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20 Apr 2026

Deals

DealTrack

DealTrack is the only real-time guide to deals completed in Scotland. You can search for information on deals completed by vendor, seller, by sector, lead advisor, and funders. You can filter by deal type, region, city, and financial quarter.

Submit your deal announcements by filling out the DealTrack Submission Form. It’s easy to use, and only takes minutes to fill in. We upload all submitted deals every Thursday. There is no word limit when completing the Deal Description.

Hurricane Energy plc, Aberdeen

Lead Advisor: Pinsent Masons LLP  |  Date of deal completed: 20-03-2023
"Pinsent Masons is advising the Prax Group, a British multinational independent refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and bio-fuels (“Prax”), in respect of the offer by Prax Exploration & Production plc to acquire the entire issued and to be issued share capital of AIM listed exploration and production company, Hurricane Energy plc (“Hurricane”). The acquisition, which is governed by the UK Takeover Code, is intended to be implemented by way of scheme of arrangement (""the Scheme""), for a total potential consideration of £249 million. Prax’s intention to make a firm offer for Hurricane was made pursuant to an announcement in accordance with Rule 2.7 of the UK Takeover Code at 7.30am on 16 March.
Upstream Oil & Gas

James Fisher and Sons plc, Scotland (various)

Lead Advisor: Pinsent Masons LLP  |  Date of deal completed: 06-03-2023
"Pinsent Masons has advised longstanding, specialist turnaround private equity client Rcapital on its acquisition of a division of companies and several properties across England and Scotland, comprising James Fisher and Sons plc’s nuclear decommissioning services business. The purchase price is confidential.
Other - Energy

abrdn, Scotland

Lead Advisor: Pinsent Masons LLP  |  Date of deal completed: 02-03-2023
"Pinsent Masons is advising global investment company, abrdn, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT. The deal involves the transfer of approximately £6.1 billion in assets under management and approximately 140 employees. The agreed purchase price to be paid at completion is £140 million, subject to certain adjustments, principally reflecting activity in the period to completion. The sale is expected to complete in the second half of 2023, following satisfaction of certain conditions including receipt of customary regulatory approvals.
Other
Legal Advisors Jersey and Guernsey support was provided by Mourant Ozannes

Lloyds Banking Group, Scotland (various)

Lead Advisor: Pinsent Masons LLP  |  Date of deal completed: 22-02-2023
Pinsent Masons has advised Lloyds Banking Group on the acquisition of electric vehicle leasing provider Tusker from ECI for c.£300 million.
Other

Patersons Quarries Limited & Alan Wiseman, Coatbridge

Lead Advisor: Pinsent Masons LLP  |  Date of deal completed: 03-04-2023
Advised Patersons Quarries Limited and Alan Wiseman on their further investment and refinance of the Hamilton Park Racecourse Hotel Company Limited, their original investment having taken place in 2018. The investment included both equity and loan notes and required a confirmation of the existing security.
Other
Legal Advisors MacRoberts advised the Company, Ness Gallagher advised the incoming investor

Class For Kids, Glasgow

Lead Advisor: Burness Paull  |  Date of deal completed: 15-02-2023
We advised The Access Group (Access UK Ltd), a multinational software business, on its acquisition of Glasgow headquartered Class For Kids.
Software
Legal Advisors Burness Paull - Purchaser. Blackadders - Seller
Accountants PwC (Purchaser side)
Corporate Finance PwC (Purchaser side)

Dyneval Ltd, Edinburgh

Lead Advisor: Kelvin Capital Ltd  |  Date of deal completed: 30-03-2023
Follow-on investment round in Dynval led by Kelvin Capital alongside Gabriel Investments, Par Equity and Scottish Enterprise
Agriculture
Legal Advisors Davidson Chalmers Stewart for Kelvin Capital
Investors / Lenders Kelvin Capital (lead), Scottish Enterprise, Gabriel Investments, Par Equity

KultraLab, Edinburgh

Lead Advisor: Kelvin Capital Limited  |  Date of deal completed: 23-01-2023
Investment round in KultraLab by Kelvin Capital and supported by Scottish Enterprise
Software
Legal Advisors Davidson Chalmers Stewart acting for Kelvin Capital. Missions acting for KultraLab
Investors / Lenders Scottish Enterprise

