Mergers & Acquisitions

Consolidation in Scotland’s independent financial advice sector is showing no signs of slowing, experts believe. Corporate lawyers at independent Scottish legal firm Lindsays say they are advising a growing number of Independent Financial Advisors (IFAs) on transactions including mergers, take

Aberdeenshire-based Acumen Accountants has expanded its reach with a key merger south of the border. As a result, the growing company has bolstered its management team with the appointment of Andrew Wilson as a new director.

AAB has kept its top financial adviser ranking with 18 mergers and acquisition deals completed during 2023, according to Experian’s latest United Kingdom and Republic of Ireland M&A Review.

Clydesdale Bank-owner Virgin Money is set to acquire Abrdn's 50% stake in their joint investment platform for £20 million, less than a year since its launch.

Nucleus Financial Platforms has acquired investment platform and wealth management software provider Third Financial.

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

The boards of UK housebuilders Barratt Developments and Redrow have agreed a merger deal, which prices Redrow at £2.524 million.

Accountancy group MHA has solidified its presence in Scotland with the merger of Geoghegans, a prominent Edinburgh-based accountancy firm. The move marks the second merger in Scotland for MHA, the first being with Aberdeen-based accountancy firm Meston Reid & Co in October 2023.

Hardies Property & Construction Consultants has completed its fifth acquisition in five years with the purchase of the Edinburgh and Kirkcaldy offices of property and costs consultancy David Adamson and Partners. Established as a chartered surveying consultancy in 1930, David Adamson and Partner

Gilson Gray has expanded its footprint in Dundee and Angus, following the takeover of Bowmans Solicitors. The firm will also now double its space at 2 West Marketgait in the city centre, taking on another floor of the flagship building, as well as gaining an additional office in Forfar. A team of 11

The deal which will see Irwin Mitchell invest in firm Wright, Johnston & Mackenzie LLP (WJM) is now complete after securing regulatory approval. This paves the way for the two businesses to work closer together as they seek growth across the UK and internationally.

Dumbartonshire firm McLaggan Smith Mugs Limited has acquired Ceramicraft Limited for an undisclosed sum, with advice from law firm Macdonald Henderson.

FRP Advisory has sold AMTE Power's Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs. LionVolt is a subsidiary of LionVolt B.V., a group based in Eindhoven, Netherlands – a battery innovator that develops ‘3D’ solid-state b

Edinburgh-based Spotless Commercial Cleaning Ltd has expanded its operations with the acquisition of Ashdown Cleaning, a Norwich-based company, adding a further 100 staff to its growing UK team. The addition of the business, purchased for an undisclosed sum from its retiring founder, bolsters Spotle

Mid-market private equity investment activity in Scotland saw a slight slight dip compared to last year’s record high, according to KPMG UK’s latest Mid-market Private Equity report. The firm’s most recent M&A study has revealed that 42 transactions took place compared to 51 la