Sale of 152-year-old family business to one of the world’s largest coffee roasting companies

Matthew Algie, the Glasgow-based coffee roaster, has a proud 152-year history and had been family-owned since it was established in Greenock in 1864.

Brodies Corporate has advised in the sale of Rockwell Solutions Limited, a Scottish-based food packaging developer and manufacturer to Sappi group of South Africa. Sappi is one of the world’s leading producers of speciality papers and carton board with a strong presence in meeting the increased global demand for sustainable barrier paper solutions.

Brodies advised City Facilities Management Group in the purchase of the Lesprit group, which trades as Maintenance Management Limited in the UK and Atrium Maintenance France in Europe, from Lloyds Development Capital (LDC). Through this acquisition, City, one of the world’s largest and leading, privately owned facilities management providers, has now extended its footprint into Europe, in addition to strengthening its existing business in the UK.

Brodies acted for Tristan Capital Partners in their sale to Credit Suisse of the Cuprum building in Glasgow, which has  99,588 sq ft of sought-after grade A space. The deal is reported as being the largest office deal in the city since the EU referendum.

The deal was structured as the sale of a Jersey property unit trust (JPUT).

Brodies advised on the sale of Axiom Process Limited (Axiom) to National Oilwell Varco. Axiom is an oil field services company focussing on solids control, they have developed patented shale shaker technology which is deployed internationally.
A complex deal, involving a significant pre-sale reorganisation, an extensive portfolio of IP and a complex earn out structure.

We advised the shareholders of CMS Enviro Systems limited on forming a new special purpose vehicle, CMS Acquisition Company Limited, to buy the entire issued share capital of CMS, with LDC taking equity in the new company.

Advising Parsons Peebles Group on the transformational acquisition of Anstee & Ware, and Ferguson Marine Engineering in its acquisition of the businesses of MacKellar Sub-Sea and Tritech Nairn

Brodies advised Whitby Seafoods in the acquisition of Dawnfresh Seafoods frozen scampi business and its associated assets.

Supporting leading manager of renewable energy funds

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.