Brodies advised on the sale of the entire issued share capital in UK sustainable asset investment firm FIM Services Ltd to Gresham House Holdings Ltd (a wholly owned subsidiary of the alternative asset management group headed by listed Gresham House plc).

The acquisition of FIM Services is part of Gresham House’s plans to grow its presence across specialist investment strategy sectors. The consideration was up to £25 million on a cash-free, debt-free basis (subject to certain adjustments).

Brodies’ first involvement with Adelphi was in 2003. Donald Houston and Keith Falconer, on a recommendation, approached Jamie Walker who had revived the Adelphi name in order to bottle a limited number of rare, well-aged and top quality malt whiskies. Donald and Keith wanted to buy a hogshead of whisky; they were so impressed that they bought the company.

Arjun Infrastructure Partners (AIP) has acquired a 75% shareholding in South Staffordshire Water (a regulated water company supplying 1.6million customers, with additional non-regulated interests providing contractual services to the UK water sector) from KKR, a global investment firm.

Advising the shareholders of Barrhead Travel Group, one of the UK’s biggest retail travel firms on their acquisition by US-based Travel Leaders Group, one of North America’s largest travel companies, adding to their UK portfolio.

The Brodies team was led by Corporate Partner Neil Burgess, with support from Paul Breen.

Brodies advised Rovop Group on an equity investment by Bluewater (a new investor via an investment vehicle) and BGF Investments (a current investor). The transaction involved two institutional equity investors, four senior lenders, overseas subsidiaries, an acquisition in the US and various complex stakeholder dynamics.

Brodies acted for longstanding client Powerleague Group, in the circa-£15 million investment it received from its owner, Patron SARL. This was facilitated by the issue of additional shares, as well as a restructuring of the Group’s financing arrangements.

The deal was led by Shuna Stirling, with support from Duncan Cathie and Jack Moir.

Brodies advised Macquarie Capital Group in relation to the £2 billion public sale process for the UK Green Investment Bank (GIB). The work involved detailed due diligence of the Scottish assets in the GIB’s portfolio, as well as Scottish aspects of the acquisition arrangements, due to GIB being a Scottish-registered company with significant assets located in the country. The sale by UK Government realised significant benefits for the seller as well as establishing a global platform for the GIB business within Macquarie and a continuing commitment to Scotland.

Brodies acted in the sale and management buyout of the entire issued share capital of John Lawrie (Aberdeen) Ltd to Thunderbird Bidco Ltd (an acquisition vehicle backed by Rubicon Partners and Grovepoint). We advised on, drafted, and negotiated the sell-side documents for all of the sellers and negotiated the buy-side equity transaction documents for the ongoing management team, as well as assisting with a detailed disclosure exercise. This was a complex and material sale and management buyout transaction involving complex equity considerations.

DC Thomson has completed an acquisition of Dundee-based radio station Wave 102. The station will join DC Thomson’s publishing arm, DC Media, which includes a range of newspapers and magazines.

The acquisition was led by Corporate partner, Will McIntosh.
 

One of Scotland’s biggest M&A transactions of 2017.

The sale of the entire issued share capital of Craig Group Limited (North Star Shipping) to Ardmair Bay Holdings Limited (the vehicle used  by Basalt Infrastructure Partners).