF II invests in new Sustainable Infrastructure: real asset based solutions developed to address environmental and societal challenges. Specifically, it focuses on six sub-sectors where its Sustainable Infrastructure solutions have the potential for greatest impact and financial reward: resource efficiency; digital inclusion; waste solutions; regeneration; decarbonisation; health and education.

Infrastructure

Solutions Healthcare Limited, Glasgow

Date of deal: 31-01-2024

Acquisition of the leading healthcare insurance brokers, Solutions Healthcare Ltd, by The Ardonagh Group.

Business Services

Legal Advisors Vialex, vendor; Bankhouse Jones, buyside.
Corporate Finance HNH, vendor.

Weee Solutions Limited, Paisley

Date of deal: 22-12-2023

Acting for the shareholders of WEEE Solutions, the independent waste electrical and electronic equipment recycler on the disposal of the company to Enva, the leading waste management and resource recovery business

Manufacturing

Legal Advisors Macdonald Henderson - Sellers; Pinsent Masons - Buyer
Accountants AAB - Sellers

Originel Ltd, Johnstone

Date of deal: 07-12-2023

Advising Originel, the early stage software development company, on the raising of a term loan facility from The Reward Group to position the business for a new HR product launch and future growth

Software

Legal Advisors Macdonald Henderson - Company; Gillespie McAndrew - The Reward Group

Nexus Packaging Ltd, Glasgow

Date of deal: 04-12-2023

Advising multi-generational Scottish family business Nexus Packaging on the facilities, banking and security aspects of a £4.1m facility provided by Royal Bank of Scotland plc, to finance the development of a new industrial warehouse to be used as a blow moulding factory in the West of Scotland.

Manufacturing

Legal Advisors Macdonald Henderson - Company; Building Law Practice LLP - Company; Brodies - Royal Bank of Scotland

Mclaggan Smith Mugs Limited, Alexandria

Date of deal: 20-12-2023

Acting for (N4 backed) McLaggan Smith Mugs, specialising in the decorating and supply of bone china mugs, and other decorative products, in relation to the acquisition of Ceramicraft, a specialist in the supply of transfers for the decoration of ceramics

Manufacturing

Legal Advisors Macdonald Henderson - Company; RJS Solicitors - Sellers
Investors / Lenders N4 Investment Ltd

Link Cable Assemblies Ltd, Bellshill

Date of deal: 12-12-2023

Advising Link Cable Assemblies, the Scottish manufacturer of bespoke cable assemblies, control panels and associated electronic components, in relation to a company buyback from a private shareholder

Manufacturing

Legal Advisors Macdonald Henderson - Company; Baird Legal - Individual/Shareholder

Harper Stairmand Limited, Perth

Date of deal: 18-12-2023

Advising the founder shareholder in Harper Stairmand, the well- established Scottish insurance broker, on a part-disposal of shareholding to a leading UK consolidator

Business Services

Legal Advisors Macdonald Henderson – Shareholder/Individual; Morton Fraser MacRoberts - Buyer

Gordon Ferguson Holdings Limited, Glasgow

Date of deal: 05-12-2023

Advising Gordon Ferguson, the growing Central Scotland accountancy firm on the acquisition of the client book, business, and assets of another Scottish accountancy firm

Other

Legal Advisors Macdonald Henderson - Company

GHI Contracts Holdings Ltd, Bellshill

Date of deal: 29-11-2023

Advising leading Scottish fit-out and refurbishment specialist company GHI Contracts on the final tranche of a share buyback from founder shareholders, the culmination of a buyout process which commenced in 2017.

Construction

Legal Advisors Macdonald Henderson - Company

Filtec Group Ltd, Irvine

Date of deal: 02-10-2023

Advising Scottish water filter refurbishment company Filtec Group on the buyback of shares held by private shareholder

Other

Legal Advisors Macdonald Henderson - Company

Fencepoint Holdings Ltd, Grangemouth

Date of deal: 16-10-2023

Acting for a newly incorporated family-run company in the acquisition of the entire issued share capital of Fence & Decking a Fife-based timber merchant and ironmonger specialising in fencing and decking

Manufacturing

Legal Advisors Macdonald Henderson - Buyer; Andrew Baillie - Sellers
Accountants Drummond Laurie - Buyer

NeuroClin Ltd, Motherwell

Date of deal: 04-10-2023

Advising NeuroClin Ltd, the pioneering neurological research organisation headquartered at Eurocentral, Scotland’s leading industrial and business hub on the completion of a seven figure investment by N4 Partners.