Stevenson Bros. (Avonbridge) Limited, Avonbridge

Lead Advisor: Wright, Johnston & Mackenzie LLP  |  Date of deal completed: 10-03-2023
Sale of significant Scottish run family haulage company to large UK competitor funded without the use of any private equity.
Other
Legal Advisors Wright, Johnston & Mackenzie LLP for Sellers; Baines Wilson LLP for the Buyer;

Weld-Tech Services Limited, Ellon

Lead Advisor: Wright, Johnston & Mackenzie LLP  |  Date of deal completed: 01-01-2023
Sale of well-established welding and fabrication company based in the North of Scotland by a growing UK aggregator.
Manufacturing
Legal Advisors Wright, Johnston & Mackenzie LLP for the Sellers; Blackadders Solicitors for the Buyer;
Accountants The Long Partnership for the Sellers;

Clevermed Limited, Edinburgh

Lead Advisor: Johnston Carmichael  |  Date of deal completed: 01-02-2023
The sale of Clevermed Limited, the provider of leading maternity and neonatal patient record software, to System C Healthcare.
HealthTech
Legal Advisors Vialex (Vendor)
Corporate Finance Johnston Carmichael (Vendor)

Romar-Abrado, Aberdeenshire

Lead Advisor: Johnston Carmichael  |  Date of deal completed: 09-01-2023
The sale of Romar-Abrado to Archer. Romar-Abrado is an amalgamation of Romar International Limited and Abrado Inc. and specialises in providing magnetic separation and swarf handling services together with advanced milling services to the global Plugging and Abandonment (P&A) market. Archer, publicly traded on the Oslo Stock Exchange, provides comprehensive drilling services, well integrity & intervention, P&A and decommissioning to its upstream oil and gas clients.
Oil Services
Legal Advisors Brodies (Vendor); Burness Paull (Buyer)
Accountants Johnston Carmichael (Vendor)
Corporate Finance Johnston Carmichael (Vendor)

Lees Foods Limited, Coatbridge

Lead Advisor: Johnston Carmichael  |  Date of deal completed: 27-01-2023
Sale of Lees Foods Ltd to Finsbury Food Group plc
Food & Drink
Legal Advisors Burness Paull (Vendors)
Accountants Johnston Carmichael (Vendors)
Corporate Finance Johnston Carmichael (Vendors)

Firefish Software Limited, Glasgow

Lead Advisor: Deloitte (advisor)  |  Date of deal completed: 24-03-2023
Growth capital investment into Firefish Software by Foresight Group
Software
Legal Advisors Addleshaw Goddard (Vendor), Shoosmiths (Investor)
Corporate Finance Deloitte (Vendor)
Investors / Lenders Foresight

Nile HQ, Edinburgh

Lead Advisor: MBM Commercial  |  Date of deal completed: 10-02-2023
Acquisition of Dig Inclusion and its flagship accessibility product, Hugr, by Nile HQ.
Creative
Legal Advisors MBM Commercial for NileHQ

DirectID, Edinburgh

Lead Advisor: MBM Commercial  |  Date of deal completed: 22-02-2023
Minority investment in Edinburgh-based Fintech DirectID by Ingka Investments .
Fintech
Legal Advisors MBM Commercial for DirectID
Investors / Lenders Ingka Investments

BioLiberty, Edinburgh

Lead Advisor: MBM Commercial  |  Date of deal completed: 31-03-2023
£2.2 million equity funding led by Archangels with participation from Eos Advisory, Old College Capital and Hanna Capital SEZC.
HealthTech
Legal Advisors MBM Commercial for Bioliberty
Investors / Lenders Archangel (Lead), Eos Advisory, Old College Capital and Hanna Capital SEZC

MRM Global, Edinburgh

Lead Advisor: MBM Commercial  |  Date of deal completed: 31-03-2023
Follow-on investment from BGF
Software
Legal Advisors MBM Commercial for MRM Global
Investors / Lenders BGF

Alba Trees, Tranent

Lead Advisor: MBM Commercial  |  Date of deal completed: 22-03-2023
Cibus Fund II (‘Cibus’), the specialist sustainable food and agriculture fund, acquired Alba Trees Limited.
Agriculture
Legal Advisors MBM Commercial for Alba Trees, Pennington Marches Cooper for CIbus
Investors / Lenders Cibus Fund II

Indinature, The Borders

Lead Advisor: MBM Commercial  |  Date of deal completed: 09-01-2023
Follow on investment of £2m to Indinature from Scottish National Investment Bank.
Manufacturing
Legal Advisors MBM Commercial for Indinature
Investors / Lenders Scottish National Investment Bank

