The Scottish corporate team at DWF has acted on deals totalling over £175m in the first six weeks of 2015 - highlighting a significant uplift in deal activity.
The team has advised on a range of high-profile deals, including acting for the sellers and management team on the £20m PDG Helicopters MBO, backed by LDC, advising Newbridge-headquartered Exova on its strategic acquisition of Environmental Evaluation and advising AIM listed Mattioli Woods on the acquisition of the pension administration business of PS Employee Benefits Limited.
DWF has a strong track record within core sectors, such as construction and infrastructure, energy and industrial and retail, food and hospitality, and this is demonstrated through some of the key deals completed this year, which include:
- Acting for Yingli Green Energy International AG in the acquisition, development, financing and subsequent disposal of a 20MW solar farm for a total consideration of £23m, led by David Gilchrist.
- Acting for Apex Hotels Limited on its £10.5m acquisition of Rossmark Hotels, led by Alasdair Peacock and Rachel Gervaise.
- Advising Capita plc on its £35m acquisition from the Department for Business, Innovation & Skills of Constructionline, the supplier of pre-tender information and pre-verified checks for businesses in the construction industry, led by Paul Pignatelli.
Paul Pignatelli, corporate partner at DWF, said: “We’ve had a flying start to the year. Not only have we strengthened our offering through key lateral hires as we welcomed Chris McLauchlan and Gary MacDonald to the team, but we’ve built on the momentum of last year’s deals activity and delivered a number of high-profile, strategic deals already this year.
“The uplift in deal activity is testimony to the superb team we have in place and our loyal and active client base, but it also signals confidence from Scottish businesses, which is great news for the M&A market generally. Our pipeline looks good and, despite some other cautionary economic indicators, there is a genuine hope in the market that the activity is sustainable.”
Chris McLauchlan and Gary MacDonald recently joined the corporate and banking practice from senior roles at Freshfields Bruckhaus Deringer and Pinsent Masons, respectively. In addition, Ben Powell recently joined the construction, infrastructure and projects team (CIP) in Edinburgh as a partner from Tods Murray. The recent investment takes the total number of partners to 29 across both Edinburgh and Glasgow offices – adding key strength and depth to core practices areas and demonstrating the firm’s commitment to the Scottish market.