Brodies performed the lead legal counsel role for Arjun Infrastructure Partners Limited on the pre-acquisition structuring elements, in advance of the acquisition of a 75% shareholding in South Staffordshire Water (a regulated water company supplying 1.6 million customers, with additional non-regulated interests providing contractual services to the UK water sector) from global investment firm, KKR.

We advised Orbital Marine Power (Orkney) plc on its offer of bonds to the public, raising £7 million via Abundance Investments – the largest value raised by the Abundance platform to date. The funding will enable the building of the Orbital O2 tidal turbine at the European Marine Energy Centre in Orkney, supporting Orbital Marine in its pioneering work in the sustainable energy sector.

Brodies advised Premier Oil on the drafting and negotiation of an innovative suite of agreements in relation to the Tolmount Field development, a significant discovery in the southern North Sea. The innovative nature of the commercial structure (involving the creation of a new Infrastructure Joint venture between HGSL and Dana, in addition to the traditional upstream joint venture between Premier and Dana) was bespoke and unique, and won the Oil & Gas Authority-sponsored Maximum Economic Recovery “MER UK” award at the prestigious Oil & Gas UK Awards 2018.

Brodies acted as sole external legal adviser to Japex E&P UK Limited in relation to all legal issues relating to the development of the Seagull discovery, including strategic and regulatory advice. We negotiated and drafted multiple project documents including:- Construction and Tie-in Agreement and Transportation and Processing Agreement with ETAP and Transportation and Processing Agreements with Forties Pipeline System, GAEL System and CATS.

Brodies’ pensions team advised the Trustees of the Howden Group Pension Plan on a £230 million full scheme buy-in with Legal & General Assurance Society Ltd, covering almost 2,000 members.

This was the second phase of the Trustees’ strategic approach to improve funding of the Plan and to reduce exposure to uncertain asset returns, thereby providing members of the Plan with greater financial security. Through a close collaborative relationship with Legal & General, the Trustees were able to deliver the optimal outcome for the members of the Plan.

Brodies advised Abellio on its successful bid to operate the East Midlands Railway franchise, which started on 18 August 2019.  Abellio will be responsible for delivering new trains, smart ticketing and more frequent services for passengers.

Brodies’ pensions team advised the trustees of the John Menzies plc defined benefit pension scheme, the Menzies Pension Fund (Scheme), on the pensions aspects of the sale of Menzies Distribution Limited, to private equity firm Endless LLP for £74.5m. The sale – which completed on 5 September 2018 - was a strategic move by the Edinburgh-headquartered John Menzies Group to separate its aviation and print media distribution arms and focus exclusively on its fast-growing global aviation services business.

Brodies advised on a £800,000 funding agreement between Linwood Community Development Trust and Renfrewshire Council for the Mossedge Village project, which  will provide the community of Linwood with a new football and community facility.

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.