Wholesale Domestic, Glasgow

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 04-01-2023
Acting for Wholesale Domestic, Scotland’s leading bathroom supplier (to trade and retail) in the refinance of the group by Barclays Bank PLC, to position the group for future growth
Retail
Legal Advisors Macdonald Henderson acting for Wholesale Domestic; TLT LLP acting for Barclays Bank

Opulus Financial, Scotland

Lead Advisor: Macdonald Henderson  |  Date of deal completed: 10-02-2023
Advising Opulus in joining forces with Wylie & Bisset, Accountants and Business Advisers, to expand its unique Chief Financial Officer (CFO) solutions offering throughout Scotland
Business Services
Legal Advisors Macdonald Henderson for Opulus; Morton Fraser for Wylie & Bisset

Opulus Financial, Scotland

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 09-02-2023
Advising Opulus on a £10 million growth capital facility to support further expansion plans of the enlarged group provided by SME Capital, the institution founded to provide bespoke funding for established SMEs
Business Services
Legal Advisors Macdonald Henderson acting for Opulus ; Pinsent Masons acting for SME Lending Ltd

HS Vision Ltd, Scotland

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 29-03-2023
Acting for Hindsight, the award-winning developer of the HindSight rear-vision cycling glasses, in an investment by Scottish Enterprise, Gabriel Investments and other private investors
Other - Technology
Legal Advisors Macdonald Henderson acting for Hindsight; Burness Paull – acting for Scottish Enterprise; MCM Commercial – acting for Gabriel Investments
Investors / Lenders Scottish Enterprise; Gabriel Investments

A&J Hilston Limited, Falkirk

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 31-01-2023
Acting for the sellers A & J Hilston in the sale of the entire issued share capital of an established double glazing and joinery business.
Manufacturing
Legal Advisors Kerr Stirling LLP – acting for purchaser; Macdonald Henderson acting for Vendor
Accountants Drummond Laurie

Hillfoot Garage Limited, Glasgow

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 01-03-2023
Advising Scottish operator Hillfoot, on the sale of an independently owned but well established fuel station and associated business, to a consolidating trade buyer.
Retail
Legal Advisors MacRoberts acting for Purchaser; Macdonald Henderson acting for Seller

EMAC Engineering Holdings Ltd, Invergordon

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 24-01-2023
Advising EMAC Engineering, the Scottish technical (mechanical, pipe fabrication & welding) engineering company on the acquisition of a trade competitor
Construction
Legal Advisors Macdonald Henderson acting for Purchaser
Accountants Consilium acting for Purchaser

The Electric Heating Company, Blantyre

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 27-01-2023
Acting for founder shareholders in the disposal of a majority stake in Electric Heating Company, the UK’s foremost suppliers of electric heating and hot water products to private equity Foresight.
Retail
Legal Advisors MacRoberts – acting for Buyer, Macdonald Henderson – acting for EHC
Accountants Consilium Accountants – EHC, Foresight

Arvill Plant and Tool Hire, Lanarkshire

Lead Advisor: Macdonald Henderson - Solicitors  |  Date of deal completed: 31-12-2022
Acting for the Shevill Family in the sale of the entire issued share capital of established family business Arvill Plant & Tool Hire based in Lanarkshire, Scotland to FTH Hire Group, a UK consolidating trade buyer.
Manufacturing
Legal Advisors Macdonald Henderson acting for Vendor, Lindsays acting for Purchaser
Accountants ABC Accountants - Acting for Vendor

Blackford Analysis Ltd, Edinburgh

Lead Advisor: Archangel Investors Ltd  |  Date of deal completed: 09-02-2023
Bayer AG acquisition of Blackford Analysis, provider of strategic imaging AI platform and solutions for healthcare providers. Blackford was supported by business angel syndicate, Archangels since 2012.
HealthTech
Legal Advisors Dickson Minto for Blackford and Linklaters for Bayer
Corporate Finance Alantra
Investors / Lenders Archangel Investors Ltd, Old College Capital (VC arm of Edinburgh University) and Scottish Enterprise

Feurach Holdings Limited, Edinburgh

Lead Advisor: Bellwether Green Limited  |  Date of deal completed: 08-03-2023
Acquisition of Share Capital by Barenbrug UK Limited
Agriculture
Legal Advisors Bellwether Green Limited, Purchaser
Corporate Finance Scrutton Bland, Purchaser
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