Deals

TLT has completed the sale of a 50MW battery storage project in Kintore near Aberdeen to SUSI Storage Development UK on behalf of ILI Energy Storage PLC (ILI), the clean energy development company. The transaction is the fourth battery storage sale TLT has completed for ILI Group in the last year, a

Shepherd and Wedderburn acted for Clydeport Operations Limited (COL) in concluding an option agreement with the sustainable energy company XLCC to construct a facility at Hunterston Port to produce high voltage sub-sea cables for the transmission of renewable energy. If planning permission is approv

CMS has advised Smart Metering Systems Plc (SMS) on its latest equity placing. The transaction involved an accelerated bookbuild process, managed by Cenkos Securities plc, Investec Bank plc and RBC Capital Markets, to raise around £175 million investment through a share placing. SMS is a fully

Gavin Buchan, who heads up Lindsays' banking team, has advised Shot Scope in its latest investment securing £1.5 million in funding from Virgin Money to help the Edinburgh-based company scale globally. Shot Scope has been a client of Lindsays for more than two years.

Macdonald Henderson has advised the Turnkey Group on the disposal of Turnkey Business Software (TBS) and Turnkey Infrastructure Solutions (TIS) to Kick ICT Group, led by technology entrepreneur Tom O’Hara. Founded in 2015, the deal is Kick’s sixth and seventh in six years as the bus

CMS has advised the Scottish National Investment Bank in relation to its investment into satellite-enabled connectivity start-up, R3 IoT Limited. The bank invested alongside US-based venture capital fund Space Capital in a round that closed at approximately £3.1 million ($4.3m).

Addleshaw Goddard’s corporate team in Scotland has advised the majority shareholders of Livingston-based lighting innovators, designLED, on its sale to Faurecia – an automotive technology company. The acquisition of designLED will bolster Faurecia’s offering in display technol

Macdonald Henderson has advised medical device company Emblation on an investment by healthcare investor Apposite Capital to support its international growth and broaden its market offering. Created in 2007 by joint co-founders Gary Beale and Eamon McErlean, Emblation designs, manufactures and comme

Gillespie Macandrew has advised independent bookseller Topping & Company on the acquisition of premises. The firm advised on the purchase of the Edinburgh site, a 4,000sqft former bank on Blenheim Place, which the bookseller had leased since summer 2019.

DWF has advised Aliter Capital-backed Sponge, a digital learning provider, on the acquisition of Idox Compliance from its parent company Idox plc. Sponge offers training solutions ranging from risk and compliance to people development and skills enhancement. It is backed by Aliter Capital LLP, a spe

DWF has advised the owners of leadership and talent consultancy Cirrus on its sale to Accenture, a global professional services company. Cirrus provides advice on leadership and digital learning to boost business performance. It has around 70 experts in the UK and in Australia.

Gillespie Macandrew has advised on the purchase of two Waitrose stores in Glasgow for £23.2 million. The firm’s commercial property specialists advised Wire Oast Limited, an SPV established by Avignon Capital, on the acquisition of the portfolio of two supermarkets in the West Retail Par

A team from Burges Salmon has advised BayWa r.e. UK, a global renewable energy developer, on its acquisition of High Constellation Wind Farm from Blue Energy. The proposed wind farm is located on the Kintyre peninsula and, once installed, its 10 turbines will have a capacity of 50MW. Blue Energy, a

CMS has been appointed to advise the Northern Lighthouse Board (NLB) on the procurement of a new vessel to replace the NLV Pole Star. The Oban-based 52.5m vessel, used for buoy-laying and other core NLB operations, was built in 2000 by Ferguson Shipbuilders in Port Glasgow.

Macdonald Henderson has advised Inspire Scotland, the Glasgow-based residential childcare group, on a £4.5 million refinancing and growth package. Inspire Scotland has agreed £4.5 million in refinance and growth funding with ThinCats, the alternative lender to mid-sized businesses.