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12 Dec 2024

Archives: Deals

Deals Table

The Scottish Deals Table is the only comprehensive guide to all Scottish deals. Published online and listed chronologically, you can search the deals done by industry sector and by the all-important Lead Advisor and other advisors and funders involved. You can also filter by Acquisition & Sales, Buyouts or Funding. This tool is essential for law firms, accountants, corporate financiers, investors, or advisors. You can enhance your listing by including your organisation in the Dealmakers Directory.

EDC Integrated Limited, Erskine

Lead Advisor: Bellwether Green Limited  |  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

Scottish Enterprise, Glasgow

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

M&Co, Glasgow

Lead Advisor: Grant Thornton  |  Date of deal: 28/02/2023
Acquisition of the brand of M&Co by AK Retail Holdings Limited
Retail

Deans Holdco Limited, Glasgow

Lead Advisor: Grant Thornton  |  Date of deal: 31/10/2023
Sale of Deans Holdco Limited to RSK Environment Ltd
Construction

3F Bio Limited, Glasgow

Lead Advisor: Grant Thornton  |  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

Reath Technology Ltd, Edinburgh

Lead Advisor: Harper Macleod  |  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

The Times, Glasgow

Lead Advisor: Futurescot  |  Date of deal: 14/11/2024
Max 85 characters
Fintech
Accountants Miller
Corporate Finance qwd
Investors / Lenders qwd

Hillhouse Quarry Group Limited, Troon

Lead Advisor: Grant Thornton  |  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

Par Equity, Edinburgh/Glasgow

Lead Advisor: Burness Paull  |  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

Level E Research Limited, Edinburgh

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  Date of deal: 20/02/2023
Further investment round
Other

Robin Forsyth, Kilmarnock

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Helensburgh Motor Holdings Limited, Helensburgh

Lead Advisor: Bellwether Green Limited  |  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

Iomart, Glasgow

Lead Advisor: Grant Thornton  |  Date of deal: 30/09/2024
Acquisition of Atech Cloud by Iomart
Software
Accountants Grant Thornton

Rovop Group Limited, Aberdeen

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Absoft Limited, Aberdeen

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: AAB Group  |  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

Lead Advisor: Burness Paull  |  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

Lead Advisor: Burness Paull  |  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

Lead Advisor: Burness Paull  |  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 -

Solutions Healthcare Limited, Glasgow

Lead Advisor: HNH Partners Limited  |  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.

Aliter, Edinburgh

Lead Advisor: Advisor  |  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

Lead Advisor: DWF  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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)

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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

Lead Advisor: Brodies LLP  |  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)

Weee Solutions Limited, Paisley

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Macdonald Henderson  |  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

Lead Advisor: Chiene + Tait LLP (t/a CT) - Advisor  |  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

Lead Advisor: Chiene + Tait LLP (t/a CT) - Advisor  |  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

Lead Advisor: Chiene + Tait LLP (t/a CT) - Advisor  |  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

Lead Advisor: Chiene + Tait LLP (t/a CT) - Advisor  |  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

Clyde Property Limited, Glasgow

Lead Advisor: Bellwether Green  |  Date of deal: 31/10/2023
Transfer of Business and Assets of Auchinderran Wind Cluster LLP to Auchinderran Wind Ltd including the novation of existing banking facilities with Close Finance
Creative
Accountants Robertson Craig
Investors / Lenders Close Finance

Tritonia Scientific Ltd, Oban

Lead Advisor: Harper Macleod  |  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)

Tay Lettings Ltd, Glasgow

Lead Advisor: Grant Thornton  |  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

Lead Advisor: Grant Thornton  |  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

Lead Advisor: Grant Thornton  |  Date of deal: 28/02/2024
Sale of Artificial Lift Performance to ChampionX LLC
Software

My Smash Limited, Edinburgh

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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

Lead Advisor: MBM Commercial  |  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.

XSolutions365 Limited, Edinburgh

Lead Advisor: Grant Thornton  |  Date of deal: 01/06/2023
Digital consultancy xDesign has secured minority growth investment from investment firm Soho Square Capital. The deal, which was agreed for an undisclosed amount, will see Soho Square principal Joe Tebbutt join the board of directors. The Edinburgh-headquartered business will now accelerate its expansion plans, with a number of new office openings planned around the UK and internationally, as well as enhancing its operational structure.
Software

James Gibb Property Management Limited, Glasgow

Lead Advisor: Grant Thornton  |  Date of deal: 01/06/2023
James Gibb Property Management Limited acquired 100% of the share capital of Speirs Gumley Limited, a Glasgow based residential property factor. The acquisition grows the number of properties under management by James Gibb Property Management Limited.
Other

Ross-shire Engineering Limited, Ross-shire, Inverness

Lead Advisor: Pinsent Masons LLP  |  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

Highland Jet Centre Limited, Inverness

Lead Advisor: Harper Macleod  |  Date of deal: 03-08-2023
We advised Highland Jet Centre Limited on the redemption of 89,500 preference shares held by various shareholders.
Transport
Legal Advisors Harper Macleod LLP

Highland Jet Centre Limited, Inverness

Lead Advisor: Harper Macleod  |  Date of deal: 11-09-2023
We advised Highland Jet Centre Limited on the redemption of 17,500 preference shares held by an individual shareholder.
Software
Legal Advisors Harper Macleod LLP