Life Sciences

Legal Advisors Macdonald Henderson - NeuroClin Ltd/Private Individual; Anderson Strathern - Investors
Investors / Lenders N4 Investments Limited

AWMS Engineering Ltd, Airdrie

Date of deal: 18-12-2023

Acting for a private shareholder in AWMS, the Scottish engineering services business, in relation to a share buyback

Manufacturing

Legal Advisors Macdonald Henderson - private shareholder
Accountants Libratum Accountancy

Freeflow Technologies Limited, Glasgow

Date of deal: 19-05-2023

Equity investment into Freeflow Technologies, a designer & manufacturer of E-Bike technology.

Other - Technology

Corporate Finance Chiene + Tait LLP (t/a CT), acting for Freeflow Technologies Limited.
Investors / Lenders Kelvin Capital Limited, Seedrs

FORTH POINT ANALYTICS LIMITED, Edinburgh

Date of deal: 28-02-2023

Acquisition of Forth Point Analytics Limited by Blend360 International Holdings LLC.

IT

Legal Advisors MBM Commercial LLP, acting for Forth Point Analytics Limited.
Corporate Finance Chiene + Tait LLP (t/a CT), acting for Forth Point Analytics Limited.
Other Advisors Chiene + Tait LLP (t/a CT), acting for Forth Point Analytics Limited (tax advisors).

B & D 2010 GROUP LIMITED, Glasgow

Date of deal: 02-10-2023

Acquisition of B&D 2010 Group by Macfarlane Group UK Limited.

Transport

Legal Advisors Wright, Johnston & Mackenzie LLP, acting for Macfarlane Group UK Limited. Davidson Chalmers Stewart LLP, acting for B&D 2010 Group.
Corporate Finance Chiene + Tait LLP (t/a CT), acting for B&D 2010 Group

Re-Tek (UK) Limited, Glasgow

Date of deal: 12-01-2024

Circular IT group's acquisition of Re-Tek (UK) Limited.

IT

Accountants Hill Dickinson LLP, acting for Circular IT Group. BTO Solicitors LLP, acting for Re-Tek (UK) Limited
Corporate Finance Chiene + Tait LLP (t/a CT), acting for Re-Tek (UK) Limited

Tritonia Scientific Ltd, Oban

Date of deal: 27-10-2023

We advised the shareholders of Tritonia Scientific Ltd on the sale of 51% of the shares in the company to Ocean Ecology Limited.

Other

Legal Advisors Harper Macleod LLP, Glasgow (Vendors) and Harrison Clark Rickerbys, Cheltenham (Purchaser)
Accountants Ainsley Smith & Co, Oban (Vendors)

UWS Drinks Ltd, Glasgow

Date of deal: 06-10-2023

Joint Venture between UWS Drinks, XIX Vodka Ltd and online Influencers Sidemen via their venture company Sidemen Ventures Limited for the development and commercialisation of a celebrity endorsed premium alcohol and non-alcoholic drinks business.

Food & Drink

Legal Advisors Harper Macleod
Other Advisors Sheridans LLP

Dalcross Holdings, Inverness

Date of deal: 18-10-2023

We advised John MacCallum and Niall Scoular on the sale of their shares in the Dalcross group, which provides ground handling and other aviation services, to Skytanking UK Ltd.

Transport

Legal Advisors Harper Macleod LLP

Formedix Limited, Glasgow

Date of deal: 10-10-2023

Certara, Inc. (Nasdaq: CERT) today announced it has acquired Formedix, a provider of clinical metadata repository and clinical trial automation software. The acquisition enhances the Certara Pinnacle 21 data standardization platform used to prepare and standardize clinical data for analysis and regulatory submissions.

Other - Technology

Legal Advisors Harper Macleod LLP, Shoosmiths LLP, Troutman Pepper Hamilton Sanders LLP, Amy Mastrobattista Law Offices, Burness Paull LLP
Accountants DAC Beachcroft
Corporate Finance Covington Associates
Other Advisors JP Morgan Escrow Services

Jean and Martine Donnay, Majorca, Spain

Date of deal: 13-10-2023

Sale of assets relating to a distillery project by Jean and Martine Donnay to Chivas Brothers Limited

Food & Drink

Legal Advisors Harper Macleod LLP - 1st Party Mayer Brown International LLP and Shepherd & Wedderburn - 2nd party (S+W Glasgow)

European Fermentation Products Limited, Glasgow

Date of deal: 16-11-2023

Sale of the business and certain assets of Rainbow Dust Colours Limited to European Fermentation Products Limited (forming part of the Albex Group).

