Promethean UK Opportunities Fund II LP, the second fund managed by Promethean Investment LLP acquired a 50% stake in DSG Financial Services Limited, with existing shareholders and management rolling over for the remaining 50% in a newco acquisition vehicle. The target is a regulated business and accordingly completion was conditional upon FCA consent to the change of controller, the application for which was also coordinated by Brodies.

 

Two years of negotiations and work on a major fundraising for the first Borders based Scotch Malt Whisky. This included planning from inception, structuring the investment, coordinating the investors and in-house lawyers for the private equity funds, working with the corporate finance house, acquiring the site, construction, planning, tax and other elements.

Brodies acted as Scottish advisors for Longs Steel UK Limited (part of the Tata Steel UK group) in the sale of steelworks at Clydebridge, Rutherglen and Dalzell, Motherwell. The steelworks were sold to the Scottish Ministers and then immediately sold on to Liberty House as part of a Scottish government initiative (the Steel Task Force) to rescue the steelworks from closure. Brodies advised on Scottish real estate and corporate aspects, assisting Slaughter & May (London) as main advisors to Tata on the sale of their entire long steel business in the UK to Liberty House.

We advised Park’s of Hamilton (Holdings) Limited in the purchase of the entire issued share capital of Macrae & Dick, Limited, the long established and renowned Scottish Motor Group. This acquisition, supported by the Bank of Scotland, has expanded Park’s Motor Group, adding a further 12 dealerships to the group and increasing its representation of BMW, MINI Jaguar, Land Rover and Honda, as well as introducing new partnerships with Ford, Mazda and Toyota.

Advising innovative fund on its first deal in Scotland

Business Growth Fund plc (BGF), an initiative backed by five of the UK’s main banking groups, was established in 2011 to help provide investment for Britain’s fast-growing smaller and medium-sized companies.

As well as providing financial backing, BGF seeks a collaborative approach with the management teams of its investee companies, providing access to the expertise and guidance required to take their high potential businesses to the next level.

Brodies LLP acted on behalf of Cromlix House Hotel Limited during the purchase of Cromlix House and policies from the Eden family, the owners of the historic Cromlix Estate.

Cromlix House Hotel Limited is the investment company of Andy Murray who purchased the property, located close to the tennis star's home town of Dunblane, in order to transform the elegant Victorian mansion into a luxury 15 bedroom five star destination.

Successful defence of airport extension construction project

Brodies was instructed to defend Shetland Islands Council in a claim brought by Highlands & Islands Airports Limited relating to the design of an extension to Sumburgh Airport. Highlands claimed that it was experiencing ongoing damage to the runway as a result of defective design. The council denied the existence of design defects.

Brodies has a long-standing relationship with Aberdeen City Council and continues to provide it with a full range of legal advice. Through its innovative and market leading Hydrogen Strategy, Aberdeen City Council is coordinating a project to bring a fleet of hydrogen buses and refuelling infrastructure to the city – the largest fleet of its kind in the EU.

Brodies acted on behalf of Park’s of Hamilton (Holdings) Ltd in its successful action for damages against the managing director of LAGTA Ltd. Park's of Hamilton was the largest shareholder in LAGTA Ltd when the firm was sold to SPX Corporation in 2007 for £5.2m. Colin Campbell, the managing director of LAGTA Ltd and the second largest shareholder in the company, negotiated the deal with SPX Corporation and received £26 for each share, while all the other shareholders, including Park's, received £21.50 per share.

Outsourcing of global multi-asset trading platform and order management system

Newedge, a joint venture between Société Générale and Crédit Agricole CIB, is a major force in the global multi-asset brokerage business and has a world-leading position in the execution and clearing of listed derivative products. Headquartered in Paris, Newedge has a presence in 16 countries across Europe, America, the Middle-East and Asia-Pacific and offers access to more than 85 global exchanges.