Brodies advises on deals worth £8.2 billion

Brodies’ corporate and commercial team has advised on deals with a value of more than £8.2 billion this year so far, the firm has announced.

In the first six months of the year, the firm’s corporate specialists acted on transactions across the transport, energy, property, life sciences, publishing, finance and telecommunications sectors.

Highlights included some of Scotland’s highest-profile M&A transactions, including the take-over of Mackellar Sub-Sea and Tulloch Homes, as well as acting for Abellio in its winning bid for the ScotRail franchise.

Shuna Stirling , head of corporate at Brodies, said: “We are pleased to have supported such a wide variety of clients active in almost every sector that is key to the future growth of the Scottish economy.

“The first six months of the calendar year have seen continued investment and M&A activity, despite the element of political uncertainty that is inevitable during the period running up to a general election, and nothwithstanding the fall in the price of oil.

“While there is no doubt that the lower oil price has had an ‎effect on deals activity in the North East, our oil and gas team is assisting entrepreneurial clients and E&P operators who see the opportunity to revitalise and make profit margins on assets in the UKCS.

“We expect to see more of this type of activity in the market later in the year. There remain significant opportunities out there for businesses with the resources and desire to seize them.”