Andrew Blain

In recognition of the firm’s performance, a bonus of five per cent of annual salary was paid to all employees.

Andrew Blain, managing partner, said: “I am pleased we have delivered strong financial growth this year and increased revenues for the seventh consecutive year.

“We have made significant investments in key sectors and practice areas, and it is rewarding to see our strategic initiatives yielding positive results, particularly in our clean energy and real estate practices as well as our pensions and private wealth teams.

“We are grateful to our clients for their support and for continuing to place their trust in us.”

Notable deals over the past 12 months included:

• Assisting Lone Star, a global investment firm, in the acquisition and financing of Union Square Developments Limited, the owner of Union Square Shopping Centre in Aberdeen, for £111 million.
• Advising BayWa r.e. UK in the £40 million project financing with National Westminster Bank plc for the Broken Cross Wind Farm.
• Acting for The Scottish National Investment Bank on a number of equity investments, including its landmark £16.7m investment into the UK spaceflight company Orbex and its £18m follow-on investment alongside BGF, into Trojan Energy.
• Acting on behalf of Global Infrastructure Partners in the property aspects of the sale of a 50.1 per cent stake in Edinburgh Airport to Vinci Airports for £1.27 billion.
• Acting as Scottish counsel on Chart Industries’ acquisition of Howden, a leading global provider of mission-critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP, for US$4.4 billion.
• Acting as Scottish counsel for Devro on its acquisition by SARIA.
• Advising ESR Europe on its acquisition of the London & Scottish Property Investment Management Group.
• Acting for Investec on the establishment of REALIS, a UK real estate equity fund, and assisting with the fund’s first investment.

Looking ahead, Mr Blain added: “With the recent lateral partner announcements strengthening our market-leading clean energy practice and additional strategic investments to be unveiled in the upcoming months in key areas, we are optimistic about the future and look forward to continuing to work with our clients in the months ahead.”