BURNESS PAULL

CORPORATE DEALS DOWNLOAD

Business Insider Table of Legal Advisors:

TOP OF THE DEALS TABLE FOR THE FIFTH YEAR RUNNING

Top of the deals table for the third year running.

On lockdown, it initially felt like the deals world stopped turning. In many sectors, such as private equity, the majority of transactions went on hold and everyone’s focus was on immediate operational challenges.

Things, however, started moving again far quicker than we anticipated may be the case, and we have had the pleasure of working with our clients on progressing deals while working from home.

In terms of the activity we have seen:

  • Venture and development capital investments particularly in tech businesses continue without too much interruption.
  • Private equity is very much on the look-out for deals – in particular opportunistic bolt-ons are certainly viable at the moment.
  • For certain deals – particularly those involving new funding - “new normal” trading through Q4 is likely to be needed to enable sufficiently clear cashflow and trading projections to be prepared.
  • Sectors that are not impacted by discretionary consumer spending are understandably proving to be particularly robust.
  • Renewable energy transactions have continued apace.
  • The availability of CBILs and other government support is capable of being more widely accessed than was initially anticipated.

So, there are deals to be done, and investors and funders who are looking to do them.

Who knows what is going to happen from here, but it is feeling positive, and we are looking forward to supporting our clients as they make the most of the opportunities that are undoubtedly out there.

Mark Ellis,
Head of Corporate Finance

Some of our deal highlights since lockdown...

Acting for Aberdeen Standard Investments in a co-investment - alongside BlackRock and Nordic Capital - of €12.5m into Trustly: a Swedish-based, global online payments provider.

Advising management shareholders on the sale of Horizon Capital investee company Connexas Group, a leading provider of connected vehicle technology and fleet management solutions throughout the UK, EU, North America and Australia, to AddSecure.

Advising Par Equity on investments in laser instruments developer UniKLasers and medtech firm Manus Neurodynamica.

Advising the Scottish Investment Bank on its investment in Pneumagen, a pharma tech spin-out company working on a drug to treat Covid-19.

Advising Archangels and Par Equity on their further investment into Speech Graphics, a provider of market leading facial animation software.

Advising James Fisher and Sons plc in its acquisition of Fathom Systems, a leading brand in the commercial diving industry for diver communications, gas analysis, diver monitoring and integrated diving control systems for DSV.

Advising the shareholders of Flagship Property Care, one of the UK’s largest central heating and electrical service providers trading as Saltire Facilities Management, in the sale of the entire issued share capital to United Capital.

Advising Circularity Capital on a strategic investment into a leading provider of domestic energy efficiency measures.

Advising Savannah Energy PLC on the publication of a supplemental admission document in respect of the re-admission of its entire issued share capital to trading on AIM, following completion of its acquisition of certain oil and gas assets from Seven Energy, an oil and gas producer and midstream company operating in south-eastern Nigeria.

Advising the shareholders of Scotia Homes on its acquisition by Camlin Group.

Advising the Scottish Investment Bank on its investment in Trojan Energy, a provider of on-street electric vehicle charging systems.

Advising global tax software provider Sovos on its acquisition of Accordance, a VAT managed services company.

Get in touch...

Mark Ellis - Head of Corporate Finance

mark.ellis@burnesspaull.com
+44 (0)131 473 6189
+44 (0)7525 038 527
burnesspaull.com
@burnesspaullLLP