Food & Drink

Legal Advisors Harper Macleod LLP, Glasgow (Purchaser). Walker Morris LLP, Leeds (Vendor)

STIRLINGSHIRE VENDING (SCOTLAND) LIMITED, ALLOA

Date of deal: 31-10-2023

"UK-based Lavazza Professional has acquired Scottish vending machine operator SV24-7 Vending for an undisclosed sum. SV24-7, a Clackmannanshire-based family business with more than 60 years experience in the vending industry, primarily provides vending and office coffee services for the Scottish education, healthcare and government sectors. Alongside a range of bean to cup and instant self-serve coffee machines, SV24-7's wholesale division provides coffee, tea, milk, sugar and coffee cup packaging to customers across Glasgow, Edinburgh and Tayside."

Food & Drink

Legal Advisors Harper Macleod LLP
Other Advisors Freeths LLP

Dayshape Software Limited, Edinburgh

Date of deal: 13-04-2023

Investment in Edinburgh-based resource management software vendor, supported by Cow Corner.

Software

Legal Advisors Dickson Minto, vendor; Shoosmiths, investor.
Corporate Finance HNH, vendor.
Investors / Lenders Cow Corner.

Forecast Data Services, Edinburgh

Date of deal: 09-05-2023

Acquisition of Edinburgh-based leader in providing clients with further access to leading data science and analytics talent and world class, data-driven solutions, by Kin + Carta plc.

Other - Technology

Corporate Finance HNH, vendor.

Aqualife Services Limited, Stirling

Date of deal: 31-07-2023

Investment in Stirling-based aquaculture welfare experts, Aqualife, supported by Bimeda UK and other private investors.

Life Sciences

Legal Advisors Addleshaw Goddard, vendor.
Corporate Finance HNH, vendor.

Sidey Limited, Perth

Date of deal: 13-07-2023

Acquisition of the leading, Perth-based, windows and doors manufacturer, by Inwido AB.

Manufacturing

Legal Advisors Brodies, vendor; Dentons, purchaser.
Corporate Finance HNH, vendor.

Realise Energy Services Limited, Perth

Date of deal: 11-09-2023

Investment in technical engineering specialist which maintains over 200 onshore wind turbines across the UK via the provision of remote monitoring, scheduled and unscheduled inspection and maintenance services, supported by Rockpool Investments.

Renewables

Legal Advisors Macroberts, vendor; Stevenson Harwood, investor.
Corporate Finance HNH, vendor.
Investors / Lenders Rockpool Investments.

Carbon Capture Scotland Limited, Dumfries

Date of deal: 27-04-2023

Investment in Dumfries-based net-zero carbon capture energy specialist, supported by The Steyn Group.

Renewables

Legal Advisors Thorntons, vendor; Addleshaw Goddard, investor.
Corporate Finance HNH, vendor.
Investors / Lenders The Steyn Group

Bullet Express Limited, Glasgow

Date of deal: 16-10-2023

Logistics and storage company, Bullet Express, acquired in Private Equity-backed MBO, supported by Panoramic Growth Equity and Maven Capital Partners.

Business Services

Legal Advisors BTO, vendor; Addleshaw Goddard, buyside.
Corporate Finance HNH, vendor.
Investors / Lenders Panoramic Growth Equity, Maven Capital Partners.

Carbon Financial Partners Limited, Perth

Date of deal: 30-11-2023

Acquisition of leading IFA, by Progeny Group.

Business Services

Legal Advisors Clarke Wilmott, vendor; Squire Patton Boggs, purchaser.
Corporate Finance HNH, vendor.

Xelect Limited, St Andrews

Date of deal: 30-11-2023

Acquisition of the leading independent experts in genetic services for aquaculture, by Genus plc.

Life Sciences

Legal Advisors Thorntons, vendor; Burges Salmon, purchaser.
Corporate Finance HNH, vendors.

1nhaler, Edinburgh

Date of deal: 27-11-2023

1nhaler, an Edinburgh, Scotland, UK-based drug delivery device developer, has raised £2M in funding.

HealthTech

Legal Advisors MBM Commercial for Archangels
Investors / Lenders Archangels with support from Dr Yusuf Hamied, British Business Investments (BBI) and seed investors.

Mocean Energy, Aberdeen/Edinburgh

Date of deal: 13-11-2023

£2.2 million new equity alongside a £500,000 grant. Equity from Equity Gap, Scottish Enterprise and Old College Capital alongside new shareholders Norwegian impact investors Katapult Ocean and MOL PLUS, the corporate venture capital arm of listed Japanese shipping conglomerate MOL.

Renewables

Legal Advisors MBM Commercial for Mocean Energy
Investors / Lenders Equity Gap, Scottish Enterprise and Old College Capital alongside new shareholders Norwegian impact investors Katapult Ocean and MOL PLUS, the corporate venture capital arm of listed Japanese shipping conglomerate MOL.

