How Scottish law firm sealed record-breaking £1 billion worth of deals
The firm revealed the factors behind its record-breaking success
The firmâs mergers and acquisitions team delivered a record-breaking year across sectors spanning renewable energy, technology, transport and logistics, infrastructure, professional services, publishing, engineering, healthcare, hotels and leisure and financial services.
It included share and business acquisitions and disposals, management buy-outs, transition to employee ownership, joint ventures and group re-organisations.
The Anderson Strathern corporate team also acted for Stef Langdons Ltd in the acquisition of Long Lane Deliveries Ltd, Applexus Technologies Inc in the acquisition of Absoft Ltd, the shareholders of Deans Civil Engineering Ltd in the sale of 72.5 per cent of the shares to RSK Environment Ltd, Consort Healthcare (Fife) Limited on the £150 million refinancing of Victoria Hospital, Kirkcaldy, and Reynolds Catering Services in the acquisition of a majority stake in Kilmarnock-based Braehead Foods Ltd.
Also of note was acting for the sellers in the sale of the entire issued share capital of Douglas Home & Co Ltd to EQ Accountants Ltd/Sumer Group, a transaction that marked further consolidation of the accountancy market.
Simon Brown, partner, told The Herald: âWe generate substantial referral business from European and international legal networks. This work has accelerated in recent years, prompting us to make several senior hires in order to capitalise on the strongest opportunities.
Euan Tripp's impact was underlined (Image: Anderson Strathern) âCredit for much of our success has been the appointment of Euan Tripp in 2019. His leadership and experience has driven strong growth in our investment/private equity practice. We now act for private equity investors â Foresight Group and Maven Capital Partners â as well as angel and other investors across Scotland, including Par Equity, Kelvin Capital, TriCapital and Equity Gap.
âAnother partner Kevin McGlone - a 2023 hire - has secured a large number of substantial clients, particularly in the hotel/leisure sector.
âThe team also represents an increasing number of high growth companies seeking significant equity investment, giving us a comprehensive understanding of dealmaking from both an investor and investee perspective.â
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He also said: âIn terms of 2025 M&A (mergers and acquisitions) activity, while the rise in Capital Gains Tax announced in the Autumn 2024 Budget may dampen some sellersâ enthusiasm for deals, at least in the short term, the overall outlook remains positive.
âWith interest rates stabilising and inflation under control, we expect the current strong M&A activity to continue, driven in particular by private equity, where there is still plenty of capital available to invest. Valuation gaps remain an issue, and we expect to see even greater use of deferred consideration and earn-out mechanisms.
âOne sector where we are already seeing increased levels of activity is renewable energy, which has been buoyed by the new UK Governmentâs commitment to doubling onshore wind and quadruple offshore wind by 2030. As well as wind, we expect a continued high volume of activity in the development, consolidation and scaling of solar PV and BESS (battery energy storage systems) projects and an exponential growth in heat network projects, where Anderson Strathern is recognised as a market leader.â