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).  

Acted for the shareholders of Scotframe in the sale of the Company to Saint Gobain, the French multinational corporation based in Paris. 


Scotframe manufactures and supplies full timber frame housing kits for small/medium builders, developers and self-builders in the UK and is a market leader in closed panel systems used extensively for new build homes in Scotland, and also England. It has over 160 employees and operates from two manufacturing sites and four showrooms.  

Brodies worked with Teeple Hall LLP advising San Diego-based AbacusNext on its acquisition of Edinburgh-headquartered HotDocs, the global leader in document automation.

Integration of HotDocs into the existing technology solutions for legal, accounting and business management makes AbacusNext the most comprehensive technology provider to the professional services industry.  

Alessandra Lezama, CEO of AbacusNext commented: “Today marks another milestone as we continue building on our unique technology services platform for our current and future clients”.   

OIL services firm TWMA has been acquired by a group of investors following a substantial investment by Buckthorn Partners who were advised by US law firm Sidley Austin and Brodies.  

TWMA, the Aberdeen-based firm, which specialises in helping oil and gas firms manage the waste products from activities such as drilling, was acquired from funds managed by the Lime Rock private equity business.

Brodies’ role included corporate, real estate and HSE due diligence reporting, together with general advice on Scots law matters.

Brodies advised Bonham Edinburgh Investments LLC on its purchase of The Bonham Hotel in Edinburgh’s west end.  The boutique venue, was sold for an undisclosed sum by an arm of global private investment firm Starwood Capital, which bought the property in 2015 as part of the Town House Collection, which included the Blythswood Hotel in Glasgow.

Spanning three Georgian townhouses, the 49-bed Bonham includes a bar and restaurant along with an 18-space car park.

Brodies acted for Etchecan Limited, trading as Portland Hotels on the sale of the five strong hotel portfolio in Scotland. The portfolio includes the 52-bedroom Edinburgh City hotel, the 111-bedroom Edinburgh Capital hotel, the 137-bedroom Glasgow Pond hotel, the 34-bedroom Huntingtower hotel in Perth and the 202-bedroom Speedbird Inn at Aberdeen Airport.   

The buyer was Leonardo Hotels, the European arm of Israeli-based Fattal Hotel which owns more than 80 hotels in over 40 locations.

Arjun Infrastructure Partners acquired a 45% stake in Welcome Break (one of Britain’s biggest motorway service station chains) from a clutch of minority investors, including Dutch Bank ING and Australian insurer Challenger Life. NIBC European Infrastructure Fund retained its 55% stake.

Brodies LLP advised Arjun Infrastructure Partners Limited on the pre-acquisition structuring elements of the acquisition.