Deals Done – Scotland’s M&A and funding activity for Q1 2019

Oil and gas continues to be the most active sector when it comes to deal making in the beginning of 2019 according to the latest Deals+ update from Anderson Anderson & Brown Corporate Finance (link).

Having said that deal flow has remained steady for all sectors although the market conditions in various sectors are very much depicted by the wider political environment.

From an Oil & Gas perspective, there continues to be significant M&A activity in the upstream E&P space with a number of ongoing high-profile sales processes.

Recent transactions completed during Q1 2019 include RockRose’s acquisition of Marathon Oil’s UK business for £107m and DNO’s hostile takeover of Faroe Petroleum for £641m.

Deal activity in the Oil & Gas services market also continues to show good recovery, with deals

in the last quarter including First Reserve’s £275m acquisition of Weir Group’s flow control division and Global Energy Group buying Apollo Offshore Engineering and Aiken Group in the space of a week.

In the construction sector we also saw a number of stellar deals completed in Q1 2019, including the £31m acquisition of Walker Homes by Springfield Properties and the MBO of CMS Window Systems backed by Maven Capital Partners.

Fund-raising activity in Q1 2019 was led by a number of emerging technology companies, including Administrate raising £3.78m and Swipii Labs raising £1.9m.

A stand-out deal during the quarter was the seven figure investment in Project Heather to support the re-launch of the Scottish Stock Exchange after almost fifty years.


Read this story – AAB secure investment to re-launch the Scottish Stock Exchange


To download a full report of the deals covered by the Anderson Anderson & Brown Deals+ report, click here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Our Other Titles

Latest

Bellrock Technology announce new chairman and £1 million investment

GLASGOW-based Bellrock Technology has appointed Steve Langmead as its new chairman as the data analytics company gears up for a landmark year...

Perth eco-development takes a step closer

SCOTLAND’S largest carbon-neutral development, Perth West, has taken a step closer as the full planning application has been submitted.

Telecoms chairman says more investment needed to help a more inclusive post-Covid 19 economy

THE new chairman of telecoms provider Commsworld says the UK must invest heavily in digital technology and infrastructure if it wants to build a...

Edinburgh fintech Aveni seals £520,000 backing

EDINBURGH-based fintech Aveni has secured seed investment of £520,000 for its video conferencing based AI technology, which it claims will transform client interaction in financial...

Law firm names new partners to help strengthen its team

LAW firm Addleshaw Goddard has recruited two new partners to join its Infrastructure Projects & Energy Practice (IPE). Suzanne Moir, a former...