C J Lang, Dundee

Date of deal: 06-10-2023

CJ Lang acquired ScotFresh chain

Retail

Legal Advisors MBM Commercial for C J Lang

Hamilton Waste & Recycling, Edinburgh

Date of deal: 24-11-2023

Acquisition by Biffa

Business Services

Legal Advisors MBM Commercial for Hamilton Waste

Carcinotech, Edinburgh

Date of deal: 22-12-2024

£4.2 m investment, Eos Advisory led the investment alongside the Investment Fund for Scotland, Scottish Enterprise, Old College Capital, Investing Women Angels, and existing investors TRICAPITAL, SIS Ventures, Gabriel Investment Syndicate and Alba Equity. It is also the first equity deal from the £150m Investment Fund for Scotland, through appointed fund managers Maven, on behalf of the British Business Bank.

Life Sciences

Legal Advisors MBM Commercial
Investors / Lenders EOS, Invetment Fund for Scotland, Scottish Enterrpsie, OCC, Investing Women Angels, TRI CAPITAL, SIS, Gabriel and Alba Equity

M&Co, Glasgow

Date of deal: 28-02-2023

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

Retail

Deans Holdco Limited, Glasgow

Date of deal: 31-10-2023

Sale of Deans Holdco Limited to RSK Environment Ltd

Construction

3F Bio Limited, Glasgow

Date of deal: 31-08-2023

Minority investment in 3F Bio Limited (t/a ENOUGH) by WF World Fund Management GmbH. ENOUGH is a food-tech company with technology to grow a sustainable source of food protein, tackling the combined issues of feeding a growing global population and the unsustainable impact of traditional protein farming. ENOUGH is building the world's largest mycoprotein factory which will initially grow 10,000 tonnes per annum and which targets production of over a million tonnes cumulatively within 10 years of its launch in February 2023.

Food & Drink

Helensburgh Motor Holdings Limited, Helensburgh

Date of deal: 20-12-2023

Employee Ownership Trust purchase of the entire share capital of Helensburgh Motor Holdings Limited.

Retail

Legal Advisors Bellwether Green Limited

Clyde Property Limited, Glasgow

Date of deal: 21-11-2023

Sale of assets relative to the letting agency in Ayr operated by Clyde Property Limited to Lomond Estate Agents Limited

Other

Legal Advisors Bellwether Green, Seller Wallace Hodge Solicitors, Buyer

Dieselec Holdings Limited, Milngavie

Date of deal: 01-11-2023

Purchase of the entire issued share capital of Dieselec Holdings Limited

Other

Legal Advisors Bellwether Green Limited

Kirkstone Holdings (Scotland) Limited, Livingston

Date of deal: 31-07-2023

The Property Team recently completed the sale of two industrial units in Livingston for our client, Kirkstone Holdings (Scotland) Limited, for a combined consideration of over £7m.

Other

40 Princes Street, Edinburgh

Date of deal: 14-08-2023

Pinsent Masons completed the purchase of 40 Princes St, Edinburgh (a large multi-let retail and office building which is home to Princes Street’s H&M store) for Remake Live SCPI (a French retail investment fund), for £29.5m

Other

Legal Advisors Dentons

abrdn plc, Edinburgh

Date of deal: 01-09-2023

Pinsent Masons is advising global investment company, abrdn plc, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT.

Business Services

Legal Advisors Evercore, PwC, White & Case

Ross-shire Engineering Limited, Ross-shire, Inverness

Date of deal: 25-08-2023

Pinsent Masons has advised MML Capital Partners Fund 8 on its minority investment in Ross-shire Engineering Limited, which included the rollover investment by existing management. Ross-shire Engineering Limited is the UK's leading technology provider to the water industry. It specialises in the design, manufacture and maintenance of water treatment plants. MML is a longstanding PE client of the firm, with this representing the first transaction for its new partnership fund and one of MML’s largest deals based on the (confidential) EV of £180 million.

Other - Technology

Legal Advisors Stronachs, Wright Johnston Mackenzie and Harper Macleod.
Corporate Finance DC Advisory

HFD Group, Glasgow

Date of deal: 04-07-2023

Pinsent Masons has advised on the reorganisation of HFD Group, seeing a sizeable element of its property investment portfolio returned to shareholders

Other

Castle Game (Scotland) Ltd, South Queensferry

Date of deal: 12-07-2023

HM assisted founder Andrew Smith in selling his shareholding in Castle Game (Scotland) Ltd

Food & Drink

Legal Advisors Harper Macleod LLP

Calcluth & Sangster (Insurance Brokers) Limited, Glasgow

Date of deal: 11-09-2023

HM assisted Stuart McGregor in selling his shareholding in Calcluth & Sangster (Insurance Brokers) Limited to Greenwood Moreland, part of JMG Group.

Business Services

Legal Advisors Harper Macleod LLP (Glasgow, for the Vendor) MacRoberts (Glasgow, for the Purchaser)
Accountants Milne Craig